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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The last vacant residential beachfront land disposal on Sapphire Beach in Coffs Harbour has prices ranging from $269,000 hillside to $1.2 million beachfront. 
<img height="353" width="470" src="/images/stories/2012/12/sapphire.jpg" alt="sapphire">
Sapphire Beach is rife with big names, including mining magnate <a target="_blank" href="/news">Nathan Tinkler</a>, who purchased Noorinya on a headland for $11.5 million.
<img height="353" width="470" src="/images/stories/2012/12/sapphire3.jpg" alt="sapphire">
Stockland’s David Pitman and ABN AMRO’s Simon Perrott purchased oceanfront properties on the next headland just along from the new estate.
The 14 beachfront lots and 25 hillside lots – released in June 2011 – range from 472 square metres to 904 square metres.
<img height="353" width="470" src="/images/stories/2012/12/sapphire4.jpg" alt="sapphire">
Sapphire Beach Estate is located on oceanfront drive at 740 Pacific Highway – eight minutes north of the city of Coffs Harbour.
Many of the lots boast panoramic island and ocean views.
<img height="353" width="470" src="/images/stories/2012/12/sapphire4.jpg" alt="sapphire">
“The topography, vegetation and stunning ocean and beach outlook are the perfect canvas for a distinctive and contemporary coastal community,” says director of architectural firm Cox Richardson Philip Graus.
<img height="353" width="470" src="/images/stories/2012/12/sapphire5.jpg" alt="sapphire">
“A aspect of this estate comes from the work the developers have done to meet planning legislation for coastal development.”
“All lots are north- or north-east facing and are protected from strong winds. The southerlies go straight over the top because of the headland,” says agent from Real Estate of Distinction Peter Stone.
<img height="353" width="470" src="/images/stories/2012/12/sapphire6.jpg" alt="sapphire">
“I would expect these lots to double in value in five years,” Stone says.
“I have had an unprecedented amount of interest from Queensland in particular over the past couple of months,” says Jason Burnett from The Edge Coffs Harbour.
“Obviously we are hoping to see some sales from these enquiries over the school holiday period,” says Burnett who's hoping for the first sale over the summer break.
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Sapphire Beach hopes to secure summer holiday makers with cheque books

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The Solitary Islands Beach House on Sapphire Beach, Coffs Harbour, has become highly recommended since completed in March 2010.
The property has been acknowledged in the Top 10 A-list celebrity retreat homes in Australia by Ninemsn Luxury and Spa, as well as finding a spot in the Top 10 best holiday houses in Australia by Ninemsn Australia Travel.
No names of any occupants though.
Situated on Beachfront Close, <a href="/news">Sapphire Beach</a>, the Solitary Islands Beach House can sleep up to eight to 12 guests.
With two tennis courts, a whale watching telescope and an infinity edge pool, you won’t be short of activities.
And keep your eyes peeled, Sapphire Beach also plays host to mining magnate <a href="/news">Nathan Tinkler’s $11.5 million Noorinya residence.</a>
The 523-square metre property is available to rent from January 22 with a minimum five-night stay.
Late January comes with a price tag of $8,400 for a seven-night stay.
If you choose to stay from Sunday to Thursday, you can expect to pay $1,200 a night and $2,400 for a Friday or Saturday night.
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Countdown to summer: Solitary Islands Beach House

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The proposed 300-metre long bridge over Homebush Bay, linking the Sydney suburbs of Rhodes and Wentworth Point, near Sydney Olympic Park, has moved closer to realisation, although the developers are now seeking 1,300 further dwellings on top of the original 7,000-dwelling proposal.
The proposed two-lane bridge would be used by <a target="_blank" href="https://majorprojects.affinitylive.com/public/96599e350f6a1307c313c9850d0941f5/Homebush%20Bay%20Bridge%20-%20Preliminary%20Environmental%20Assessment%20Report.pdf">pedestrians, cyclists, public buses</a>, with no access proposed for private vehicles.
The bridge, which would link Gauthorpe Street at Rhodes with Footbridge Boulevard at <a target="_blank" href="/news">Wentworth Point</a>, has been up for public consideration since late 2010.
<img src="/images/stories/2012/12/homebushbridge.jpg">
The bridge is set to become a focal point of Homebush Bay, peaking at 9.2 metres, and is designed to save Wentworth Point residents the current 12-kilometre round trip to Rhodes to access shops, office employment and the railway station.
The project is proposed by Fairmead Business Proprietary Ltd, a consortium formed by Wentworth Point landowners including Billbergia Group, Sekisui House Australia, City Freeholds and Homebush Bay Holdings, directed by the Nasser brothers.
The New South Wales Department of Planning and Infrastructure last week invited public feedback on the now accompanying proposal for additional housing at Wentworth Point.
The department is seeking feedback on a proposal to increases the densities and heights within the development controls officially known as the Homebush Bay West Development Control Plan (DCP).
The changes seek four towers of 25 storeys to be built, with eight surrounding towers of between 16 and 20 storeys.
The current height limits on the site are limited to eight to nine storeys.
The additional floor space is proposed to fund the bridge between Wentworth Point on the west side of Homebush Bay and the Rhodes peninsula on the east, which would be completed by 2016.
<img src="/images/stories/2012/12/homebushbridge2.jpg">
A total of 68 submissions were received during the public exhibition period for the bridge's environmental assessment, with 55 submissions identified as supporting the proposal.
Consideration for future light rail was sought from Parramatta City Council, which has been developing a light rail concept for Western Sydney including a potential corridor from Parramatta to Concord via Wentworth Point/Rhodes.
 The proponents noted the bridge had suitablity for possible future conversion to light rail.
The bridge agreement will requires the develop syndicate to contribute funds for the anticipated cost of maintaining the bridge after its likely December 2016 completion.
<img src="/images/stories/2012/12/homebush2.jpg">
The amount is to reflect the anticipated operating costs of the bridge for 40 years from the date of completion of the bridge.
<img src="/images/stories/2012/12/homebushbridge3.jpg">
The bridge proposal is the latest in the vast rejuvnation that dates back to 1993, when Sydney was selected as the host city for the 2000 Olympics.
It triggered comprehensive remediation strategies for <a target="_blank" href="/news">Homebush Bay</a>, the suburb, and the neighbouring suburb of <a target="_blank" href="/news">Newington</a>.
Renewal of Homebush Bay has continued in the post-Olympic period marked most recently by the adoption of a 2030 Vision Master Plan for Sydney Olympic Park, continued redevelopment of Newington, continued remediation and redevelopment of Rhodes Peninsula and the urban renewal of Wentworth Point.
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Homebush Bay bridge proposal nears, but developers seek 1,300 more dwellings

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The final auction weekend for 2012 ended with not a bang but a whimper in the two major capital cities.
Sydney had about 550 auctions on Saturday, the last big auction day of the year with a 57.2% clearance rate which was slightly below the recent average, according to Australian Property Monitors.
The same weekend last year had a 50.9% clearance rate. 
There are about 50 still scheduled for next Saturday.
Sydney's inner west district's 70% success rate was bettered at weekend auctions by the 73% secured by vendors in the Canterbury-Bankstown district.
In Melbourne Saturday's auction clearance rate was marginally below trend at 57% from its 777 auctions reported to the Real Estate Institute of Victoria. Post-auction negotiations might see a slight lift given a preparedness of buyers and sellers to clinch a deal pre-Christmas.
The Melbourne clearance rate for the spring auction season was 62% compared to 55% last year and 66% in 2010.
The bulk of remaining sales in 2012 will be by private treaty with <a target="_blank" href="https://www.propertyobserver.com.au/auctions/twilight-auction-trend-to-cope-with-the-late-december-rush/2012120558308">the occasional twilight auctions</a>.
Many agents believe the 2012 spring/summer sales results provide a solid platform for when auctions resume in February.
 
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Final 2012 auction weekend ends in whimper  

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Prospects are looking somewhat brighter for the NSW central coast property market in 2013 with a large decline in mortgagee sales and the market consolidating over the course of 2012.
In-house records from property values Herron Todd White (HTW) show that instructions to provide mortgagee valuations in the popular retirement destination and lifestyle location were down by 36% over 2012.
HTW says it was “heartened” by the fewer mortgagee sales and “happy to see less of this work”.
But the valuation firm added that notwithstanding this improvement, “we understand that lender and mortgage insurers continue to closely monitor the region, indicating to us that the region remains vulnerable as owners struggle with mortgage payments and living costs”.
HTW says its prediction that the central coast market in 2012 would be the year of first-home buyers and investors proved accurate.
“At the half-time oranges break, we saw this as being correct and at the full-time siren, this appears confirmed.
“Once again, sales in the sub-$400,000 category accounted for a majority of the property sales on the central coast.
“This confirms reports from real estate agents that first home buyers and investors are sustaining the market,” says HTW.
Realestate.com.au has over 4,000 listings on the central coast, but only one property advertised as a mortgagee sale – a <a target="_blank" href="https://www.realestate.com.au/property-acreage+semi+rural-nsw-fountaindale-111892771">four-bedroom house set on a 6,700-square-metre semi-rural block in Fountaindale</a> listed with $700,000 hopes through Debbie Montgomery of McLachlan Partners Long Jetty.
The property's asking price has been reduced from $749,000 after failing to sell at auction in November. RP Data records show the property was available for rent in October at $1,600 per week.
Realestate.com.au records 28 mortgagee-in-possession sales since the start of the year.
HTW says there was a “distinct level of neutrality” about the central coast property market in 2012, with the “odd surprise, but no headline grabbing record sales or bargains”.
“At this point, we are a little way short of having confirmed figures for the year, but with the information available, we have concluded that it has been a year of consolidation and possibly getting back into a cycle of values that might remind us of years past.
“These were good times when plans and budget could be made without too many reviews,” says HTW.
The central coast, the ninth largest urban area in Australia, consists of two local government areas – City of <a target="_blank" href="/news">Gosford </a>and <a target="_blank" href="/news">Wyong</a> Shire.
HTW reports a 2.1% drop in dwelling sales in Gosford sales over the previous year with the median values down by about 2.3% during this period.
In the more volatile unit market, Gosford sales numbers were up by about 4.6%, with the median value falling by 3.8%
There was more sales activity in Wyong, with dwelling sales up by almost 6%, but with a fall in median value of around 1%.
Wyong unit sales were also up by an encouraging 1.7%, but the median sale price fell by close to 4%.
“The worry here is the 30% fall in vacant land sales, but with slightly higher median value," says HTW.
“A reduction in land sales in the Wyong LGA of 30% is better than the previous year, but indicates the statistics are correct when a slowing of building activity is mentioned. We look forward to seeing how this will change with the new first home buyer’s [$15,000] scheme for new dwellings coming into play."
As with weaknesses at the prestige end of the Sydney housing market, HTW notes that apart from Wyong land sales, the other segment that again shown the least activity during 2012 include were dwellings priced over $1 million.
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Mortgagee sales decline 36% on NSW central coast as property market consolidates ahead of brighter 2013

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The Singaporean hotelier Loh Lik Peng's Unlisted Collection: has secured two gateway buildings within the Central Park Broadway precinct with plans to convert the Clare Hotel and the former Carlton &amp; United Brewery's administration building into its first boutique Australian hotel.
With hopes for a late 2014 opening, Frasers Property last week  lodged the plans for the 60-bed hotel, to be owned and operated by Unlisted Collection:, which is undertaking the $20 million redevelopment.
<img height="273" width="470" src="/images/stories/2012/12/kensington1.jpg" alt="kensington1">
Two signature restaurants fronting Kensington Street, a rooftop bar and swimming pool, and a dedicated dessert restaurant are among the plans currently on public exhibition until February 1 with the Department of Planning and Infrastructure.
Construction works totalling 4,600 square metres are expected to commence in mid-2013.
Unlisted Collection:’s Central Park property will consist of 60 rooms.
The chief executive of Frasers Property Australia, Guy Pahor, said the reuse of the two heritage buildings would be a cornerstone of the Kensington Lane precinct – "a charming urban laneway of predominantly heritage terraces and buildings, slated to become an eclectic food, beverage and entertainment destination".
The Central Park concept plan was approved in 2009 with retention and adaptive re-use of 33 heritage buildings a key aspect of the precinct’s masterplan. 
Frasers Property Australia which sold the two buildings had wholly owned the Kensington Street precinct, held separately to its joint venture partnership with Sekisui House on the majority of the Central Park project.
Unlisted Collection: has retained Tonkin Zulaikha Greer Architects to design the $20 million adaption. The two heritage buildings will bejoined by a contemporary steel and glass building, spanning the existing laneway.
Heritage features such as timber panelled boardrooms and historic CUB entertaining areas will be retained, with contemporary additions.
Launching its first boutique hotel, Hotel 1929, in Singapore in 2003, Unlisted Collection: has since expanded to operate six hotel properties and 11 restaurants, located in Singapore, London and Shanghai. The properties include New Majestic Hotel and Wanderlust in Singapore, Town Hall Hotel and Apartments in London, and The Waterhouse in Shanghai.
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Kensington Lane precinct within Central Park Broadway to be Singaporean hotelier's first Australian hotel

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{qtube vid:=tzRK9OYDCW4&amp;feature=plcp}
 
<img width="470" src="/images/stories/2012/12/benboyd.jpg">
In our Purchase or Pass segment this week Chris Gray is joined by Warren McCarthy, the managing director at McCarthy Business Consultants, to check out another potential investment for someone on a budget that is trying to find something affordable close to the city but not in it.
It’s a one-bedroom unit in a block of 15 units, 4.7 kilometres from the CBD and less than one kilometre from the ferry. The unit is 60 square metres and has sunlight coming in from both sides. It has fantastic views of the city and harbour bridge from the lounge and balcony area. It gets $500 a week rent, which equals a 5.4% return.
Chris Gray: I guess to start with, if you have a budget of $500,000, you don’t get much for your money these days, do you?
Warren McCarthy: You certainly don’t, and that potential return you’re referencing of 5.4% is pretty good. The size of the dwelling of 60 square metres is good for a couple, and there’s certainly room to move instead of being too pokey. It sounds like it’s in a pretty good space there, Chris, with the views, and capturing the dear old Harbour Bridge. I think not a bad entry point for that type of location.
Chris Gray: Most of the time we’re not talking about location because we’re always trying to get into the intimate details but obviously we can’t pretend it’s Melbourne or Perth because it’s pretty much Sydney all over, isn’t it?
Warren McCarthy: Sounds like it downtown Sydney Harbour views, and that’s quite rare and good for a long-term capital growth strategy, and I think real estate should always be considered in that regard, but good entry level.
Chris Gray: One thing I’m always after is sticking to a block size of 12 units or so, but it certainly fits 15, do you think that makes much difference?
Warren McCarthy: Not really. I think it’s certainly within control and understanding of your levies of what’s going to go on in that building, rather it be 70 or some sort of huge number like that. It’s well within a reasonable number.
Chris Gray: Something that costs no money but can add a lot of value is light. When you’ve got light coming in from both sides of the building it makes a hell of a lot of difference. Obviously you used to be in real estate sales and on the financing side, how much difference does it make to try and sell an apartment that’s nice and light?
Warren McCarthy: Without a doubt, the right aspect is what sells property and if the sun’s shining in that just adds that extra element to the attractiveness to the buyer and so it is a good point to have as part of your ownership of that particular investment.
Chris Gray: A lot of the time in a perfect world, most of us would probably go for a two bedroom if we had the money, but obviously there’s limited budgets on this question. But having something unique like the Harbour Bridge can that make the be all and end all difference, the difference between selling a unit and not selling it?
Warren McCarthy: That can certainly help put the sale right across the line. If it’s always going to have those views and hopefully they’re never obstructed in the future. If it does have those views, it’s always going to be that lovely tick in the right box for that sale to be made and at a premium price because of that rare view of the Sydney Harbour.
Chris Gray: Especially if you have a foreigner just to tell his mum back in the UK or wherever he comes from, I can see the Harbour view.
Warren McCarthy: And for $500,000 at this level, good price.
Chris Gray: So purchase or pass for you?
Warren McCarthy: Definitely purchase for me in this particular climate.
Chris Gray: It is still possible to still buy near the city, in a high capital growth location and get value for money and a high rent return. There’s always going to be a limited market for those who can pay $500 a week for a one-bedroom unit but because it’s large it can still fit two people in very comfortably. So if your budget is restricted, I say I would be happy to purchase this one, so I give it a purchase as well.
Chris Gray is a buyer’s agent at <a rel="nofollow" href="https://www.yourempire.com.au/" style="outline-style: none; outline-width: initial; outline-color: initial; text-decoration: underline; color: #6888b1;">Empire</a>. He is host of Your Property Empire on Fridays on the Sky News Business Channel.
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Purchase or Pass? A Neutral Bay investment for someone on a budget

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The Sydney rental market tightened during the month of November, dropping 0.1% to a vacancy rate of 1.8% - according to a report from Real Estate Institute of New South Wales.
The outer suburbs of Sydney dropped the most, with a decline of 0.6% to 1.6% total vacancy rate.
The inner suburbs – within 10 kilometres from the CBD – went against the trend to rise 0.1% to a 1.7% total vacancy.
The middle suburbs – 10 to 25 kilometres from the Sydney CBD – were steady during the month of November at 2.1%.
There were also vacancy drops in Illawarra and Wollongong.
Illawarra declined 0.2% to 2.2% and Wollongong dropped 0.1% to 2.5%.
“The most dramatic change in the state was recorded in the outer suburbs of Sydney, with a fall of 0.6% to 1.6%,” says REINSW president Christian Payne.
“In fact, since August 2012, the vacancy rate in the outer suburbs of Sydney has fallen from a high of 3.1% to 1.6%, a level last seen in March 2012, when the vacancy rate was 1.5%.”
Newcastle also experienced a decline of 0.4% to 1.2% but the Hunter as a whole stayed steady at 1.7%.
Coffs Harbour experienced a decline of 0.2% but continues to have the highest vacancy rates in the state at 3.4%.
The Murrumbidgee continues to grow with a vacancy rate of 1.5%, an increase of 0.1%.
Albury holds the lowest vacancy rate at 1.4%, a drop of 0.2% from October.
“The reduction in interest rates by the Reserve Bank of Australia at their board meeting in December is likely to help stimulate investment in the residential property market. This should have a flow on effect in 2013,” says Payne.
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Sydney rental market tightened in November to 1.8%: REINSW

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Rainham, the ancestral residence of leading Australian real estate family the Raines, fetched $500,000 at its recent auction.
<img src="/images/stories/2012/10/rainham.jpg">
The Bathurst property sold to musical couple Richard and Suzy Miller, from Stanmore in Sydney. The couple also own a weekender at Rockley, an old parsonage purchased in 1972 that will shortly be put on the market.
Rainham was built in 1832 by Captain Thomas Raine, the father of Thomas Jnr, who co-founded Raine &amp; Horne with Joseph Horne in 1883.
Captain Raine, a mariner, was one of Australia’s earliest entrepreneurs, establishing Australia’s first whaling station at Twofold Bay in Eden on the NSW south coast.
“The listing of Rainham for the first time in 150 years generated a great deal of publicity and buyer enquiry, and it’s terrific this significant home sold at auction,” says selling agent John Fagan.
Fagan, from selling agency Raine &amp; Horne Bathurst, says Rainham attracted 60 to 70 enquiries and about 30 inspections.
Richard Miller plays the timpani in the Sydney Symphony Orchestra, and Suzy Miller is a retired flute player who now teaches.
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Rainham at Bathurst sells to Stanmore muso couple

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Lights, camera, action! Well, perhaps not within the court room. However, a three-day court hearing has been scheduled for May 2013 when the actor Toni Collette and her musician husband, David Galafassi, will be due in court being sued over their failure to settle on an alleged $6.35 million Paddington terrace purchase.
The May 13 to May 15 hearing date was scheduled this week by the duty judge in the NSW Supreme Court equity division.
In October 2011 the couple reputedly signed a contract to buy a double-fronted Paddington terrace from Susie Kelly, the co-founder and owner of Industrie clothing with her husband, Nick.
The Stewart Street house <a href="https://www.propertyobserver.com.au/https://www.propertyobserver.com.au/residential/actor-toni-collette-and-muso-david-galafassi-fall-for-the-charms-of-contemporary-inner-city-paddington/2011110752250" target="_blank" rel="nofollow">was snapped up</a> – quite early in its marketing campaign through McGrath agent Ben Collier. 
However the Paddington terrace has since been been resold for $5.5 million, so the entertainment industry couple face an $850,000-plus claim against them for the difference.
Designed by architect Anthony Gill and completed in 2009, the five-bedroom, four-bathroom house sits on a 360-square-metre block.
The entertainment industry couple made their alleged decision not to proceed with the Paddington purchase after they struggled to find a buyer of their <a href="/news">Bronte </a>house.
Their 1885 Bronte weatherboard cottage that cost $4.4 million in mid-2009 struggled to find a buyer despite being tipped to sell for around $900,000 less than their purchase price.
Collette and Galafassi instead bought back at Bronte, swapping homes with <a href="https://www.propertyobserver.com.au/title-tattle/actor-toni-collette-changes-her-mind-over-paddo-and-buys-again-in-bronte-title-tattle" rel="nofollow">the buyer of their own $3.5 million house</a>.
The Kellys bought on Kutti Beach at <a href="/news">Vaucluse </a>last March for $15.5 million, so incurred a land tax charge on the redundant Paddington property.
So their damages claim against the entertianment industry couple also includes a claim for $43,516 in state land tax and interest for four months.
The $6.35 million sale of <a href="https://www.propertyobserver.com.au/https://www.propertyobserver.com.au/residential/actor-toni-collette-and-muso-david-galafassi-fall-for-the-charms-of-contemporary-inner-city-paddington/2011110752250" target="_blank">the five-bedroom home </a>was allegedly due to be settled by late December 2011, but Collette's lawyer, David Carr, told the Kellys' lawyer in an email on New Year's Eve last year his clients intended "not to proceed" with the purchase.
Collette also sent an email to Nick Kelly on February 24, telling him the couple had decided to <a href="https://www.propertyobserver.com.au/title-tattle/actor-toni-collette-changes-her-mind-over-paddo-and-buys-again-in-bronte-title-tattle" target="_blank">buy another house in Bronte</a>. 
The Hollywood entertainment industry couple claim they do not have to pay the land tax that the Kellys were hit with given their move into a Vaucluse residence.
They also claim they dont have to pay the interest on the $6.35 million as there was no agreement to "complete the sale" by late December.
Collette and Galafassi are also arguing the vendors resold the property under value.
They claim the price ought to have been $6.25 million at auction, according to documents filed in the Supreme Court.
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