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

Goldfields sets the stage as Quartet Milton launches

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

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

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

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

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

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

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

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

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

Every First Home Owner Grant for new property by state

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

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

Staff Writer

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

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

alisonwarters@gmail.com

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

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

Ellen Walker

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

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Offshore buyers are increasingly active in the underpinning of Mosman's property revival.
The latest sale is $9 million on Burran Avenue on <a href="/news">Balmoral </a>slopes to mainland Chinese buyers. The house (pictured above) was described as "an inspirational Susan Rothwell design with views that range from Manly, North Head, Dover Heights, Middle Head, Grotto Point and Balmoral Beach."
<a href="https://www.randw.com.au/405631/" target="_blank">"It's the ultimate lifestyle statement," </a>the marketing said.
Another recent sale was $12.8 million. Last year Property Observer revealed <a href="https://www.propertyobserver.com.au/new-south-wales/chinese-buyers-playing-property-pick-a-box-but-record-mosman-price-unlikely/2012030653723" target="_blank">it was a Chinese buyer who topped recent Mosman 2012 sales</a>, spending $20 million on retired car dealer Laurie Sutton’s 5154-square-metre Bay Street Mosman holding – the suburb's largest harbourfront estate. It was bought by Ying Li.
The brothers Richard and Robert Simeon, from Richardson &amp; Wrench Mosman, have been dealing with increasing numbers of Chinese buyers agents since 2009 when it comes to the marketing of prestige <a href="/news">Mosman</a> property.
Prestige agents have noted the stars have well and truly aligned for Asian buyers wanting to invest in Australian residential projects.
The most recent development has been the introduction of “golden ticket” visas aimed at fast-tracking wealthy Asian investors’ entrance into Australia with a provisional four-year visa followed by the opportunity to apply for permanent residency.
The new Significant Investor Stream Visa (as it is officially known) requires an investment of at least $5 million in state or territory bonds; an ASIC-regulated managed investment fund; or a direct investment in an Australian company, which would include investments in commercial property backing a business such as a hotel or lodge.
The visa allows immigrants to skip skilled migration requirements such as being proficient in English and requires immigrants spend a minimum of just 40 days a year in Australia over the four-year visa period.
There is also no upper age limit, and the main applicant does not have to meet the business points test.
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Chinese buyer surge in Mosman prestige sales 

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It was 1997 when actor Claudia Karvan bought at <a target="_blank" href="/news">Bondi Beach</a>, paying $285,000 for her apartment.
As she now resides at her <a target="_blank" href="/news">Redfern </a>warehouse with her husband and children, the Bondi pad has been listed for February 28 auction.
It's been described as "more like a semi in layout and ambiance" by its marketing agent Mary Anne Cronin and Sam Ryba at Raine &amp; Horne Bondi Beach.
<a target="_blank" href="https://www.domain.com.au/Property/For-Sale/Apartment-Unit-Flat/NSW/Bondi-Beach/?adid=2010249102">The two-bedroom Art Deco apartment </a>with decking is set on the top floor of a block of four on Beach Road.
Before Karvan's purchase the flat had previously traded at $235,000 in 1995; $165,000 in 1991 and $85,000 in 1987.
It comes with one car space.
Title Tattle stumbled across the listing before its first Saturday open for inspection, but based on recent sales the agents are suggesting $800,000 plus, but will value your feedback.
The neighbour's <a target="_blank" href="https://www.bresicwhitney.com.au/real-estate/id/property/6637/bondi-beach/4-42-beach-road/#top">sold for $985,000 in 2010 </a>through Seaton Jones at BresicWhitney.
It had previously sold at $650,000 in 2003 and at $387,000 in 1999 and at $182,000 in 1992.
The apartment size is 101 square metres including the deck.
The block's last sale was $805,000 last May on the ground floor.
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Actor Claudia Karvan lists her Bondi Beach apartment

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{qtube vid:=q3W5oGX70dk&amp;list=UU2ZDnSzVkgtP5qVMRDXLpCQ}
In our Purchase or Pass segment this week Chris Gray is joined by Arthur Charlaftis, the general manager of Realestate.com.au, to check out another potential investment property in the inner city.
<img alt="fletcherst" height="353" width="470" src="/images/stories/2013/01/fletcherst.jpg">
It’s a two-bedroom, one-bathroom unit with a garage in a security block of 18 units. It is <a href="/news">7.3 kilometres from the CBD</a> and less than one kilometre from the heart of two neighbouring suburbs. It’s recently been transformed by a designer renovation, so there is nothing to do. The unit is at the rear of the unit block and all rooms open up to a quiet and leafy balcony. The block has an outdoor pool and strata fees are approximately $1,000 per quarter.
Chris Gray: So what are your initial thoughts there, Arthur?
Arthur Charlaftis: So Chris I was going to ask you, it’s a large block, and I know you do a lot of work on these sort of developments, so what’s your view on large blocks?
Chris: I’ve never really been a fan of large blocks, the main thing is it’s just really hard to get decisions made and generally there’s the lifts, pools, gyms and all that sort of thing. On a positive note, there’s always a grey area. This is only 18 units, so it’s not that much more than the normal 12 I would usually go for. It’s not a high rise, it’s a walk up, so you generally don’t get all those cars. Something like that I’m not overly fussed about, I could get over that. 
Arthur: Do you think that, in terms of the balcony and the multiple access, or different entries, do you think that helps?
Chris: Oh, that’s absolutely perfect. So many people these days want to live in a house but can’t afford it. This is $740,000 and you only get a two-bedroom unit, so if you get some outdoor living, it’s perfect.
Arthur: What about the strata fees? I noted they’re $1,000 per quarter. That seems high, what would you expect to pay?
Chris: I guess the pools another thing that’s in there. This pool I don’t mind too much, it’s an outdoor pool, it probably wouldn’t be heated, it would be low maintenance versus one with a jacuzzine and life guards and all that sort of jazz. The strata fees are expensive, normally we would be paying $600 to $700. Again, it’s not the worst thing in the world, but it’s definitely up there. You really have to look at what your money is paying for there.
Arthur: I think the other thing this one is already renovated, so again, if you have an investor who wants to pick something up and put straight into rental, it’s got a pretty good return. If it’s someone who wants to add some additional value, it’s going to be pretty hard to do. 
Chris: There’s always pros and cons so it always depends on that individual person. What are your thoughts, purchase or pass on this one?
Arthur: I would probably pass. It has a couple of things that would probably sway me against it.
Chris: My thoughts are pretty similar. I think this is a very appealing unit and easy for people to fall in love with because it’s already been renovated. There are a number of potential negatives, with it big a big block, having a pool, no chance of adding value and high strata fees. Individually I can get over all of those issues, but add it together, all in one unit, I think it’s too many downsides. While I have looked at buying in this block, on this occasion I’m going to say pass.
Property Observer notes the property sold for $740,100 in December and has an asking rent of $850 a week. This offers a rental yield of 6%.
It last sold in 2009 for $595,000.
 Chris Gray is a buyers' agent at <a href="https://www.yourempire.com.au/">Empire</a>. He is host of Your Property Empire on Fridays on the Sky News Business Channel.
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Pass or Purchase: A two-bedroom Bondi unit

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Four of the recently renovated apartments in the  <a href="https://www.realestate.com.au/property-apartment-nsw-bellevue+hill-112462191" target="_blank">Bellevue Hill 1950s block Baxter </a>– complete with retro kitchens and period-style bathrooms – have sold prior to its February launch.
Located at 85 Drumalbyn Road, the most expensive two-bedroom apartment sale to data has been $985,000.
The other three sold apartments ranged from $695,000 and $900,000.
The remaining five two-bedroom apartments and one studio are available from $755,000 to $785,000.
Deemed to be a good example of the International Style with Abstract Modern style influences, <a href="https://mondell.com.au/projects/current/bellevue-hill--baxter" target="_blank">Mondell Property Group </a>bought the 1950s retro apartment complex in late 2011 for $4.4 million.
<img alt="baxter" height="353" width="470" src="/images/stories/2013/01/baxter.jpg">
The developers spent $350,000 plus on refurbishing the 10 apartments under the watchful interior design by SJB designers.
It was architect LT Rayney who purchased the block of land in 1957 as a personal investment and then constructed the residential flat building in 1958.
Laurence Rayner had graduated in architecture from the Technical University of Budapest in 1934. His father had been a master builder and his uncle an architect.
While his architectural education did not focus on the emerging Bauhaus movement, Rayner reportedly admired Hungarian contemporaries who came to Sydney, including Emery Balint and George Molnar.
Anticipating the start of WWII, Rayner emigrated to Australia in 1939 and worked with Cyril Ruwald in Sydney with some initial projects including pubs for Tooth's Breweries.
In 2005, the <a target="_blank" href="/news">Woollahra</a> Council commissioned an assessment of the building to assess whether the building had potential heritage significance.
The assessment was completed by restoration architect Clive Lucas, who said the building had some local heritage significance but no state heritage significance. 
“The building is an interesting example of modernist design; however it is not of sufficient significance to warrant listing on the Woollahra LEP,” said Lucas.
Chris Russell from Mondell Property Group says he expects the remaining apartments to sell at the weekend launch.
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Late 1950s International Style Bellevue Hill restored beauty

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A 1962-built award winning architectural home designed by Russell Jack of Allen Jack + Cottier in Wahroonga has been listed for sale.
Built in the Sydney School style, with references to Frank Lloyd Wright, it was the 1963 winner of the Wilkinson Award for outstanding architecture.
Built to be at one with nature, it is set among landscaped gardens, with fragrant shrubbery, ornamental features, mature Japanese maples and sweeping lawns.
There are also internal courtyards at the house set on<a target="_blank" href="https://www.jenniferaaron.com.au/property/100211-'jacobs-house'-36-cleveland-street"> a 1,534-square-metre Cleveland Street block</a>.
It is for sale with a price expectations of $2 million plus through Jennifer Aaron Real Estate, with offers due by March 7.
'It's truly one of the North Shore's most remarkable residences," Jennifer Aaron said, adding it was in immaculate condition.
"This original Russell Jack home is an exceptional example of the renowned Sydney School," she said.
The north-facing, one-level pavilion-style home has a master bedroom with built in robes and an ensuite, with a separate shower opening to a private courtyard atrium.
Details throughout the four bedroom house include western red cedar cathedral ceiling in the formal living room, clerestory windows and skylights.
It last sold in 1988 for $710,000.
It was elsewhere in <a href="/news">Wahroonga </a>where the architect built in 1956 for himself, with <a target="_blank" href="https://www.architecture.com.au/emailnews/national/Heritage/NSW-Jack-House.pdf">the three-bedroom Boundary Road bungalow </a>that won the Sulman Medal a year later, remaining in his family until 2009 when sold for $1.06 million. 
In 2010 a proposed two storey pavilion at the neighbouring Boundary Road property was refused by planning authorities as likely to have an adverse impact on the heritage significance and setting of the adjoining heritage item.
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NSW Wilkinson-winning Russell Jack-designed Wahroonga home listed for sale

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A NSW inquiry into building company collapses has recommended the adoption of Queensland-style regulatory model, including the establishment of a construction industry trust to ensure sub-contractors get paid first should a construction company collapse.
The trust would hold all payments due to a head contractor, sub-contractors, sub-subcontractors and suppliers and be required for all projects valued above $1 million. Sub-contractors would be paid first before head contractors while there would be “no point at which the funds may be ‘scooped’ by the bank.
The final report prepared by Bruce Collins, QC, also recommends the creation of a single statutory and autonomous body, the NSW Building and Construction Authority, modelled along the lines of the Queensland Building Services Authority, which would undertake all of the administrative oversight, regulatory and operational responsibilities currently undertaken by different regulatory bodies.
Under the current system of regulation in NSW, the Office of Fair Trading deals with the regulation of contracting and industry licensing, policy is created by the Building Regulations Advisory Council (BRAC) and disputes handled by the Consumer, Trader and Tenancy Tribunal (CTTT).
In all, there are 44 recommendations made by Bruce Collins, QC in his lengthy, final report following a three month independent inquiry.
Other recommendations include a strengthened security of payments scheme and a licensing system for all commercial builders and construction contractors, which would limit participation to projects with demonstrated financial backing and licensed accreditation.
“The first key role of the NSW Building and Construction Commission will be to establish a licensing system which requires all builders and construction contractors operating in the commercial building sector to qualify within a particular graduated licence category according to the net financial backing they are able to demonstrate, in respect of proposed projects,” says Collins.
“The result will be that the work of builders and construction contractors will be restricted to the category of project value for which they have demonstrated financial backing and licenced accreditation.”
The second key role of the proposed new commission would be the financial monitoring and auditing of the accounts and financial affairs of all builders and contractors in NSW, including a “formal set of standard financial and accounting requirements”.
Collins notes in his introduction, that it is “rare to find unanimity upon any issue in a chattering society such as ours, however all those who gave evidence to the Inquiry from all sections of the industry with the exception of the Housing Industry Association (HIA) agreed that it was an essential part of any reform package to bring in a licensing model and regulatory structure along the Queensland lines”.
He notes that the HIA’s views on the Queensland model are “largely shaped by the opposition to the insurance role being included in the model”.
In its submission to the inquiry, the HIA claims the “Queensland Building Services Authority (QBSA) is fundamentally flawed” and says its various functions should be separated.
“The QBSA’s one-stop-shop structure with its multiple functions creates significant opportunities for internal conflicts of interest thereby exposing both the customers of the building industry and licensees to unjust outcomes from their dealings with the Authority,” says the HIA.
Instead, the HIA recommends the creation of a policy body that can take a “whole of government” approach to regulation of the industry.
The establishment of the NSW Building and Construction Authority has the support of the NSW Building Professionals Board, the Master Builders Association and the Building Regulations Advisory Council among others.
The building industry inquiry was instigated by NSW finance minister Greg Pearce in August last year, following the rising number of construction company collapses over the last three years which is estimated to have left thousands of suppliers and subcontractors more than $1 billion out-of-pocket.
High-profile <a target="_blank" href="https://www.propertyobserver.com.au/industry-news/liquidator-appointed-for-collapsed-nsw-builder-reed-construction/2012071155520">building firm collapses</a> last year included Reed Construction, 100-year old firm Kell &amp; Rigby, St Hilliers Construction, Baseline Constructions and <a target="_blank" href="https://www.propertyobserver.com.au/industry-news/nahas-construction-latest-aussie-home-builder-to-enter-administration/2012112057964">Nahas Construction</a>.
“The Queensland model presents the only solution to the problem of preventing insolvency in the first place.  The construction trust is important because it operates in a remedial manner after insolvency has begun to cause its problems,” says Collins.
“The inquiry cannot place too much emphasis upon that vital conclusion,” he adds.
“The most effective way to ensure a healthy industry is to ensure the healthy condition of those who aspire to participate in the industry.  That is what is done in Queensland and it is there that it has had its effect upon reducing the number of disastrous insolvencies in the building and construction industry."
The full list of 44 recommendations contained in the report, which is subject to public consultation until February 21, can be <a target="_blank" href="https://www.services.nsw.gov.au/updates/independent-inquiry-construction-industry-insolvency">downloaded from the NSW Department of Finance and Services website</a>.
“We now need to carefully work through the reforms in consultation with those stakeholders and the public,” commented NSW finance minister Greg Pearce following its release.
The NSW government has prepared separate consultation papers on <a target="_blank" href="https://www.services.nsw.gov.au/updates/independent-inquiry-construction-industry-insolvency">statutory construction trusts and the licensing of commercial builders</a>, which are available for public consultation by February 21.
  
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NSW building inquiry recommends construction trusts to protect sub-contractors

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 The rare opportunity to purchase land on a golf course has arisen in Byron Bay, with an asking price over $1 million.
<img src="/images/stories/2013/01/broken.jpg" width="470" height="313" alt="broken">
Located on Broken Head Road, the north-western corner of the 18-hole course comes with approval for a three-lot subdivision.

<img src="/images/stories/2013/01/broken2.jpg" width="470" alt="broken">
To entice potential buyers, the successful purchaser will receive a one year free club membership valued at $850.

<img src="/images/stories/2013/01/broken3.jpg" width="470" alt="broken">
The 2.35-hectare property – to be sold as one lot – will also come with a buggy track to the land.

<img src="/images/stories/2013/01/broken4.jpg" width="470" alt="broken">
Located five kilometres south of the CBD, the<a href="/news"> Byron Bay</a> golf course is situated opposite The Byron at Byron Resort and Spa.

“How many other blocks of this size with privacy do you know of on a golf course, 500 metres to the beach and only minutes from town?” says the secretary manager of the club, Peter Swaby.

The land went to market late November and is being sold by <a target="_blank" href="https://www.byronbaypropertysales.com.au/index.cfm?pagecall=property&amp;propertyID=2244896&amp;realestate=62_Broken_Head_Road_BYRON_BAY_NSW_2481">Jeremy Bennett from Byron Bay Property Sales.</a>

Offers close February 18.
 
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Rare opportunity to purchase Byron Bay golf course land

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 The scaffolding at Darlinghurt’s newest residential development – Dominion – is starting to come down to reveal the structure.
<img src="/images/stories/2013/01/dominion3.jpg" width="470" height="313" alt="dominion3">
While construction has been underway since early 2011, some 80% of the apartments have sold totalling around $100 million.
Dominion – developed by Cbus Property - will consist of 108 apartments split across three buildings, each seven levels high.

The triangular 4,537-square-metre <a href="/news">Darlinghurst </a>site was previously home to the Caritas health care facility for 140 years.
<img alt="dominionnew" height="388" width="470" src="/images/stories/2013/01/dominionnew.jpg">
It is surrounded by Forbes, Burton and Bourke Streets and sits opposite the Darlinghurst Goal, now home to the National Arts School.

The heritage elements of the former site have been restored and reused, including an internal courtyard.

Designed by Group GSA architects, the development will boast sandstone walls, grand gates and palisade iron fencing.

“Dominion is in a culturally significant heritage precinct so we are using traditional, precious materials – but in a progressive way,” says Mark Percy, executive manager of Cbus Property.

Work started on the development in early 2011 and is scheduled for a May 2013 completion date.

Colliers International says the location has been a major selling feature.

“We’re not surprised by the breadth of enquiry for Dominion,” says David Chittenden, director of residential projects at NSW Colliers International.

“Darlinghurst is a popular and cosmopolitan suburb attracting residents through its exciting and convenient lifestyle, cutting-edge fashion boutiques, restaurants, concept stores and sporting and recreational facilities.”

Some 25 apartments out of the 108 are still available and range from two-bedroom to three-bedroom.

The two-bedroom apartments start from $1.2 million and range from 85 square metres to 135 square metres and contain an eight-square-metre balcony.

The three-bedroom apartments start from $1.79 million and range in size from 120 squares metres to 203 square metres and offer balconies from 20 square metres to 60 squares metres.

Colliers International says many of the purchasers have come from the eastern suburbs and the north shore and around 15% of buyers have been from overseas, including several expats.
The $150 million 4,500-square-metre mixed-use development was being developed jointly by St Hilliers and Cbus Property.
When St Hilliers was under financial pressure in mid-2012 it sold out its 50% interests in the Dominion project to its joint venture partner Cbus Property. Cbus Property is now the sole developer/financier/owner.
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Darlinghurst's newest residential development Dominion revealed

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I think it would be fair to say that nobody enjoys blogs where the blogger includes the words "I told you so", but y'know what...
It's true that I've been harping on about this for far too long now, but the most resilient market in Australia was always going to be Sydney's broad middle market.
As reported in <a href="https://propertyupdate.com.au/what-will-happen-to-the-top-end-of-our-property-market-in-2013/" target="_blank">this article here</a>, Sydney's broad middle market is the only sector of Australia's property markets to be at all-time high prices, which is what I have been suggesting on this blog for well over the past year.
Of course, the cheap low-demand sectors of the Sydney market have not performed so well and the top end of the market has also eased, as one would expect given the share market correction and low confidence we have experienced.
But the broad middle sector of that market continues to power along.
It's more than half a decade now since the real scaremongering began in Australian property, but in spite of all the predictions of wider market crashes most markets are well ahead of where they were at that time. Prices in Sydney and Melbourne have raced ahead since Professor Steve Keen's infamous "prices will crash by 40%" call meaning that prices are simply a mile away from where he said they would be.
It seems to be increasingly common for housing market bears to make sweeping statements about markets tumbling that generally imply that all property markets will inevitably crash andall people who invest in property are greedy and unethical landlords.
The first part is wrong. Experienced investors tend to do well even when some markets are tanking, in particular by investing in those properties which are in the highest demand, and often those close to median prices.
The second part is formed around the argument that property should be for shelter (unquestionably true) and therefore greedy landlords should not invest in property. I'm not really sure how that works and who would then own the properties for the rental market, so I'll leave others to debate that.
It's continually overlooked that it is not only "greedy" investors who push up property market prices - it is also "greedy" home-buyers, the category which presumably those praying for a crash ultimately hope to be in.
This is the invisible hand of capitalism at work - supply versus demand. Some property markets where demand is low and appetite for debt weak will continue to fall in price in 2013. But in the popular suburbs of cities such as Sydney? I wouldn't be holding my breath for any major super-correction.
As for being bearish Sydney's broad middle market back then with the population of the city growing at a stonking 60,000 people per annum and appropriate developments rarely seeming to come online, to nab the phrase of one witty forum contributor: "That was like shorting oxygen."
Pete Wargent holds a range of finance and property qualifications and is the author of <a href="https://petewargent.blogspot.com.au/" target="_blank">Get a Financial Grip – a simple plan for financial freedom.</a>
Marrickville picture by Brian Yap, courtesy of <a target="_blank" href="https://www.flickr.com/">Flickr</a>.
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Sydney's middle property market continues to power along: Pete Wargent

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Tanderra, one of Sydney’s few remaining houseboats, now comes with confirmed $1 million expectations.
<img width="470" src="/images/stories/mosman/mosman.jpg" alt="mosman">
It's one of the 32 houseboats that moored in Middle Harbour near The Spit at Pearl Bay before, and then through the 1930s Depression.
Now there are just four.
A Mosman heritage study said the houseboats were "rare examples of a now unconventional form of living still in use".
The 2012 auction campaign – which evoked Sleepless in Seattle and Chocolat houseboat portrayals – and for those with longer memories Sophia Loren and Cary Grant's romantic 1959 movie Houseboat - was interrupted after technical issues with the Roads and Maritime Services lease.
It has 38 years left in its 40 year lease.
The three-level houseboat is classified as a permanent residential structure with long-standing existing use rights.
<img src="/images/stories/2012/07/houseboat2.jpg">
Its use rights give the new owner the ability to resubmit architect-designed plans or submit their own plans to finish Tanderra’s 310-square metre redevelopment into a luxury residential dwelling.
<img src="/images/stories/2012/07/houseboat.jpg">
Property Observer reported on the <a href="https://www.propertyobserver.com.au/new-south-wales/tanderra-the-middle-harbour-house-boat-%E2%80%93-that-dates-back-to-the-1920s-%E2%80%93-has-been-listed-for-auction/2012070455433">earlier listing in July</a>. And a vendor bid of $700,000 was made at its December auction.
There was controversy last year, when the Mosman deputy mayor Simon Menzies suggested it should be "towed out to sea and sunk" given its was a visual eyesore.
“It is visual pollution in one of Sydney’s most picturesque bays,” he said.
<img height="313" width="470" src="/images/stories/mosman/more_mosman.jpg" alt="more_mosman">
Its vendor Maureen Young, now wanting to spend more time with her family in England, paid about $150,000 in 1983 to its then owner, adman John Singleton and then she rebuilt the 65-tonne pontoon.
Four years after Singleton sold Tanderra to Young, he bought another Pearl Bay houseboat for about $200,000. Named Spec, Singo's second houseboat had a two-storey residence designed and crafted by yachtsman Ian Kiernan. In 1989, Singleton sold Spec for $560,000 to a group of barristers.
The Tanderra houseboat is being sold by <a target="_blank" href="https://www.realestate.com.au/property-other-nsw-mosman-112300703">Sandie Dunne from Harcourts Dunne Mosman</a>. The renovation is mooted to cost about $600,000.
{module Houseboat}
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