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.

[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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In this week’s Purchase or Pass, Chris Gray is joined by Stuart Waugh from Bell Partners to take a look at a potential investment property and investigate whether we should buy it based on who looks after the body corporate.
This property was actually bought four years ago for $735,000. It’s a two-bedroom unit in a small block of four, 7.8 kilometres from the Sydney CBD. Even though it’s just 100 metres to the cafes and leisure facilities, it’s in a very quiet street with little through traffic. It has undercover parking out the front and a shared courtyard out the back.
{qtube vid:=RxH2xP9cxGQ&amp;feature=youtu.be}
Chris Gray: Now Stuart, before we get into the meat of things, does it roughly tick the boxes for most of the stats so far?
Stuart Waugh: It does. It has transport, it has cafes, it’s a small block, and it has good facilities within it. It would also be quite neat and tidy, so it ticks the boxes to start with yes.
Chris Gray: Now, the biggest dilemma here is the self-managed body corporate. For most people I know it could be called different things in different states, can you explain roughly what the body corporate is?
Stuart Waugh: The body corporate is basically the people that will govern how things are done, so the owners will determine what they want to do to it, and then the body corporate and strata managers will basically manage how that’s carried out in the property.
Chris Gray: Yep, so it’s something you’ve got to have on all blocks of units but the classic thing is, and I always say it’s our parents generation that are always trying to make money by saving money. So it costs $2,000 or $3,000 a year to administrate it and get professionals in, so you always get these people, typically older people, that say no we can do it ourselves but is that a forced economy?
Stuart Waugh: Absolutely, you can’t find people to spend $2,000 of their time to try and do it properly but you can actually find a professional body that will do it for $2,000 to do it really well so not only that, it’s always going to get shuffled to the back of the time of what you’re going to get done, if you are doing it yourself rather than paying someone to do it and doing it properly.
Chris Gray: Quite often you get one person in the block that thinks he’s king of the castle and tries to take it over and run the whole thing. But in this particular block, a lot of the owners didn’t get on together, so what are some of the potential downsides if it’s not run properly?
Stuart Waugh: Nothing gets done. If you can’t get agreement because people are fighting or not seeing eye to eye then you won’t get anything done. The property will start to get aged and not well maintained and therefore the purchase price or the sale price of the property will start to go down. It’s a big deterrent for anybody trying to buy that property if you can’t get a body corporate that gets on and gets things done.
Chris Gray: Exactly, because we do strata inspection reports every single time we buy property and if its self managed and there's no records because nobody’s kept any, then it gives you no confidence in buying the property, so certainly a bit of a risky one there. Purchase or pass on this one for you?
Stuart Waugh: I say purchase.
Chris Gray: Well we actually bought this unit for a time poor client a few years back and got our property manager involved in the strata meetings because the client didn’t want to get involved. Now over time the property manager convinced them to hire professional strata managers so it’s all since worked out for the best. It could have been an absolute nightmare though but the block is improving year on year. If I had my choice again, I would still go for a purchase as well.
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ntrotman-Et3xWpamVh

Purchase or Pass? Two-bedroom unit in Bronte

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The Bang &amp; Olufsen house in Point Piper has been snapped up, so attention has now turned to the futuristic Apollo Gate, the Sutherland Shire's latest waterfront listing.
It's the one nicknamed the Cronulla spaceship house, a reputation that dates back to its completion in the 1970s with its Reuben Lane design.
It has changed hands just the once in the past four decades - at $185,000 in 1978 when sold by the Breen family who owned the Metropolitan Sand Company at Cronulla.
It was bought by Evan Cardiacos, who was in the rug and floor covering trade, until his 2008 death.
The six-bedroom house is expected to fetch around $3.5 million through McGrath agent Steve Day.
"Unquestionably the region's most iconic waterfront home, Apollo Gate is a unique architectural masterpiece with spectacular views over Port Hacking to Bundeena and Jibbon Beach," <a href="https://www.mcgrath.com.au/buy/house-cronulla-nsw-2230/178472/?searchID=28632096" target="_blank">Steve Day says</a>.
"It is set on a blue chip, double block with direct access to Salmon Haul Bay."
Lane's bold design was motivated by spiritual and architectural links to Mediterranean villages with whitewashed buildings clinging to the coastlines. 
It featured in NSW Builder magazine, the official journal of the Master Builders' Association, in May 1975 (pictured below). It was built by CH &amp; CR Ellis with spiralling western red cedar ceiling.
<img alt="cronullamay3one" src="/images/stories/2013/05/cronullamay3one.jpg" width="470" height="391">
<img alt="cronullamay3two" src="/images/stories/2013/05/cronullamay3two.jpg" width="470" height="323">
<img alt="cronullamay3three" src="/images/stories/2013/05/cronullamay3three.jpg" width="470" height="343">
Expressions of interest close May 18.
Reuben Lane, who died last year, was inspired by the work of his mentor Oscar Niemeyer, the architect of Brasilia.
Over his life, according to his 2012 SMH obituary, he also met other architectural giants including Charles-Édouard Jeanneret-Gris, aka Le Corbusier and Philip Johnson, Mies van der Rohe, Frank Lloyd Wright who asked him "how does it feel to be upside down?".
He was the son of a plasterboard manufacturer of homes in Sydney's southern suburbs. "The smell of the buildings got me in," he said. "I loved the smell of timber and concrete. I wanted to be the person who designed these buildings," he once said.
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jchancellor-FAypfDUnLy

Suiting The Jetsons: Apollo Gate, the 1970s Cronulla spaceship house listing

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Ikea and Mirvac will join forces this weekend at the 56-hectare Elizabeth Hills estate in South West Sydney to demonstrate how you can furnish a three-bedroom home for just $15,000.
Swedish furniture giants Ikea supplied furniture for a three-bedroom, two-bathroom property on Feodore Drive in the Promenade neighbourhood, which was recently purchased for $465,000.
<img alt="mirvacadmay3one" src="/images/stories/2013/05/mirvacadmay3one.jpg" width="470" height="495">
The property is being used as a display home for the next coming weeks to demonstrate how to furnish your home on a tight budget.
The display home will launch May 4 with interior designer Tim Leveson conducting Open Book Design talks throughout the day.
Mirvac will also launch its 2C stage this weekend, consisting of 11 dwellings ranging from two-, three- and four-bedroom homes.
Three two-bedroom homes are available for $348,900 with block sizes ranging from 78 square metres to 89 square metres.
Five three-bedroom homes are available ranging in price from $475,000 to $505,000 with block sizes ranging from 260 square metres to 336 square metres.
Four four-bedroom homes will be released ranging in price from $580,000 to $599,900 with blocks ranging from 336 square metres to 362 square metres.
The 11 new dwellings are currently under construction.
Five remaining homes from other stages are also available.
The Elizabeth Hills development is located in the Cecil Hills district and was launched in November 2011.
Elizabeth Hills is named after Lazy Elizabeth Wylde, the wife of colonial judge advocate, John Wylde.
Wylde was granted 809 hectares upon arriving in Australia and the property – <a href="https://www.mirvacdevelopment.com/elizabeth-hills/history" target="_blank">Cecil Hills Farm</a> - continued operating as a farm up until the late 1980s.
Elizabeth Hills now comprises of 650 house sites, one hours drive from the Sydney CBD.
The Promenade neighbourhood launched late last year.
 
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Ikea and Mirvac team to show how to furnish a new home on a $15,000 budget 

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Chinese buyers have returned to the Hunter Valley vineyard market after more than 18 months.
Fu Yip International Group, run by Chengye Xiao and Jiemei Xiao, last spent $1.7 million last month on Honeytree Estate, at Pokolbin.
It was marketed by Cain Beckett from Jurd’s Real Estate. Beckett has been the negotiating agent on many winery sales to Chinese investors since 2011.
<img alt="1" src="/images/stories/2013/05/honeytreemay2/1.jpg" width="470" height="250">
The 12.6 hectare property was sold by Robyn and Henk Strengers, from the Netherlands, who bought the property for $848,000 from Toronto businessman Kevin Leary in 1997.
Leary bought the property from a group of five Sydney families who used it as a weekend getaway.
The property has a two-bedroom and two-bathroom homestead, a cellar door, a separate guest cottage and views to the Brokenback Range.
<img alt="2" src="/images/stories/2013/05/honeytreemay2/2.jpg" width="470" height="281">
It was first planted in 1970 by the French born Sydney artist Maurice Schlesinger who planted one acre of Clairette. It now produces Shiraz, Cabernet Sauvignon, Semillon and Clairette.
Henk, a former accountant, says the vineyard is one of the only Clairette producers in the region. The region is better known for its Shiraz and Semillion.
The vineyard reportedly takes its name from a honey tree which once grew on the property and was a landmark in the area.
The Strengers bought the property for a lifestyle change but at the time said the decision was also an investment one.
"We wanted to invest in something that was going to show a return ... that was quite important," Robyn told Fairfax in 1997.
Beckett says every winery sale over $1.5 million in the Hunter region over the last few years has been to Chinese buyers.
Most inquiries in the vineyard market come from buyers looking to buy for immigration purposes with strong looming potential from significant investor visa applicants.
Beckett says a lot tend to go to Chinese buyers with wine interests back in China, be they distributers, hotel owners or wine producers.
After a surge of Chinese buyers in 2011, the number of sales dropped off in 2012 with buyers having difficulty getting funds out of China. But Beckett says this problem seems to have passed with sales starting back up again.
Beckett says there are another five sales currently in negotiation with multiple bidders on many of them.
 
<img alt="8" src="/images/stories/2013/05/honeytreemay2/8.jpg" width="470" height="294">
Beckett says Chinese buyers of vineyards tend to run them as successful Australian businesses.
“The majority of purchasers try and operate a successful Australian business that has an export arm. The export arm is obviously the strongest but they see a strong need to operate a successful business here that operate as a show piece,” Beckett says.
“They have their investors come here and their friends and business partners come out and see the property. But there are others that have completely closed sales channels are.”
Fu Yip International Group will run the estate in conjuction with Australian wine company Molly’s Cradle.
In August 2011 the Capercaillie vineyard sold to buyers from China. It had been listed at $1.89 million by Alan Jurd and Cain Beckett from Jurd’s Real Estate.
And in September 2011 the Golden Grape Estate winery sold for $2.8 million to businessman Genghua Lin.
And in July 2011 a Chinese investor spent about $2.7 million on Windsor’s Edge.
And in August 2011 Brycefield estate sold for $2.8 million.
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awalsh-7Ub9EypybQ

Chinese winery investors return to Hunter Valley after 18-month hiatus

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Casa Mia, the faux Spanish harbourside pile in Manly, has been sold.
Designed by the picture theatre architect Lewis Kaberry, the roaring 1920s abode built for the Edwards family was extensively renovated in the 1950s and 1970s and ended up as flats.
It last sold at $5.65 million in 2007 and its most recent asking price through <a target="_blank" href="https://www.donovanprestige.com.au/product.aspx?prod=85">Donovan Prestige </a>was $5 million-plus. Vince Donovan told Title Tattle he was under instructions not to reveal the selling price of the much talked about property.
The harbourfront property with slipway and boat ramp is a 823 sq m property.
<img height="537" width="470" src="/images/stories/2013/04/casamiaapril30one.jpg" alt="casamiaapril30one">
Title Tattle recalls the Oyama Avenue property had traded for $520,000 in 1981 when bought by Dawn Harding and her late husband Ron, an ice-skating champion.
Greg Hancock, the events organiser, bought the imposing mansion for $4 million in 2001.
<img height="308" width="470" src="/images/stories/2013/04/casamiaapril30three.jpg" alt="casamiaapril30three">
Then the lawyer Wally Meakes, who played for the rugby union premiership-winning Manly Marlins in the 1980s, and his lawyer wife, Julie bought it for about $5 million in 2005.
They sold to plastic surgeon Mark McGovern who has been trying to sell for years with approval for three luxury penthouse style apartments which featured on <a target="_blank" href="https://radicalterrace.com/post/24998682363/casa-mia-3-oyama-ave-manly">radicalterrace.com.au</a>.
<img height="349" width="470" src="/images/stories/2013/04/casamiaapril30two.jpg" alt="casamiaapril30two">
Manly Council has variously considered its heritage sometimes resolving for its preservation, but currently with any redevelopment restrictions.
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Casa Mia, the Oyama Avenue, Manly Beaux Arts-style harbourfront sells   

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New South Wales' lowest earning postcodes have been revealed by a Property Observer review of the Australian Tax Office's Taxation Statistics 2010-2011 report.
The list is populated primarily by rural localities with two student dominated university postcodes making the list. 
<table cellpadding="0" cellspacing="0" border="0" style="width: 470px;">
<colgroup>
<col width="64">
<col>
<col>
<col>
<col width="446">
<col>
<col>
<col>
<col width="64">
<col>
<col>
<col>
<col width="145">
<col>
<col>
<col>
</colgroup>
<tbody>
<tr height="20">
<td width="64" height="20"></td>
<td width="446">Suburbs/Localities</td>
<td width="64">Postcode</td>
<td width="145">Mean Taxable Income ($)</td>
</tr>
<tr height="20">
<td height="20">1</td>
<td>Gwabegar</td>
<td><a target="_blank" href="/news">2356</a></td>
<td align="right">22,993</td>
</tr>
<tr height="20">
<td height="20">2</td>
<td>Delungra/Gragin/Myall Creek</td>
<td><a target="_blank" href="/news">2403</a></td>
<td align="right">23,768</td>
</tr>
<tr height="20">
<td height="20">3</td>
<td>Perisher Valley</td>
<td><a target="_blank" href="/news">2624</a></td>
<td align="right">24,221</td>
</tr>
<tr height="20">
<td height="20">4</td>
<td>Norfolk Island</td>
<td><a target="_blank" href="/news">2899</a></td>
<td align="right">24,350</td>
</tr>
<tr height="20">
<td height="20">5</td>
<td>Ashford/Atholwood/Bonshaw/Limestone/Pindaroi</td>
<td><a target="_blank" href="/news">2361</a></td>
<td align="right">25,368</td>
</tr>
<tr height="20">
<td height="20">6</td>
<td>Aberdeen/Baker's Creek/Bundarra/Camerons Creek</td>
<td><a target="_blank" href="/news">2359</a></td>
<td align="right">25,556</td>
</tr>
<tr height="20">
<td height="20">7</td>
<td>UNSW Sydney</td>
<td><a target="_blank" href="/news">2052</a></td>
<td align="right">26,246</td>
</tr>
<tr height="20">
<td height="20">8</td>
<td>Callaghan/Newcastle University</td>
<td><a target="_blank" href="/news">2308</a></td>
<td align="right">26,720</td>
</tr>
<tr height="20">
<td height="20">9</td>
<td>Koraleigh</td>
<td><a target="_blank" href="/news">2735</a></td>
<td align="right">27,551</td>
</tr>
<tr height="20">
<td height="20">10</td>
<td>Speewa</td>
<td><a target="_blank" href="/news">2371</a></td>
<td align="right">28,033</td>
</tr>
</tbody>
</table>
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Student dominated university postcodes sits amid lowest earning postcodes in NSW

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The Australian Tax Office has released detailed data from the 2010-2011 financial year. Property Observer has reviewed the taxation statistics report to find the ten highest earning postcodes in New South Wales.
<table style="width: 470px;" cellspacing="0" cellpadding="0" border="0">
<colgroup>
<col width="64">
<col width="446">
<col width="64">
<col width="142">
</colgroup>
<tbody>
<tr height="20">
<td width="64" height="20"></td>
<td width="446">Suburbs/Localities</td>
<td width="64">Postcode</td>
<td width="142">Mean taxable income ($)</td>
</tr>
<tr height="20">
<td height="20">1</td>
<td>Darling Point/Edgecliff/Point Piper/HMAS Rushcutters</td>
<td><a href="/news">2027</a></td>
<td align="right">170,114</td>
</tr>
<tr height="20">
<td height="20">2</td>
<td>Mosman/Spit Junction</td>
<td><a href="/news">2088</a></td>
<td align="right">136,751</td>
</tr>
<tr height="20">
<td height="20">3</td>
<td>Hunters Hill/Woolwich</td>
<td><a href="/news">2110</a></td>
<td align="right">136,550</td>
</tr>
<tr height="20">
<td height="20">4</td>
<td>Dover Heights/HMAS Watson/Rose Bay North/Vaucluse/Watsons Bay</td>
<td><a href="/news">2030</a></td>
<td align="right">133,892</td>
</tr>
<tr height="20">
<td height="20">5</td>
<td>Bellevue Hill</td>
<td><a href="/news">2023</a></td>
<td align="right">130,503</td>
</tr>
<tr height="20">
<td height="20">6</td>
<td>Northbridge</td>
<td><a target="_blank" href="/news">2063</a></td>
<td align="right">122,075</td>
</tr>
<tr height="20">
<td height="20">7</td>
<td>Woollahra</td>
<td><a target="_blank" href="/news">2025</a></td>
<td align="right">119,946</td>
</tr>
<tr height="20">
<td height="20">8</td>
<td>Coasters Retreat/Great Mackeral Beach/ Palm Beach</td>
<td><a href="/news">2108</a></td>
<td align="right">110,066</td>
</tr>
<tr height="20">
<td height="20">9</td>
<td>Double Bay</td>
<td><a href="/news">2028</a></td>
<td align="right">108,807</td>
</tr>
<tr height="20">
<td height="20">10</td>
<td>East Killara/Killara</td>
<td><a href="/news">2071</a></td>
<td align="right">103,254</td>
</tr>
</tbody>
</table>
</body></html>

Postcode 2027 tops New South Wales' 10 highest earning suburbs

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A four-bedroom terrace on Ocean Street Woollahra was the second most expensive sale across Australia last week, selling at auction for $3.8 million, according to RP Data.
The 1890s Victorian terrace is situated on a 400-square-metre block and last sold for $2.18 million in 2004.
The home has been restored and refurbished with interiors by Patricia Stewart Design and features three upstairs bedrooms and a coach house with guest studio.
The property boasts a travertine entertainer’s terrace with a built in BBQ and manicured gardens.
Double-glazing protects the home from the commotion of busy Ocean Street.
The property was sold at auction on April 23 by Jane Schumann and Gary Sands of <a href="https://www.dijones.com.au/794010/" target="_blank">Di Jones Real Estate.</a>
The highest recorded house price in Woollahra for the past 12 months was $10.75 million for a property at 20 Roslyndale Avenue in April last year.
The much reported <a target="_blank" href="https://www.propertyobserver.com.au/residential/unrenovated-premium-albert-park-terraces-yield-21-higher-than-2008-with-three-consecutive-weekend-offerings/2013042760793">Albert Park result</a> was the week's top auction result. 
The top 10 most expensive sales across Australia last week were
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/77_st_vincent_place_albert_park_vic_3206/9183484">77 St Vincent Place, Albert Park, VIC, 3206</a>, eight-bedroom house, sold at auction on April 27 by Cayzer Real Estate Albert Park for $4.008 million
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/111_ocean_street_woollahra_nsw_2025/7740609">111 Ocean Street, Woollahra, NSW, 2025</a>, four-bedroom house, sold at auction on April 23 by Di Jones Real Estate for $3.8 million
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/26_albyn_road_strathfield_nsw_2135/6478334">26 Albyn Road, Strathfield, NSW, 2135,</a> five-bedroom house, sold at auction on April 27 by George Ellis &amp; Co Real Estate for $3.2 million
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/49_bungan_head_road_newport_nsw_2106/4869040">49 Bungan Head Road, Newport, NSW, 2106</a>, five-bedroom house, sold on April 24 by L J Hooker Avalon for $3.25 million
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/22_fitzroy_avenue_balmain_nsw_2041/1255406">22 Fitzroy Avenue, Balmain, NSW, 2041</a>, three-bedroom house, sold at auction on April 27 by Belle Property Balmain for $2.4 million
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/123_ocean_street_narrabeen_nsw_2101/4744100">123 Ocean Street, Narrabeen, NSW, 2101</a>, five-bedroom house, sold at auction on April 27 by L J Hooker Collaroy for $2.35 million
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/84_ramsgate_avenue_bondi_beach_nsw_2026/1524239">84 Ramsgate Avenue, Bondi Beach, NSW, 2026</a>, five-bedroom house, sold at auction on April 27 by McGrath Estate Agents for $2.23 million
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/109_esplanade_williamstown_vic_3016/13818960">109 Esplanade, Williamstown, VIC, 3016</a>, four-bedroom house, sold at auction on April 27 by Williams Real Estate Williamstown for $2.2 million
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/38_hopetoun_street_paddington_nsw_2021/5268950">38 Hopetoun Street, Paddington, NSW, 2021</a>, three-bedroom house, sold prior to auction on April 27 by McGrath Estate Agents for $2.1 million
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/3_napier_street_drummoyne_nsw_2047/2125752">3 Napier Street, Drummoyne, NSW, 2047</a>, three-bedroom house, sold at auction on April 27 by Cobden &amp; Hayson Balmain for $2.05 million.
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1890s Victorian terrace in Woollahra second most expensive auction across Australia last week: RP Data

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Embattled coal baron Nathan Tinkler looks set to sell the remainder of his prized Patinack stud farm empire if chatty comments made at Doomben racetrack at the weekend are to be believed.
Tinkler told on-course interviewer Wayne Wilson that his racing and stud farm holdings would be sold “within weeks” and he would walk away with a heavy heart, according to a report by Sunday Telegraph horse racing journalist Mark Oberhardt. Not one usually keen to talk openly about his plans, Tinkler claimed a lot of people were interested in buying the Patinack Farm operation, where he has invested around $500 million over the past six years.
Since acquiring <a target="_blank" href="https://www.propertyobserver.com.au/leisure/nathan-tinkler-s-decision-to-list-patinack-farm-suggests-financial-desperation-cara-waters/2013040360151">Patinack Farm</a> in 2007, Tinkler has expanded its breeding operations, acquiring and developing 404 hectares of land at Benobble, near Canungra, Queensland including the adjoining famous polo property Elysian Fields in 2011.
Patinack Farm’s NSW holdings include a prime 1,500 hectare Richmond Grove rural property formerly known as Manado (later called ‘Collingrove’ in the 1980s), overlooking what was once home to the Giants Creek and Denman vineyards of Rosemount Wines.
At the end of February, Fairfax Media reported that Tinkler had sold Caulfield Guineas winner All Too Hard and his prized Patinack Farm Aberdeen for around $30 million to Vinery Study, part owned by Gerry Harvey and Black Caviar's owner Neil Werrett.
 
 
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Nathan Tinkler hints trackside that remainder of Patinack Farm empire will soon be sold

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The Leppinus family have sold their Centennial Park residence for a reputed $6 million in an off-market deal through Ballard Property Group.
The 746 square metre Lang Road property last sold at $575,000 in 1986.
It was available briefly on a short term <a href="https://www.domain.com.au/ore/Public/Gallery/Photo.aspx?adid=2593082&amp;pic=3&amp;mode=Rent&amp;st=1" target="_blank">$5000 a week rental</a> in 2011.
Lang Road sale prices have hit $8.2 million. The road's last sale was $5.2 million in 2010.
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