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

Joel Robinson

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

Busy developer Aqualand Prestige has formally taken the next step in its expansion across Sydney's Lower North Shore, lodging a State Significant Development Application (SSDA) for its long-held Archer Street site in Chatswood.

The application covers <a href="https://www.apartments.com.au/new-apartments/51-55-archer-street-chatswood-nsw-2067">51-55 Archer Street</a>, a 1,767 sqm amalgamated site on the eastern edge of the Chatswood CBD, where the developer is seeking approval for a 45-level mixed-use tower delivering 114 apartments, including a significant affordable housing component, alongside retail, commercial space and six basement levels of parking.

The SSDA marks the latest milestone for a project Aqualand has been quietly progressing over the past two years. The developer first secured the site for its Aqualand Prestige platform before undertaking an alternative design excellence process with PTW Architects, ultimately avoiding a formal design competition through the Housing Delivery Authority pathway.

The proposal has evolved considerably from Aqualand's original concept. The revised scheme has been designed around larger owner-occupier product, with an unusually high proportion of three and four-bedroom apartments, targeting the more affluent buyer profile, and downsizer, emerging across the North Shore.

<img alt="Archer St" data-entity-type="file" data-entity-uuid="0171204c-5811-41b5-9b09-2335d1b7c3d0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-22%20at%208.52.48%E2%80%AFAM.png?VersionId=6YTuxfq.puZo7k2wbfgemcO5K3QfXYGQ" />

The 114-apartment mix comprises six studios, 27 one-bedroom apartments, 18 two-bedroom apartments, 50 three-bedroom residences and 13 four-bedroom homes. A quarter of the building will be dedicated to affordable housing, well above the mandated 15 per cent&nbsp;

PTW has structured the building vertically, with affordable housing across levels one to six, premium apartments through levels seven to 31, duplex skyhomes on klevels 32 to 43, a penthouse on level 44, and a rooftop plant level above. Six basement levels will provide resident parking and servicing.

The tower is proposed to reach approximately 154 metres, placing it among a growing collection of residential high-rises transforming Chatswood's skyline.

Rather than competing purely on height, PTW says the design has been driven by creating a slimmer tower capable of delivering significantly larger apartments.

"The primary objective of this project was to create a distinctive building that stands out from the recently approved or built structures in the Chatswood area," the design report states, noting the structural efficiency allows greater investment into apartment quality and resident amenity.

Residents would have access to more than 450 sqm of communal open space including landscaped gardens, swimming pool, rooftop entertaining areas, fitness spaces, community gardens, children's play areas and barbecue facilities.

A major focus of the design has been the public domain.

The ground plane has been opened up through landscaped terraces inspired by Willoughby's sandstone ridges, with native planting, public seating, artwork, retail activation and a series of gathering spaces intended to soften what has traditionally been a hard commercial streetscape.

The landscape strategy references Blue Gum forests once common throughout the area, while incorporating Indigenous storytelling, public art and lighting installations to strengthen the connection to Country.

Chatswood has been one of Sydney's busiest apartment markets over the past 12 months, with a steady pipeline of both new project launches and fresh development applications.

Hyecorp recently launched Celine, a 122-apartment development just along Archer Street, while Changfa and Huirong Group are progressing The Anderson, an 84-apartment project on Anderson Street.

Develotek recently secured approval for a 101-apartment tower on Pacific Highway, while Tian An LFD received the green light for Hammond Greens, its apartment development on the edge of the Chatswood Bowling Club.

Commercial property developer FiveX is also making its move into the residential market. Last month it lodged plans for a 61-storey tower with 490 apartments, which, if approved, would become one of the tallest residential buildings in Chatswood.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-fivex-targets-chatswood-skyline-with-61-storey-tower-after-north-sydney-plans">First look: FiveX targets Chatswood skyline with 61-storey tower after North Sydney plans</a>

Aqualand is also expanding its development pipeline following the launch of its luxury residential brand, Aqualand Prestige. The developer has delivered a string of high-end apartment projects across Sydney's affluent suburbs over the past decade, most recently AURA by Aqualand on Walker Street in North Sydney.

[smartcode_project:default project_id=30959 project_image_fid=292863]

It has since quietly assembled its next wave of projects.

Earlier this year Aqualand launched Boronia in Roseville, a boutique 111-apartment development on Larkin Street. The project is one of the first significant apartment developments to launch in the suburb ahead of what is expected to become one of Sydney's most active new housing precincts under the NSW Government's Low and Mid-Rise Housing reforms, which allow greater density around train stations.

[smartcode_project:default project_id=152095 project_image_fid=373685]

The developer has also lodged plans for a two-tower, 413-apartment development on Herbert Street in nearby St Leonards, further strengthening its presence across the Lower North Shore.

Beyond that, Aqualand remains behind the final stage of Barangaroo, where plans will deliver a five-hectare mixed-use precinct comprising new homes, retail, hospitality and community facilities, alongside a new Metro entrance and more than two hectares of public open space, completing the Barangaroo precinct.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/central-barangaroo-development-takes-big-step-with-concept-proposal-approval">Central Barangaroo development takes big step with concept proposal approval</a>

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-aqualand-joins-st-leonards-apartment-party">First look: Aqualand joins St Leonards apartment party</a> 
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First look: Aqualand pushes ahead with Chatswood apartment tower as SSDA lodged for Archer Street

Mass timber is becoming an increasingly popular construction material in apartment developments, but Adelaide developer <a href="https://www.apartments.com.au/developers/otello">Otello</a> is taking the approach a step further.

At its new <a href="https://www.apartments.com.au/new-apartments/flowe-bowden-18-gibson-street-bowden-sa-5007">Flowe Bowden</a> development, the exposed cross-laminated timber (CLT) structure isn't just about reducing the building's environmental footprint. It also forms the foundation of a broader wellness strategy, influencing everything from indoor air quality and natural materials to the way residents move through and experience the building.

The 115-apartment mixed-use development, designed by Melbourne-based architecture practice Fieldwork, will occupy a prominent island site opposite Bowden Village Reserve, combining one, two and three-bedroom apartments with retail and a dedicated wellness destination.

[smartcode_project:default project_id=152022 project_image_fid=375528]

Wellness isn't confined to a gym or shared resident facility at Flowe. Instead, Fieldwork embedded the concept into the building itself.

The development has been split into two residential wings connected by a naturally ventilated central breezeway, replacing traditional enclosed corridors with open-air walkways that improve natural light, encourage cross ventilation and create more opportunities for neighbourly interaction.

"Rather than treating wellness as something that only happens on the ground floor, our response integrates it throughout the building, which led us to ask what it really means to design a healthy building," Fieldwork Director Quino Holland said.

[smartcode_project:default project_id=152022 project_image_fid=375531]

The building's architecture also reflects Bowden's industrial heritage. The lower podium references the area's historic brick and sandstone buildings, while the upper levels transition to exposed CLT, allowing the timber structure to become a defining feature throughout the apartments and shared spaces.

The use of mass timber sits alongside a range of sustainability initiatives, including a fully electric, gas-free design, rooftop solar and a targeted 5 Star Green Star rating.

[smartcode_project:default project_id=152022 project_image_fid=375524]

Inside the residences, the focus remains on natural, durable materials. Blackbutt engineered timber flooring, exposed CLT ceilings, porcelain surfaces and warm timber joinery create a calming interior palette, while low-VOC finishes and responsibly sourced materials have been selected to improve indoor air quality.

Kitchens have been designed as the centrepiece of each apartment, featuring porcelain island benchtops, timber-look cabinetry and brushed steel tapware, with layouts that maximise natural light and ventilation.

[smartcode_project:default project_id=152022 project_image_fid=375530]

The more traditional interpretation of wellness comes in the form of Level Eleven, a two-storey wellness club spanning the ground floor, mezzanine and first floor.

The facility will include a gym, yoga and reformer Pilates studios, Finnish and infrared saunas, magnesium hot and cold plunge pools, and dedicated recovery spaces. Unlike many residential wellness facilities, Level Eleven will also operate commercially, allowing the broader Bowden community to access the venue while giving residents exclusive membership benefits.

The ground floor has also been designed around everyday living. A café overlooking Bowden Village Reserve will activate the street frontage, while a bike workshop with tool storage, co-working space and dog wash has been incorporated to support daily routines and encourage interaction between residents.

"Flowe brings together my two biggest passions, creating places and creating healthier lives," Otello founder Daniel Harris said.

"We wanted to create something Adelaide hasn't seen before, a genuinely healthy building, where the way you live is lifted without even trying."

Flowe is positioned directly opposite Bowden Village Reserve and within walking distance of Bowden Railway Station and the Adelaide Entertainment Centre, placing future residents just minutes from the Adelaide CBD while remaining connected to one of the city's most established urban renewal precincts.

[smartcode_project_cta:default project_id=152022]

Otello launches wellness-focused Flowe Bowden with Adelaide-first mass timber apartment design

Not all apartment amenities are immediately visible.

Swimming pools, gyms, rooftop terraces and residents' lounges have long featured on buyers' wishlists, but as the way Australians live has changed, so too have the features that make apartment living more convenient.

Increasingly, buyers are placing value on the practical aspects of day-to-day life. Fast internet, EV charging, secure bike storage, flexible workspaces and parcel management are becoming just as relevant as lifestyle amenities, reflecting changing habits and expectations.

Online shopping has been one of the biggest drivers of that shift.

Australians spent a record $82.6 billion shopping online in 2025, with almost one in every four retail dollars now spent digitally, making parcel deliveries a routine part of everyday life rather than an occasional convenience.

For apartment residents, however, receiving those deliveries isn't always straightforward.

Without someone home to accept a parcel, deliveries can be redirected to a nearby Post Office, left in building foyers or common areas, or require building management to temporarily store packages. As apartment living continues to grow across Australia's cities, parcel management has become an increasingly important consideration for both residents and developers.

Australia Post's Parcel Locker network is one response to that shift.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/KPZ9j5FRdsQ?si=Qztc1dNP3ZvEIUhb" title="YouTube video player" width="560"></iframe>

Rather than relying on home delivery, eligible parcels can be directed to a nominated Parcel Locker, where they're securely stored until collected. Once a parcel arrives, residents receive a notification through the AusPost app or SMS and can retrieve it using a one-time code or QR code at a time that suits them.

The network has expanded to more than 1,500 locations nationwide, with Parcel Lockers positioned at Post Offices, shopping centres, supermarkets, transport hubs and, increasingly, within or alongside residential developments.

That growing presence reflects a broader change in how apartment buildings are being planned.

Developers are increasingly considering the operational side of apartment living alongside traditional lifestyle amenities. Just as secure mailrooms, bicycle storage and EV charging have become more common inclusions, parcel management is emerging as another feature that supports everyday convenience.

It also helps preserve the arrival experience within a building. Carefully designed lobbies and communal spaces can quickly become cluttered when deliveries accumulate, while secure parcel solutions reduce the likelihood of missed deliveries or parcels being left unattended.

For buyers comparing apartments, these everyday details are becoming part of the decision-making process.

Location, floorplans and finishes remain fundamental, but the features that simplify daily life are carrying greater weight than they once did. As online shopping continues to shape consumer behaviour, secure parcel delivery is increasingly becoming another amenity worth looking for.

Parcel delivery is joining the apartment amenity checklist

Inca Property Group has lodged a State Significant Development Application (SSDA) for Dawn, a 53-apartment oceanfront development overlooking Mona Vale Beach.

The proposal, at 35-39 Darley Street East, would replace an existing 18-apartment strata building with a new owner-occupier-focused development comprising 53 two and three-bedroom apartments, including nine affordable built-to-rent residences delivered under the State's infill affordable housing scheme.

Positioned on a 2,679 sqm elevated site around 280 metres from Mona Vale Beach, the development has been designed to maximise panoramic ocean views while responding to the site's sloping topography.

<a href="https://www.apartments.com.au/developers/inca-property-group">Inca Property Group</a> Managing Director Josh Thompson said the State Significant pathway provided greater certainty for projects of this scale.

"This State Significant pathway gives the team real certainty to progress <a href="https://www.apartments.com.au/new-apartments/dawn-35-39-darley-street-east-mona-vale-nsw-2103">Dawn</a> through to completion," Thompson said.

"It allows us to acquire a one-off site, design it carefully and deliver the right offering for the suburb, assessed by the NSW Government's planning department."

The project is one of the first developments in the area to be assessed under the NSW Government's Low and Mid-Rise Housing policy, with the site sitting on the edge of the policy's designated inner area.

The proposal includes three basement levels providing 124 car spaces, alongside a range of resident amenities including a swimming pool, gym, sauna, wellness facilities and private plunge pools for selected ground-floor and penthouse apartments.

<img alt="Dawn" data-entity-type="file" data-entity-uuid="fc1a1daf-0ce4-4f12-9076-b1fa553c7a91" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-21%20at%208.42.11%E2%80%AFAM.png?VersionId=4GZ9h.gpNkTljbxyAET8Jfhv51XUamDm" />

Thompson said Dawn had been designed specifically for owner-occupiers and downsizers, a buyer profile that has driven demand across Inca's recent Upper North Shore developments.

"The majority of buyers in our recent North Shore projects have been downsizers, and we are learning exactly what this market is looking for. Beyond the location itself, we have included resort-style amenities to deliver a genuine lifestyle offering," Thompson said.

Located within walking distance of Mona Vale Beach, the town centre, Mona Vale Golf Club and the Royal Motor Yacht Club, Dawn represents Inca's first Northern Beaches project following the sell-out of Tara on Park in Waitara and Ellis Residences, currently under construction in St Ives.

Construction will be undertaken by Inca's in-house construction arm, GOP Constructions.

Dawn is the latest major apartment proposal for Mona Vale, with the suburb emerging as one of the key beneficiaries of the NSW Government's new Low and Mid-Rise Housing policy.

New developer One Living, led by industry veteran Joseph Scuderi, recently secured a site on Mona Vale Road, on the border of Mona Vale and Pymble, where it is planning around 140 apartments.

IPM is also planning its third project in Mona Vale, significantly increasing the scale of its previous developments with an 82-apartment proposal at <a href="https://www.apartments.com.au/new-apartments/159-167-darley-street-west-mona-vale-nsw-2103">159-167 Darley Street West</a>, opposite Bayview Golf Course and less than 800 metres from Mona Vale town centre.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/one-living-enters-sydneys-new-apartment-market-with-northern-beaches-site-acquisition">One Living enters Sydney's new apartment market with Northern Beaches site acquisition</a>

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-ipm-plans-third-mona-vale-project">First look: IPM plans third Mona Vale project</a>

First look: Inca eyes Mona Vale with State Significant DA for Dawn apartments

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

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

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

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

Every First Home Owner Grant for new property by state

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

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

Staff Writer

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

Mixed-use developments have gained significant popularity across Australia in recent years due to their unique blend of residential, commercial, and recreational spaces.

Unlike traditional single-purpose developments, mixed-use projects offer a harmonious integration of various functions within a single locale.

Residential units seamlessly coexist with commercial establishments, retail outlets, dining venues, entertainment hubs, and recreational facilities, with the combination not only enhances convenience but also fosters a vibrant lifestyle and a sense of community.

<h3>Convenience and accessibility</h3>

Mixed-use developments are designed with convenience in mind. They often integrate residential units with commercial spaces, retail outlets, restaurants, and recreational facilities, creating a self-contained community.

[smartcode_project:default project_id=114215 project_image_fid=204874]

The proximity allows residents to enjoy the convenience of having essential amenities and services within walking distance. Whether it's grabbing a cup of coffee, going grocery shopping, or accessing healthcare services, everything is conveniently located, saving residents time and effort.

<h3>Vibrant lifestyle and community</h3>

One of the major advantages of mixed-use developments is the vibrant lifestyle they offer. With a diverse range of amenities and communal spaces, residents have ample opportunities to interact, socialise, and build a sense of community.

[smartcode_project:default project_id=107714 project_image_fid=214122]

The presence of parks, community centres, and shared spaces fosters a lively atmosphere, encouraging residents to engage in various activities and events. The vibrant lifestyle within these developments creates a unique sense of belonging and camaraderie among the residents.

<h3>Potential for higher rental yields and property value appreciation</h3>

Mixed-use developments tend to attract a broad range of tenants and buyers due to their versatile nature. This high demand can result in higher rental yields for investors and potentially lead to property value appreciation over time.

[smartcode_project:default project_id=139989 project_image_fid=212887]

The integration of commercial and retail spaces attracts businesses, which can provide a stable rental income stream. Additionally, the popularity of mixed-use developments often drives up property values, making them a potentially lucrative investment in the long term.

<h3>Enhanced security and maintenance</h3>

Mixed-use developments typically have comprehensive security measures in place. With controlled access points, CCTV surveillance, and professional security staff, residents can enjoy enhanced safety and peace of mind.

[smartcode_project:default project_id=108019 project_image_fid=212658]

Additionally, these developments often have dedicated maintenance teams responsible for the upkeep of common areas, landscaping, and infrastructure. This ensures that the overall appearance and functionality of the development are well-maintained, creating a pleasant living environment for residents.

<h3>Live-work-play balance</h3>

One of the key attractions of mixed-use developments is the ability to achieve a desirable live-work-play balance. The integration of residential and commercial spaces allows residents to live closer to their workplaces, reducing commuting time and improving work-life balance.

The proximity to various amenities and recreational facilities encourages an active and healthy lifestyle. Residents can easily access fitness centres, parks, restaurants, and entertainment options, all within the same development, leading to a more fulfilling and convenient way of life.

alisonwarters@gmail.com

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

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

Ellen Walker

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

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Sydney median house prices rose strongly in the final three months of 2012 to end the year 6.1% higher,  but with little price gain in the Western Sydney mortgage belt, according to the latest report from the Real Estate Institute of NSW (REINSW).
House prices rose 4.2% over the final three months of the year to finish the year at $594,000.
The report indicates that the Sydney market remains highly fragmented with no price growth recorded in the inner city, where the median was unchanged at $1.05 million.
House prices in the outer suburbs (more than 25 kilometres from the Sydney CBD), which accounted for 65% of the 40,000 sales recorded for the year, rose 4.4% to a median of $470,000.
Sydney house prices over 2012 by suburban zone
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<a title="Click to enlarge" rel="shadowbox" href="/images/stories/2013/03/reinswmarch8.jpg"><img src="/images/stories/2013/03/reinswmarch8thumb.jpg"></a>
Suburbs in Sydney’s outer west growth corridor delivered mixed results for home-owners and investors, but did register the strongest sales activity over the year.
Castle Hill, 31 kilometres northwest of the Sydney CBD, recorded 504 sales over the year - the highest number of sales for any Sydney suburb - but house prices rose just 1.9% over the year to a median price of $765,000.
Blacktown in Sydney’s outer west recorded 468 sales over the year, the second highest number of sales, but house prices rose only 2.6% to a median of $390,000.
Baulkham Hills recorded 276 sales for the year, but prices rose only 1.6% to a median of $630,000.
Liverpool house prices were unchanged over the year with a median of $405,000 with 100 sales recorded.
Bucking the trend of modest price rises, house prices in Auburn rose 6.8% over the year to a median of $512,500 from 188 sales.
The prestige end of the market continued to struggle with prices down 1.5% for houses priced in the 95th percentile at $1.629 million.
REINSW CEO Tim McKibbin said the overall results indicated a marked improvement in sentiment. “With confidence returning and stimulus in the form of interest rate reductions of 125 basis points in 2012, I believe that the green shoots of improvement are evident and a platform for a far brighter future in 2013 has been constructed. “In recent years Australia has been unduly influenced by overseas markets, which have not been performing very well. The reality is that many of those markets have little impact on the Australian economy at all. “Over the last six months, Australians have realised that our economy and our trading partners are reasonably robust. The confidence that has come from that realisation has begun to surface and is evident through an improvement in the share market. “We have also seen an improvement in property prices and the NSW government announced that employment rates are also improving. “Property prices are now returning to more traditional levels and we will start to see vendors coming into the market more strongly over the next 12 months. We should also see transaction levels increase, particularly in the more affordable areas of the market,” he says.
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Sydney house prices up 6.1% over 2012 but little growth in the western suburbs: REINSW

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Property development group Sunland will build $700 million worth of new residential projects across Australia this year with more than half of those in south east Queensland.
Of the nine projects Sunland will undertake this year, five will be in south east Queensland with $378 million worth of developments planned, adding 389 luxury homes, apartments and town houses.
Sunland’s Queensland projects include a new development at Mariners Cove and a 47-storey apartment building in the Brisbane CBD.
Victoria is the next biggest development hotspot with $221 million worth of developments planned adding 479 luxury homes on land purchased last year in Point Cook and another Melbourne suburb.
And in Sydney Sunland will start work on their $100 million ‘Dahlia’ development with 170 homes in North Kellyville, in the city’s outer north west, on the 10 hectare site it paid $10.6 million for in February this year.
Managing director Sahba Abedian told The Australian Financial Review Sunland had been “very selective in our acquisitions” and said he was expecting the Queensland market to make a cautious recovery.
In an ASX release he said the announcements were fuelled by strong first-half financial results for the company.
The Sunland portfolio now comprises 3,248 apartments, residential homes and land allotments with a realisable value of $1.4 billion, excluding Gold Coast multi-storey developments.
Last month, Sunland reported a <a href="https://www.propertyobserver.com.au/industry-news/palazzo-versace-hotel-sale-helps-lift-sunland-interim-profits-as-residential-sales-slow/2013021459356" target="_blank">strong rise in interim profits</a> for the half-year to December 31 on the sale of the Palazzo Versace hotel on the Gold Coast for $68.5 million at the end of 2012.
This was up from profits of just $185,000 in the previous corresponding period.
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Sunland's unveils $700 million pipeline of mainly SE Queensland residential projects

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Peter Perini, from Corinthian Industries, Australia's largest door maker and manufacturer, and his wife, Rosslyn, have relisted their Neutral Bay residence, Keynsham.
<a href="https://www.realestate.com.au/property-house-nsw-neutral+bay-107728811" target="_blank">The 1921 Arts and Crafts house</a> sits on a reduced 1,300 square metres overlooking the harbour.
The restored Shellcove Road house has three bedrooms including a whole-floor main suite. There’s also a billiard room.
Its Ray White LNS agent Kingsley Yates wants buyers with $7 million plus.
It had $8 million-plus hopes in March last year.
Its been refurbished by Ridley Smith of NBRS Architects to maximise its bay views.
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Neutral Bay residence, Keynsham, relisted with $7m hopes

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Exciting times in the real estate market are upon us.
Buyers have entered the market with more confidence, agents are reporting record months, auction clearance rates have increased and talk of real estate is back on the agenda for many.
The biggest shift we are witnessing at the moment is an increase in the volume of buyers inspecting properties and the number of registered bidders.
In February this year we averaged 3.2 buyers registering for each auction and one property (16 Coventry Road, Strathfield) received an astonishing 14 people registering to buy the home.
But buyers are still cautious. They are still looking for value and are not getting carried away with unrealistic seller expectations.
So where do we see all this going? Easter is only weeks away and the run into the Easter period will provide a huge volume of auction activity.
We see this activity continuing to build momentum throughout Autumn and the winter months.
The biggest challenge right now is bringing sellers to the market and getting them to list their home.
It is a great time to be selling with less competition from other properties. Houses up to $1.5 million are still the most in demand.
Auctions are increasing in popularity as a method of sale with vendors recognising the clear advantage of creating a competitive environment and the potential for achieving a premium price.
Damien Cooley is the founder of <a rel="nofollow" target="_blank" title="Cooley Auctions" href="https://www.cooleyauctions.com.au/">Cooley Auctions</a>.
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Buyers are entering the market with more confidence: Damien Cooley

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A one-bedroom cottage in Camperdown has been listed on the market with a year's supply of ice cream for the lucky buyer, given the Dairy Bell Ice Cream factory is situated just across the road. 

True Property Erskineville agent Braden Walters said he decided to embrace the home's industrial setting rather than ignore its proximity. He secured prominance on social media plataforms after his marketing initiative.
The property, at 28 Eton St, Camperdown (pictured below), hits the market last month with a $650,000 plus price guide for its <a href="https://www.trueproperty.com.au/765793/" target="_blank">March 16 auction </a>- and the offer of 52 vouchers for two litre tubs.
<img src="/images/stories/2013/03/icecreammarch5one.jpg" width="470" height="262" alt="icecreammarch5one">
Buyers can select banana split, mint, mango or chocolate.
"I might have to throw in a gym membership too, though, because I don't want to be seen to support obesity,'' he jokingly told The Daily Telegraph.
Initially sceptical about living across the road from a factory, its vendor Kim Wilson says the factory shop outlet has become a focal point for the community.
Its vendor Kim Wilson says her family visits the factory shop "easily four times a week'' to get a fix of ice cream.
"We'd chat to our neighbours having an ice cream out front. It's as important as a good cafe or pub,'' she told the Telegraph.
"The prices are really cheap and the staff really friendly, especially on a hot day all our neighbours would be out there."
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Ice cream giveaway with Camperdown cottage offering

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Set amid lush green valleys of the Byron Bay hinterland, Coorabella, the magical 125-year-old home on 23 hectares at Coorabell, has been listed for sale at $7.5 million.
For the past 17 years Coorabella has been home to <a href="https://www.uniqueestates.com.au/Homes/Detail.aspx?id=ue150&amp;wlid=35e38e74-3b68-4c35-95af-d6f423a37ee1" target="_blank">jewellery designer Giovanni D’Ercole</a> with an obvious heightened sense of theatre and aesthetic. Often featured in Australian and international magazines including Harper’s Bazaar, Marie Claire and Country Style, Coorabella is now listed through Nicolette van Wijngaarden at Unique Estates Australia.
It has three bedrooms and three bathrooms - along with a separate library wing which can be used as staff quarters for those with a full-time nanny/personal assistant.
<a href="https://www.realestate.com.au/property-house-nsw-byron+bay-408865627" target="_blank">Its often rented at $2500 a week</a>. All rooms throughout the house, including each of the bedrooms, feature views of the surrounding countryside along with huge wraparound verandahs.
Large sliding glass doors open up onto the verandah from both the kitchen and dining rooms. Soaring ceilings with pressed-tin finishes and leadlight window feature throughout the house which is filled with old-world antiques and special hand-picked pieces from the owner’s travels around the world.
Its dramatically set swimming pool overlooks the valley within a gardenias and jasmine scented garden. A whimsical tipi featuring timber floorboards has been erected for use for as meditation, yoga or pilates space.
The property has primary production status. There is Wilson Creek frontage.
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Coorabella, the Byron Bay jewel listed by Love & Hatred's Giovanni D'Ercole

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What a difference a week makes! Yesterday the Australian stock market posted a 53 – month high where the benchmark S&amp;P/ASX 200 index lifted 1.34 percent to 5104.1 points, and the All Ordinaries index rallied to finish at 5120.4 points. Who would have thought – there she blows?
The most challenging dilemma facing the business community in 2013 is actually navigating the many markets that determine our economy – after all everyone is always seeking an opinion. The best way I’ve found to circumvent this is to religiously read – <a title="CEO PULSE." href="https://www.businessspectator.com.au/bs.nsf/Business-Spectator-GA-Research-CEO-Pulse-Report-Qtr4-2012.pdf" target="_blank">CEO PULSE.</a> The views from Australia’s leading chief executives on:
<ul>
<li>Predictions for 2013</li>
<li>Economic Outlook</li>
<li>Outlook for their organisation</li>
<li>What keeps them awake at night</li>
<li>What advice they’d give to Julia Gillard and Tony Abbott.</li>
</ul>
<a title="CEO PULSE: Snapping the wallets shut" href="https://www.businessspectator.com.au/bs.nsf/Article/CEO-Pulse-capex-profits-AUD-Australian-dollar-Gill-pd20121211-2UQN5?OpenDocument&amp;emcontent_ceopulse" target="_blank">CEO PULSE: Snapping the wallets shut</a> – Australian CEO’s are much more confident in 2013 although the survey found that those expecting a rise in operating expenditure rose from 33 to 49 percent and those expecting a decrease in operating costs dropped from 37 to 29 percent. It is most apparent that many Australian businesses are being hit hard by the high Australian dollar – <a title="RBA documents show bank considers $A overvalued" href="https://www.businessspectator.com.au/bs.nsf/Article/RBA-documents-show-bank-considers-A-overvalued-pd20130228-5BVF7?OpenDocument&amp;src=hp4" target="_blank">RBA documents show bank considers $A overvalued</a> by 4 to 15 percent. In unison to the CEO thoughts in CEO PULSE it came as little surprise to see <a title="CAPEX falls against expectations in December." href="https://www.businessspectator.com.au/bs.nsf/Article/CAPEX-falls-in-Dec-quarter-pd20130228-5C2FU?OpenDocument&amp;src=hp3" target="_blank">CAPEX falls against expectations in December.</a> According to the Australian Bureau of Statistics (ABS) CAPEX fell 1.2 percent in the December quarter seasonally adjusted to $40.988 billion during the quarter. Private capital expenditure is now 10 percent higher than it was in the previous December quarter.
<a title="Steady growth forecast for Aussie economy " href="https://news.smh.com.au/breaking-news-national/steady-growth-forecast-for-aussie-economy-20130227-2f5ei" target="_blank">Steady growth forecast for Aussie economy </a>– “The economy holds a large amount of offshore debt, households retain substantial debt because of high house prices and its banks are reliant on foreign investor funding.’’ They went on to say – “Our base case is that Australia’s economic growth will remain close to trend over the coming years.” Macquarie Bank recently stated in their Global market outlook for 2013 – according to Macquarie Private Wealth, there are four investment themes that will drive the investment market in 2013.
<ul>
<li>The commodity price boom is over – It’s now clear that the commodity boom ended in 2011 – but that isn’t necessarily bad news for investors because that doesn’t necessarily mean that China has stopped growing</li>
</ul>
Click to enlarge
<a title="Click to enlarge" href="/images/stories/2013/03/simeonmarch4.gif" rel="shadowbox"><img src="/images/stories/2013/03/simeonmarch4thumb.gif"></a>
<ul>
<li>The rise of the Chinese consumer – While large – scale Chinese demand continues, the composition of Chinese growth is changing. A historic shift away from investment spending and towards consumer spending will require investors to think very differently about ways to gain exposure to China</li>
</ul>
<ul>
<li>Markets learning to live with a Europe in crisis – While the European debt crisis is far from over, the level of investor concern has dwindled.</li>
</ul>
<ul>
<li>Is this the beginning of a US housing recovery? – It’s no secret that the US economy continues to face some hurdles, including high unemployment of more than seven percent and the impact of austerity measures, but evidence of a housing recovery continues to build. The potential benefits to employment and investor confidence may prove to be some of the positive surprises for markets in 2013.</li>
</ul>
<a title="Let the good times roll again, says Bair" href="https://www.smh.com.au/nsw/let-the-good-times-roll-again-says-baird-20130224-2ezmk" target="_blank">Let the good times roll again,</a> says Baird – an improving international outlook means the backdrop for the state economy is better than at anytime since the beginning of the global financial crisis six years ago. <a title="With $40b of profits in the bag, the recovery gains momentum" href="https://www.brisbanetimes.com.au/business/earnings-season/with-40b-of-profits-in-the-bag-the-recovery-gains-momentum-20130227-2f69p" target="_blank">With $40b of profits in the bag, the recovery gains momentum</a> it is quite apparent that earnings growth has well and truly moved into the positive.
Click to enlarge
<a href="/images/stories/2013/03/simeonmarch4one.gif" rel="shadowbox" title="Click to enlarge"><img src="/images/stories/2013/03/simeonmarch4onethumb.gif"></a>
Again volumes are down with patterns emerging that our demographic housing markets remain in a holding – pattern. Something will eventually break so my prediction is that we will see a run on the property market. There won’t be a cash rate reduction when the Reserve Bank of Australia (RBA) meets this month as <a title="Global housing hots up." href="https://afr.com/f/free/blogs/christopher_joye/global_housing_hots_up_rvHOwz4IGhU782PDMb9SRL" target="_blank">Global housing hots up.</a>
Source: Domain Property Monitors
<h4>MOSMAN – 2088</h4>
• Number of houses on the market this time 2012 – 139 • Number of houses on the market last week – 103 .Number of houses on the market this week – 105
• Number of apartments on the market this time 2012 –126 • Number of apartments on the market last week – 80 .Number of apartments on the market this week – 76
<h4>CREMORNE – 2090</h4>
• Number of houses on the market this time 2012– 17 • Number of houses on the market last week – 15 .Number of houses on the market this week – 17
• Number of apartments on the market this time 2012– 23 • Number of apartments on the market last week – 21 .Number of apartments on the market this week – 20
<h4>NEUTRAL BAY – 2089</h4>
• Number of houses on the market this time 2012 – 22 • Number of houses on the market last week – 14 .Number of houses on the market this week – 15
• Number of apartments on the market this time 2012 – 63 • Number of apartments on the market last week – 38 .Number of apartments on the market this week – 39
For this week’s sales in Cremorne real estate, Cremorne Point real estate, Mosman real estate, Beauty Point real estate, Clifton Gardens real estate, Balmoral real estate, Neutral Bay real estate, Cammeray real estate. • <a title="Click Here" href="https://www.rwm.com.au/news/" target="_blank">Click Here</a>
For this week’s open for inspections. • <a title="Click Here" href="https://www.rwm.com.au/sales-list/open_times_sales/" target="_blank">Click Here</a>
 <a title="Signs of rebound in property " href="https://www.theage.com.au/business/property/signs-of-rebound-in-property-20130224-2ezik" target="_blank">Signs of rebound in property </a>keep watching the clearance rates which are closing in on 80 percent which previously indicated that property markets are booming. This time around following the Global Financial Crisis (GFC) it is apparent that the lower end markets are booming with the top – end markets showing much more caution. Having said that, there are clear indications – <a title="Views and lifestyle lure buyers back to waterfront properties." href="https://smh.domain.com.au/real-estate-news/views-and-lifestyle-lure-buyers-back-to-waterfront-properties-20130222-2ewta" target="_blank">Views and lifestyle lure buyers back to waterfront properties.</a> It should be noted that the vast majority of Mosman’s top – end acquisitions have gone to Chinese buyers.
With Australia (and other institutions) focused on what is happening in China it must be reassuring that Chinese buyer’s see our property markets as a ‘buy recommendation’ – There she blows &amp; there she goes!
Robert Simeon is a director of <a target="_blank" href="https://www.rwm.com.au/" title="RWM" rel="nofollow" style="font-size: 14px;">Richardson  Wrench Mosman and Neutral Bay </a>and has been selling residential real estate in Sydney since 1985. He has also been writing real estate blog <a target="_blank" href="https://www.rwm.com.au/news/" title="Virtual Realty News" rel="nofollow" style="font-size: 14px;">Virtual Realty News</a> since 2000. The RWM real estate model has sold in excess of $1 billion in database sales globally.
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Navigating markets a key challenge for 2013: Robert Simeon

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Businessman Greg Jones and his wife, Kim, who now live in Hong Kong and rent in Potts Point, Sydney had hoped their Vaucluse mansion would fetch $14 million.
Official records lodged this week show it fetched $12 million when bought by the Hasson Lederer family.
The mansion on a 1448-square-metre Wentworth Road block traded at $12.5 million in late 2008.
<img height="350" width="470" src="/images/stories/2013/03/jonesmarch1one.jpg" alt="jonesmarch1one">
The SMH investigative reporter Kate McClymont wrote that Jones, who has been featured in the Obeid ICAC inquiry, told friends in an email that he was off to pursue the "increasingly sophisticated Hong Kong and Chinese wine markets and the expansion of our tertiary education investment into Hong Kong and Beijing".
<img height="349" width="470" src="/images/stories/2013/03/jonesmarch1two.jpg" alt="jonesmarch1two">
The property website <a target="_blank" href="https://radicalterrace.com/post/19783036862/21-wentworth-road-vaucluse-lists-with-12m-hopes">Radical Terrace considered the property </a>was likely to sell at a loss when it was written up last May.  It was listed in March, and sold last August on extended settlement terms.
It sold through Alain Waitsman at LJ Hooker.
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Businessman Greg Jones secures $12 million in small Vaucluse loss

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Kubba Roonga, the Blue Mountains guest house where Sir Donald Bradman took Jesse for their 1932 honeymoon, has been sold for $695,000.
It’s a rambling 1915 Blackheath guest house now with seven ensuited bedrooms. It last sold at $585,000 in 2006.
<img height="351" width="470" src="/images/stories/2013/03/kubbamarch1one.jpg" alt="kubbamarch1one">
Normally associated with Bowral, Australia's most famous sportsman had a soft spot for Blackheath, having knocked up his fastest century – off 22 deliveries – at the local cricket oval shortly before his 1932 stay.
Property Observer gathers Kubba Roonga, which has a AAA four-star rating, will continue trading as a guesthouse..
Set about 120 kilometres from Sydney, Kubba Roonga sits on 1,315 square metres of English-style gardens on Brentwood Avenue close to the spectacular Grose Valley.
The house has open fireplaces, polished timber floors, and stained glass windows. There’s a commercial kitchen and restaurant dining space for house guests.
Ray White Blackheath agent Peter Torok had it for July 2012 auction, along with the adjoining 695-square-metre Arcadia Road property, which after its 1915 construction served as the manager’s cottage.
<a target="_blank" href="https://www.propertyobserver.com.au/leisure/kubba-roonga-sir-donald-bradmans-blue-mountains-honeymoon-destination-listed/2012051154660">The guest house was initally tipped to fetch more than $800,000</a>. It’s asking price was reduced post-auction to $750,000 plus. The former manager's cottage fetched $410,000.
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Kubba Roonga, the Donald Bradman Blue Mountains honeymoon cottage, sells

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Sydney entrepreneur Drew Muirhead is now selling his unsold five-bedroom Cottage Point waterfront on Sydney's Pittwater in one line, as plans to secure 12 takers each with a share, didn't get anywhere.
It had been given a nominal $7.8 million value on its 2012 marketing with each portion listed in $650,000 part ownership shares.
Fractional ownership is a model used in the US and Europe.
The expectations are now around $4 million.
<img alt="cottagemarch1one" height="317" width="470" src="/images/stories/2013/03/cottagemarch1one.jpg">
It wasn't for want of space as its possibly the biggest house within one of Sydney's smallest suburbs, Cottage Point, complete with infinity-edge pool, spa, jetty and pontoon.
Designed by architect Richard Cole, it has water views from every room with its pitched ceiling expanding the view to include the bushland behind.
<img alt="cottagemarch1two" height="313" width="470" src="/images/stories/2013/03/cottagemarch1two.jpg">
The five-bedroom home, featured on Grand Designs Australia in 2010, has been rented out for $20,000 a week in the peak season.
<a href="https://rwdbgroup.com/nsw/cottage-point/884214/" target="_blank">Its now listed for March 28 auction through Ray White Double Bay agents Michael Finger and Doreen Wilson</a>.
The top <a href="/news">Cottage Point</a> sale was $6.45 million in 2008.
Muirhead was offering the property under a co-ownership agreement drawn up by PodProperty chief executive Jeremy Levitt, who says the method has become more popular especially for holiday homes.
It was intended the co-owners would have a deeded share of the title of the bricks and mortar and could use their share for their own holiday stay, or rent out their time.
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First look: Zurich targets North Sydney office conversion with 148-unit proposal above Metro station

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New townhouses

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