<a href="https://www.apartments.com.au/developers/bridgewell-development">Bridgewell Capital</a> has lodged plans for a major mixed-use apartment development in the heart of Maroubra, seeking a significant uplift in height and density controls to deliver 120 apartments and a 120-place childcare centre near Maroubra Junction.

The State Significant Development application, filed through the NSW Government’s Housing Delivery Authority pathway, covers a 3,270 sqm amalgamated site at 251-257 Maroubra Road and 133-135 Garden Street. The proposal includes a concurrent rezoning that would increase the maximum building height from 12 metres to 35.6 metres and lift the floor space ratio to 4.02:1.

Designed by <a href="https://www.apartments.com.au/architects/bka-architecture">BKA Architecture</a>, the project would replace a mechanic’s workshop and several detached homes with a 10-storey residential building above four basement levels.

The scheme comprises 120 apartments, including 27 affordable housing units to be managed by a community housing provider for 15 years, alongside 203 basement car spaces and 92 bicycle spaces. A childcare centre occupying nearly 900 sqm of floor area would sit at ground level and be capable of accommodating 120 children and 22 staff.

<img alt="First look: Bridgewell plots 120 apartments and childcare centre in Maroubra town centre" data-entity-type="file" data-entity-uuid="038a0639-f9e4-4303-8fcc-d43e73fa480f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Bridgewell%20pers.png?VersionId=eGBElxmNqJW.YF3JFYgHTnPgAstdyXR3" />

According to the Design Report, the project has been conceived as a “gateway proposal” that responds to Maroubra’s evolving urban character and its proximity to the town centre.

“Designed to complement the character of Maroubra’s town centre, this gateway proposal features a building scale that matches its surroundings,” the report stated.

“It integrates residential units above a ground-level childcare centre, fulfilling the strategic objectives of the Randwick City Council Masterplan.”

The apartment mix is weighted toward larger residences aimed at families and downsizers, reflecting changing demographics in the Randwick LGA and increasing demand for medium-density housing close to transport and amenity.

BKA Architecture said the proposal seeks to reinforce Maroubra Road as a civic spine while improving the pedestrian experience around the site through landscaping and upgraded public interfaces.

“The design capitalises on the following site opportunities: reinforcement of Maroubra Road as a civic spine, enhancement of pedestrian pathways and the public interface via new landscaping, and strong market demand for two and three-bedroom apartments to support families and down-sizers,” the Design Report noted.

<img alt="First look: Bridgewell plots 120 apartments and childcare centre in Maroubra town centre" data-entity-type="file" data-entity-uuid="ee509779-3c7e-4918-b03d-761c785459d0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Bridgewell%20site.png?VersionId=eZC4Ruyn.C7O.Qwfr1SVeP5.ds1c5.66" />

The building has been designed with setbacks and articulation intended to transition between the commercial intensity of Maroubra Junction and the surrounding lower-scale residential neighbourhoods. Communal open space is proposed on level one, while upper-level apartments would secure views towards Port Botany, Maroubra Beach and Sydney’s eastern suburbs.

The development sits around 200 metres east of the Maroubra Junction intersection of Anzac Parade and Maroubra Road, within one of Randwick’s identified strategic centres. The site is close to Pacific Square Shopping Centre, major bus routes, schools, parks and future cycling infrastructure proposed under the Maroubra Junction Masterplan.

The Maroubra proposal aligns with broader NSW Government initiatives encouraging higher-density housing near established centres and transport corridors, particularly where affordable housing is incorporated.

Bridgewell is also working on a <a href="https://www.apartments.com.au/news/qld/goldfields-sets-the-stage-as-quartet-milton-launches">new 55-unit project in Killara</a>.

Joel Robinson

First look: Bridgewell plots 120 apartments and childcare centre in Maroubra town centre

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.

[smartcode_project:default project_id=108736 project_image_fid=367993]

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."

[smartcode_project:default project_id=108736 project_image_fid=368000]

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."

[smartcode_project:default project_id=108736 project_image_fid=367999]

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.

[smartcode_project:default project_id=108736 project_image_fid=367991]

<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, a level 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.

[smartcode_project_cta:default project_id=108736]

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.

[smartcode_project:default project_id=140747 project_image_fid=367540]

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.

[smartcode_project:default project_id=140747 project_image_fid=367529]

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.

[smartcode_project_cta:default project_id=140747]

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.

[smartcode_project:default project_id=509 project_image_fid=365684]

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;

[smartcode_project:default project_id=509 project_image_fid=365687]

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.

[smartcode_project:default project_id=509 project_image_fid=365689]

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.

[smartcode_project_cta:default project_id=509]

Heritage-led design anchors Far East Consortium’s 640 Bourke St, Melbourne

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.

[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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Artist Tim Storrier and his wife, Janet, have listed their historic rural Bathurst estate, as well as their Double Bay pad.
They hope to get $8 million from the two offerings.
Blackdown, the Storriers' Bathurst estate, cost $2.5 million in 2008 when bought from the hair care product pioneer Anton Starling, who'd sought more than $3.5 million.
The 56-hectare property is four kilometres from the Bathurst city centre, at Eglinton.
The house was built for commissariat storekeeper Thomas Hawkins, his wife, Elizabeth, and their eight children after a land grant by Governor Thomas Brisbane.
Thomas  Hawkins, a former British naval officer, had been appointed commissarial storekeeper at Bathurst in 1822.
Hawkins has spent 18 days to get across the Blue Mountains to Bathurst, where he selected the holding on the Macquarie River.
The Ian Stapleton-renovated homestead comes with tennis court, pool, dressage arena, stable complex, and a recently constructed artist's studio in its grounds.
Blackdown is listed with $4 million-plus hopes through Bill Bridges of Ballard Property Group and James Thompson of <a target="_blank" href="https://www.homehound.com.au/90+eleven+mile+drive+bathurst+nsw+2795/20579368/">The Professionals Bathurst</a>.
The Storriers' Double Bay residence has been in Janet's family since 1966 when the Holt Street property was bought by her parents, Meyer and Stephanie Marshall.
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Tim Storrier lists Blackdown at Bathurst with $4 million-plus hopes

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A tranquil waterfront apartment that sold for $1.56 million at auction two weeks ago is now available to rent for $1,400 per week, reflecting a gross rental yield of 4.67% for its investor buyer.
 The 1930s two-bedroom pied-a-terre was created by renowned architect Iain Halliday of Burley Katon Halliday (BKH), who worked in conjunction with esteemed feng shui master and architect Howard Choy.
It was sold by the Los Angeles self-betterment entrepreneur Siimon Reynolds, who secured its for $788,000 in 1997.
 The tranquil sanctuary offers 180-degree views of the bay, the promenade and the park with waters lapping on the doorstep.
<a href="https://www.propertyobserver.com.au/title-tattle/siimon-reynolds-sells-double-bay-apartment-for-%24156-million" target="_blank">Located at 3/1 Wiston Gardens Double Bay</a>, the apartment offers spacious indoor and outdoor living and entertaining areas with a generous northeast-facing terrace.
With a polished limestone bathroom and a stainless steel Miele gas kitchen with integrated appliances, this contemporary apartment embraces traditional feng shui principles.
 The property is being leased by Darren Lawson from BHR Group Edgecliff.
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Siimon Reynolds' Double Bay apartment buyer seeks 4.67% rental yield

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Two spaces in Sydney’s Newtown development Flourmill Studios have been listed for sale with an eye towards buyers who have self-managed super funds.
<img src="/images/stories/2012/09/flourmill.jpg">
Rooms <a href="https://www.realestateview.com.au/Real-Estate/301-3-gladstone-street-newtown/Property-Details-buy-commercial-4310937" target="_blank">301 </a>and <a href="https://www.realestateview.com.au/Real-Estate/206-3-gladstone-street-newtown/Property-Details-buy-commercial-4310931" target="_blank">206 </a>at 3 Gladstone Street (pictured above) are being sold by Eric Lundberg from DB Property Surry Hills.
Both properties are currently leased and have a net yield of around 7%. Room 303 has an asking price of around $280,000, while 206 is asking $380,000.
The building was the winner of the Marrickville Council award for adaptive use of a heritage building.
The building is mainly tenanted or owner-occupied by creative industries. Room 206 is tenanted by a film editing company, and 303 is a talent agency.
Both leases are ending reasonably soon, which Lundberg says is beneficial for self-managed super fund buyers who could avoid paying GST on properties with an ongoing concern.
Lundberg sold all the current 47 stratas in the building, which was converted in 2007.
The building was originally called the Federal Flourmills and was designed by Sydney architects Nixon and Allen, according to the Baker and Confectioners’ Journal in 1907.
At its peak, the mill was a 24-hour operation milling three types of wheat.
The mill closed down in 1984 and was sold by Allied Mills Pty Ltd and converted to artists’ workshops.
Over the next 20 years the mill was occupied by painters, sculptors, musicians, stained glass makers, dancers and other creative types.
The adjacent silos were subdivided from the site in 2002 and converted to residential apartments.
The building was developed by Podcorp and designed by architects Allen Jack + Cottier.
The conversion preserved the original timber columns and beams, loading-bay doors, historic fire doors and the remnants of the drive shafts, wheels and belts that once powered the mill.
Lundberg says the yields on the studios are bolstered by strong capital growth given the scarcity of properties like these.
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Two creative studios in inner-west Newtown listed with an eye to self-managed super fund buyers

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When it came to architecture, Sir Roy Grounds is regarded a a leader of the Australian modern movement.

It's been suggested Grounds' industrially grained aesthetic lent a timeless quality to public and private spaces, the latter certainly evident at the recently listed six-hectare property Dunraven at <a href="/news">Table Top</a> in NSW.
<div>
Dunraven has been described as monumental but also inviting.
It was designed in the 1970s for the former MP Sir David Fairbairn, with original features including straw ceilings, exposed beams and cement-block walls.
It's now been listed by the fourth owners, Barry and Helen Clifton, who were the first to carry out any major renovations, including its kitchen upgrade.
</div>
The property is 15 kilometres north-west of Albury on a ridge with views of Albury's night lights to the west and Hume Weir to the east.
The 537-square-metre house comes with full-length six-metre-high windows and sliding doors. There are six bedrooms – two with ensuites. There are also formal sitting and dining rooms and a home office.
The Cliftons bought the lifestyle property four years ago.
It's been listed by Brian Phegan at <a href="https://www.brianphegan.com.au/" target="_blank">Brian Phegan Real Estate Albury </a>with $1 million-plus hopes. Offers are due by November 16.
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Dunraven, the Sir Roy Grounds-designed Table Top property, listed

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The church hall in Surry Hills where Australia's first television show was broadcast has been sold for $2.53 million plus GST through Ben Collier at McGrath Estate Agents.
St David's Hall was sold by Industrie Clothing founders Nick and Susie Kelly inpartnership with Boris Tosic, whose plan for a motor bike shop ran into resistance from neighbours.
They bought it for $2.53 million inclusive of GST in December 2011.
The Victorian Gothic-style church hall was one of two locations where Channel 9's first TV broadcast took place on September 16, 1956.
"The hall played a significant role in the history of Australian media," Brendan Horgan, a former media historian with the National Film and Sound Archive told News Ltd.
"Sir Frank Packer left instructions that Channel 9 had to be the first station in Australia to air, but the Willoughby premises were still under construction so they created a makeshift studio at St David's."
Bruce Gyngell said those now-famous words "Welcome to television" were broadcast from a small edit room in the Willoughby basement then the broadcast cut back to St David's in <a target="_blank" href="/news">Surry Hills</a>, where the opening night extravaganza took place.
It was broadcast from microwave links on top of the hall back to Willoughby.
The vacant church hall sits on 415 square metres. It was sold in late 2011 by the remaining member of a syndicate that had bought it in 1991 from adman John Singleton for $800,000. 
The historic church hall was converted to townhouses in 1980 by architect Malcolm Carver, but after its renovation, the double street-fronted property remained in commercial use.</body></html>

Historic Surry Hills hall resells at same price, plus or minus GST

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Kippilaw, the Breadalbane homestead well known to anyone with an interest in NSW colonial history, has been listed for sale. 
{yoogallery src=[images/stories/2012/09/sept27outkipp]}
Meares &amp; Associates, the rural property specialists,  are expecting a $6 million-plus sale for the Goulburn district holding.
Its history stretches back 180 years to when James Chisolm and his wife, Elizabeth, moved to the NSW southern tablelands district, taking up a grant of 1,280 acres (518 hectares) given to her as a marriage portion from Governor Ralph Darling , a custom begun by Governor Lachlan Macquarie for settlers on their marriage.
Elizabeth named their 1837 Georgian residence after her birthplace in Scotland, Kippilaw, near Melrose Abbey.
Its meaning comes from "Kippi" which is Pictish for "little", and "law", which is Saxon for "hill". The homestead became a meeting place and party house for visiting friends. Mary Durack, in her seminal Australian pioneering history Kings In Grass Castles, devoted several pages to the generosity of the Chisolms at Kippilaw.
The restored house, with views of the Wollondilly River and gardens in the Italian manner, has been listed through Meares &amp; Associates agent Chris Meares.
He oversaw the last sale when in 1997 Janet and Graham Webb sold the farm to businessman Robert Rich and wife Helen in 1997 for about $2.6 million.
Kippilaw is a viable working farm with 400 acres (about 160 hectares) of quality breeding and fattening country, which have been well fertilised and pasture improved over the years. It grazes and fattens 160 cattle on the pastured acres, supplemented by winter grazing crops.
“Kippilaw has always been regarded as one of the outstanding rural holdings in southern New South Wales,"  Meares says.
“While markets may be fickle in present times it is the quality assets which remain hard to find and therefore difficult to procure.
"The sale of Kippilaw is an example of one of the prize holdings within a 2¼ hour radius of Sydney being offered for sale this year,” he says.
Kippilaw's interior photos, next page
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The Kippilaw homestead is a two-storey, six-bedroom stone house comprising four separate wings with a central courtyard.
{yoogallery src=[images/stories/2012/09/sept27inkippilaw]}
It was built from locally convict quarried stone with crafted cedar joinery.
It comes with the Old Kippilaw School House.
The Kippilaw gardens comes with oak trees line as old as the house that line the driveway.
It's described as an easy care garden with its in-ground computerised irrigation system from the Wollondilly River and backup bore.
The gardens comes with tennis court and nearby in ground swimming pool with small pool house.
There's the sunken garden built by one of the Chisholm boys during WWI and the historic rose garden, supplemented by carpets of daffodils, jonquils, iris, peonies and roses with a spectacular wisteria and rose archway.
It also includes a separate self?contained two bedroom apartment and the 1810 caretaker’s cottage.</body></html>

Kippilaw, 180-year-old NSW colonial homestead, listed

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From October 1, the government’s crackdown on the living away from home allowance (LAFHA) will officially be in play. The reform will tighten LAFHA tax breaks and put new limits on accommodation and food benefits for employees working away from home.
At Lifestyle Property Agency, we specialise in leasing properties to corporate executives in the Sydney CBD and immediate surrounds; over the past few months, we have already begun to feel the sting of the legislation changes on executive rentals.
In the past, most corporate budgets for leased property would range from $750 to $3,000 per week, and a mix of both local and international executives ensured that the high-end city rental market was kept buoyant.
In 2012, international rental enquiries have all but fizzled out, and any property listed for over $1,200 per week has been leased to local Aussies.
Rohan Alexander, Lifestyle’s associate director, has leased over 100 corporate rentals this year and says he has experienced the following major changes:
1) Based on the uncertainty of the new changes, current tenants benefitting from the LAFHA are renewing their leases for only three months as opposed to 12 months.
2) Tenants are on the hunt for cheaper accommodation, reducing their weekly budgets by as much as $500.
3) All rental properties priced $1,000 – $3,000 per week have been leased to Australian residents.
4) International enquiries have taken a dramatic dive – from making up almost half of all enquiries prior to 2012 to virtually non-existent this year.
At this stage, the only positive outcome we can see is that properties ranged $500 to $750 per week will now be much more sought after, and demand has already surpassed supply.
However, as this trend continues, we will see a rise in vacancies for city properties in the higher end of the market which may in turn affect sales values.
It’s also sad to see a shift in the diversity of the inner-Sydney market, with many international executives currently being sent to other cities.
At Lifestyle, we aim to showcase properties that embody the ultimate in Sydney city living. Perhaps, moving forward, recruiters should also focus on selling the key desirables of our city lifestyle when securing international talent. This may help to build an intrinsic affiliation with our city that outweighs remuneration benefits.
In the long term, I am confident that the market will recover, but the decision couldn’t have come at a worse time.
Carlie Ziri is the director of <a href="https://www.lifestylepropertyagency.com/" target="_blank">Lifestyle Property Agency.</a>
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Sydney’s rental market feeling the sting of changes to living away from home allowance

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The NSW National Trust has secured a $4,551,000 sale of Paddington's Juniper Hall to the well-known Moran healthcare family, who own a portfolio of heritage properties.
They plan to turn the historic Oxford Street premises into an art gallery. "We are delighted that Juniper Hall will be restored by the Moran family, a family who have a dedicated passion for heritage and the arts,'' Brian Scarsbrick CEO of the National Trust of Australia (NSW) said. "Their track record for restoring heritage properties is impeccable," The Wentworth Courier reported. Family matriarch Greta Moran is a distant relative of Sarah Cooper, who was the wife of the entrepreneur Robert Cooper, who built the two-storey Georgian house Juniper Hall. The Oxford Street premises dates back to 1824, believed to be the oldest surviving mansion from the days of Governor Lachlan Macquarie. The Moran family are renowned for restoring historic homes across Sydney, including Redleaf in Wahroonga, Blandford in Leura, the Gothic home Swifts at Darling Point and the more contemporary Liner House in Bridge Street, Sydney.
The family intend to turn the ground floor into a gallery to house the Moran Prizes, which are sponsored and administered by the Moran Arts Foundation. The original four rooms on this level would be permanently opened to the general public. They are likely to have the first floor and attic converted into a private residence for one of the family members. Local controversy surrounded the sale local residents petitioning to keep the National Trust property in public hands. But the sale was of a<a target="_blank" href="https://www.propertyobserver.com.au/new-south-wales/national-trust-list-problematic-juniper-hall-paddington-property-for-auction/2012082456229"> 99-year leasehold title, </a>with the family assuming the responsibility for its restoration.
“The marketing campaign succeeded in generating a significant response from a broad variety of uses,” said Tony Anderson of Cushman &amp; Wakefield.
“As such, the property was the subject of competitive bidding and the price achieved represents fair market value,” he said.
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Sydney's Moran family takes the prize as National Trust offloads Juniper Hall for $4.5 million

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The historic Lewis Anchorage site, located on Mangrove Street, Taren’s Point, in Sydney’s South, has been listed for sale with $6 million expectations.
<img src="/images/stories/2012/09/lew.jpg">
The property is situated in the southern shores of Botany Bay in close proximity to the entrance of the Georges River.
The property, which is currently occupied by boat repair and maintenance businesses, has a land area of 8,704 square metres and a <a href="https://dictionary.nwc.gov.au/water_dictionary/item.cfm?id=707&amp;xref=1" target="_blank">water lease</a> of 6,025 square metres. The sale is being conducted through Brett Cooper of Cooper Wilson, who says comparable opportunities have been few.
The site has been in the current owner’s family since 1935 commencing with a long commercial association with Botany Bay oyster farming from the early 1900s. In 1956 the Lewis family successfully dredged providing better access to Botany Bay for many vessels.
 In 1978, following the demise of the Georges River oyster industry, Lewis Anchorage shifted focus from oyster farming to the marine business. With over two acres of land, large compounds were initially sectioned off to store small boats and trailers. A boat launching ramp was constructed so that it could launch three boats at the one time.
 To provide maintenance and repairs to boats, the construction of the 70-tonne capacity <a href="https://en.wikipedia.org/wiki/Ship_lift" target="_blank">ship-lift</a> was completed in 1986, to lift boats out of the water. Since then, the site has lifted and housed huge cruisers both private and commercial for maintenance. Both Riviera and Maritimo vessels are sent to the site for packing prior to being exported. The marine repair facility has catered for many essential service vessels and a wide variety of private crafts, including Water Police, Coast Guard, Sydney Port Pilots, the Navy and the Army.
Current outgoing rates that are associated with the anchorage include Council rates ($13,348.80 plus GST per annum), water rates ($684.28 plus GST per annum) and a land tax of $35,897.30 plus GST per annum.
The property is situated in the southern shores of Botany Bay and is in close proximity to the entrance of the Georges River. <a target="_blank" href="/news">Taren Point</a> is only six kilometres to Cronulla and 25 kilometres to the Sydney CBD.
Expressions of interest in the property close on October 11 unless sold prior.
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Historic Lewis Anchorage site fishing for $6 million new owner

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The central western NSW town of Mudgee, a hotspot for mining, agriculture and tourism, has been the top-performing NSW housing market over the past year, according to the latest Residex regional market update.
Mudgee district house prices are up 7.44% for the year to August, with a median house price of $272,500 following a gain of less than 1% in the previous 12-month period.
Residex reported a 16% jump in sales in Mudgee over this period, with 548 properties selling.
The median Mudgee rent is up 30% for the year to $410 per week, equating to an average yield of around 7.8%.
Mudgee ranked just above the Hunter Valley, where houses appreciated 7.18% over the year to August with a median price of $324,000.
Other strong performers were Riverina houses (4.27%), Penrith Windsor houses (3.95%) in Sydney’s West, Bathurst Orange Houses (3.43%) and south-west Sydney units (3.47%).
The worst-performing markets was upmarket Neutral Bay/Spit houses (-8.16%  to a median of $2.02 million) followed by north coast houses (Port Macquarie, Coffs Harbour, Foster), with prices down 5.53% to a median of $348,000.
<table border="1" cellspacing="0" cellpadding="0" style="width: 470px;"><tbody>
<tr>
<td valign="top" width="123">
Area
</td>
<td valign="top" width="123">
Median price
</td>
<td valign="top" width="123">
Annual capital growth to August 2012
</td>
<td valign="top" width="123">
Median rent
</td>
<td valign="top" width="123">
Yield
</td>
</tr>
<tr>
<td valign="top" width="123">
Mudgee District houses
</td>
<td valign="top" width="123">
$272,500
</td>
<td valign="top" width="123">
7.44%
</td>
<td valign="top" width="123">
$410
</td>
<td valign="top" width="123">
7.8%
</td>
</tr>
<tr>
<td valign="top" width="123">
Hunter Valley houses
</td>
<td valign="top" width="123">
$324,000
</td>
<td valign="top" width="123">
7.18%
</td>
<td valign="top" width="123">
$405
</td>
<td valign="top" width="123">
6.5%
</td>
</tr>
<tr>
<td valign="top" width="123">
Riverina houses
</td>
<td valign="top" width="123">
$236,000
</td>
<td valign="top" width="123">
4.27%
</td>
<td valign="top" width="123">
$270
</td>
<td valign="top" width="123">
6%
</td>
</tr>
<tr>
<td valign="top" width="123">
Penrith Windsor houses
</td>
<td valign="top" width="123">
$391,500
</td>
<td valign="top" width="123">
3.95%
</td>
<td valign="top" width="123">
$420
</td>
<td valign="top" width="123">
5.6%
</td>
</tr>
<tr>
<td valign="top" width="123">
South West units
</td>
<td valign="top" width="123">
$411,500
</td>
<td valign="top" width="123">
3.47%
</td>
<td valign="top" width="123">
$445
</td>
<td valign="top" width="123">
5.6%
</td>
</tr>
<tr>
<td valign="top" width="123">
Bathurst Orange Houses
</td>
<td valign="top" width="123">
$280,000
</td>
<td valign="top" width="123">
3.43%
</td>
<td valign="top" width="123">
$320
</td>
<td valign="top" width="123">
6%
</td>
</tr>
<tr>
<td valign="top" width="123">
South units
</td>
<td valign="top" width="123">
$611,000
</td>
<td valign="top" width="123">
3.24%
</td>
<td valign="top" width="123">
$645
</td>
<td valign="top" width="123">
5.5%
</td>
</tr>
<tr>
<td valign="top" width="123">
Campbelltown houses
</td>
<td valign="top" width="123">
$363,000
</td>
<td valign="top" width="123">
3.13%
</td>
<td valign="top" width="123">
$420
</td>
<td valign="top" width="123">
6%
</td>
</tr>
<tr>
<td valign="top" width="123">
Newcastle houses
</td>
<td valign="top" width="123">
$403,500
</td>
<td valign="top" width="123">
3.08%
</td>
<td valign="top" width="123">
$415
</td>
<td valign="top" width="123">
5.4%
</td>
</tr>
<tr>
<td valign="top" width="123">
North West units
</td>
<td valign="top" width="123">
$444,000
</td>
<td valign="top" width="123">
2.89%
</td>
<td valign="top" width="123">
$475
</td>
<td valign="top" width="123">
5.7%
</td>
</tr>
</tbody></table>
 The historic country town of Mudgee lies 270 kilometres north-west of Sydney in the fertile Cudgegong River valley and benefits from both agriculture, tourism and nearby mining activity.


<hr class="system-pagebreak">
It was included on Smart Property Investment magazine’s Fast 50 report due to nearby mining activity and expectations of strong population growth.
Luke Berry of property investment advisory firm nexthotspot.com.au says there are a possible six resources projects opening up in the next three to five years in the Mid-Western Shire, which will create an additional 2,000 new jobs.
Berry expects the Mudgee population to grow by 25%, or 6,000 people, over the next five years.
Mudgee also benefits from a very tight rental market, with realestate.com.au reporting just 56 properties available for rent.
Recent property sales in Mudgee include <a href="https://www.realestate.com.au/property-house-nsw-mudgee-110637257" target="_blank">this five-bedroom Victorian-era home (pictured below) – Kia-Ora – on Gladstone Street</a>, which sold through Damian Kearns of The Property Shop – Mudgee for $665,000. It dates back to 1898 and has previously operated as a bed and breakfast. It had a land value of $33,300 in 1995, according to RP Data records.
<img width="470" src="/images/stories/2012/09/kiaora.jpg">
Mudgee's first property boom occured around 1851, when gold was discovered nearby by Edward Hargreaves leading to prospectors flocking to the town, with the population soaring from just 200 to reach around 20,000. Following the petering out of the gold rush towards the end of the 19th century, Mudgee was sustained by the wool and wine industries as well as the opening of a railway extension in 1884.
<img width="470" src="/images/stories/2012/09/mudge.jpg">
Closer to the Mudgee median price, <a target="_blank" href="https://www.realestate.com.au/property-house-nsw-mudgee-111330771">this renovated three-bedroom house</a> (pictured above) on a 1,110-square-metre block on Lewis Street sold through Lucas Sheppard, also of the Property Shop, for $350,000 in August. The unrenovated property sold for $295,000 in February last year, having sold for $110,000 in 2000.
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Latest New South Wales Property News

First look: Bridgewell plots 120 apartments and childcare centre in Maroubra town centre

Editor's Picks

Developments

New apartments

New townhouses

News

Latest New South Wales Property News

First look: Bridgewell plots 120 apartments and childcare centre in Maroubra town centre

Editor's Picks

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Developments

New apartments

New townhouses

News