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

Goldfields sets the stage as Quartet Milton launches

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

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

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

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

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

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

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

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

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

Every First Home Owner Grant for new property by state

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

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

Staff Writer

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

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

alisonwarters@gmail.com

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

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

Ellen Walker

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

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A 1,500-square-metre Victorian building in the Bathurst CBD with Westpac as its anchor tenant has been sold at auction for $2.125 million.
Westpac leases 80% of the property at 86 William Street, with the other tenancies being an office and four-bedroom residence upstairs, both of which are leased.
The sale price reflected a yield of 7.3% on income of $155,000.
The property was marketed by Charles Gonzalez from Burgess Rawson as part of a commercial property portfolio auction, which also included a <a href="https://www.propertyobserver.com.au/retail/high-yields-for-7-elevens-continue-to-attract-investors/2011120752720" target="_blank">Mount Druitt 7-Eleven service station that sold for over $4 million.</a>
Gonzalez describes the Bathurst property as a “substantial classic freehold building”.
Westpac has a 10-year lease on the building running from June 2009 with an option of a five-year renewal. The new owner is guaranteed 3% annual rent increases, with Westpac paying outgoings.
One of the two properties that did not sell at the December 6 auction was a Woolworths Caltex Service in Seven Hills offering annual income of $183,000. Negotiations are currently under way over the sale of this property.
An 830-square-metre strata floor on Broadway, Ultimo near the Sydney CBD offered as vacant possession also failed to sell despite some bidding.
 
 
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Westpac Bathurst site sold for $2.12 million

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{yoogallery src=[images/stories/december9mosman]}
A three-bedroom Mosman home designed and owned by architect Stan Symonds has been on the market since October 2008 and recently withstood two legal attacks on its leafy garden.
The Oswald Street home has two bathrooms, a large family room and a two-car garage. It has an open-plan lounge and dining area opening onto a terrace garden.
The house sits on a 601-square-metre block of land overlooking Reid Park and Mosman Bay.
The garden surrounding the architect’s home is the showcase of the house. Thick vegetation surrounds the home and keeps it hidden from the street. Kaffir Plum, Jacaranda and Hackberry trees frame the view from the living room.
<a href="https://www.propertyobserver.com.au/residential/two-more-mosmanites-fail-to-lop-their-neighbour-s-trees/2011112452521">Last month neighbours attempted legal action against Symonds contending that his trees blocked their views of the harbour and might damage their property</a>. The trees remain safe with the court dismissing both cases.
The home even features a rooftop garden with fish pond and cabana.
David Smeallie from Belle Property Mosman has the listing, with current a current price hopes of more than $1.5 million, down from $1.69 million in October and $2 million in 2009.
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Organic Mosman apartment on the market

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The development application for a nine-storey replacement to the former Ritz Carlton/Stamford Plaza hotel site at Double Bay has been unanimously approved by the Sydney East Joint Regional Planning Panel as long as the developer makes it eight storeys.
The panel considered the application for the long-dormant Cross Street site at a public meeting held at Woollahra Council Chambers.
<img src="/images/stories/cinemadoublebay2.jpg">
The development proposal is for the demolition of the former Ritz Carlton/Stamford Plaza Hotel and construction of a residential complex <a href="https://www.propertyobserver.com.au/new-south-wales/palace-to-bring-popcorn-back-to-double-bay/2011082351268" target="_blank">with mixed-used cinemas and retail on the ground and first floor levels</a>.
Woollahra Council planning staff had recommended conditional approval.
The development was approved in accordance with the staff recommendation but with a new condition requiring the sixth level to be removed from the building, reducing it to eight storeys.
The project under previous owner Ashington stalled in 2009 when public demonstrations were held against the proposed 14-storey high-rise development.
<img src="/images/stories/cinemadoublebay3.jpg">
Ashington took the application without success to Minister for Planning Kristina Keneally after concluding the council would never deviate from demands that it claimed rendered the project financially unviable.
The former mayor of Woollahra Keri Huxley described Ashington's proposal as "tantamount to a Surfers Paradise on Sydney Harbour". Ashington proposed development, at 52.4 metres, was more than three times the 16.5-metre limit imposed by planning controls.
The current mayor, Susan Wynne, welcomed the eight-storey development.
"I am thrilled, it’s an exciting time for Double Bay with the approval of this development.
"Along with the proposed Kiaora Lands development currently on public exhibition till 15 February 2012, these two sites could inject approximately $140 million worth of investment into the area as well as create jobs for the local community.
"Council has always been supportive of a cinema returning to Double Bay as this is a major drawcard for residents and visitors.”
The latest development has been fronted by Kevin McCabe, the founder and chairman of Scarborough Group International, a real estate and leisure activities group wholly owned by the McCabe family.
The joint planning panel was chaired by John Roseth. It heard some 20 ratepayer rejection requests from Keri Huxley, Michael Rolfe,  Barry Lewis, Susan Shaw and Philip Mason. Frances Keevil addressed the panel in favour of the item, along with Greg Solomon.
The development has been designed by architectural firm PTW.
The nine-storey application hit some resistance when earlier this month Woollahra councillors considered the assessment report from planning staff and resolved to advise the Joint Regional Planning Panel that the application should be refused for reasons relating to excessive height, bulk and scale and non-compliance with the council's planning controls.
The $67 million project was for demolition of the existing building from ground-floor level, retention of the basement carpark for 154 vehicles, construction of a mixed-use development with retail tenancies and a five-cinema complex for approximately 600 people which occupies the ground and first floor levels and seven levels of residential above containing 74 units (a mix of one, two and three bedrooms).
It will now be one storey less if the developers proceeds.
Architect's impressions by PTW Architects
 
 
 
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Double Bay cinema and residential project approved after planning panel cuts it down to size

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{yoogallery src=[images/stories/december14holly]}
Actress Holly Brisley, best remembered for her role as a troublemaker on Home And Away, and her property investor husband, Paul, have listed their Bondi Beach abode.
The couple were among the 2006 buyers who snapped up an off-the-plan apartment in the Bondi complex, the apartment block on Campbell Parade that replaced the Bondi Beachside Inn.
They are now seeking $7 million plus for their opulently appointed half-floor residence through Steven Chen and Elizabeth Brunton at McGrath Estate Agents.
It has views that stretch across the beach and bay from North Bondi to Tamarama from the northern side of the building
It has three bedrooms all with ensuite bathrooms, and its luxurious appointments feature custom American oak joinery.
There’s also C-Bus 2 intelligence system with automated blinds and curtains. The couple are understood to have their eye on an off-market house-buying opportunity elsewhere on the coastal eastern suburbs strip.
A few floors down in the same block, Little Joe fashion salon owners Gail Elliott and Joe Coffey are also seeking buyers for their huge apartment overlooking Bondi Beach.
They paid $6.75 million for the 486-square-metre The Bondi apartment with a huge deck off the plan in 2006 and are now seeking more than $8 million for the property. It’s being sold through Steven Chen in conjunction with Barry Goldman of Raine &amp; Horne Double Bay.
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Home and Away actress Holly Brisley lists in Bondi Beach

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The penthouse on top of the Ritz at Cremorne Point has been sold.
Its price has not been disclosed, but a $7 million offer was recently rejected, with those buyers instead securing a $5.5 million house nearby.
It sold through LJ Hooker Mosman agents Geoff Smith and Richard Harding.
The Milson Road penthouse, with four bedrooms and six bathrooms, spreads over 400 square metres.
It includes a rooftop terrace and garden with space to entertain 300 guests.
The property was purchased by a local retired couple who will undertake internal renovations and redecorating before taking up residence.
The penthouse has been two apartments joined together, while retaining two kitchens.
The new owners intend to reconfigure the space so it becomes one purpose-built penthouse reflecting their own taste and style.
The building’s recreation area is resort like with limestone walls and extensive facilities, including pools, gyms, squash court, sauna, spa and steam room.
The entire building has just completed a major restoration to the tune of $1.5 million.
“The incoming purchasers saw the current world economic turmoil and the fact that the property  was in the hands of Taylor Woodings as receivers and managers, as providing an extraordinary opportunity to secure a unique and dramatic penthouse of enormous proportions at a very attractive price,” Smith says.
“When finished the new owners will have arguably created the biggest and best penthouse in  Sydney in a prestigious and completely restored building,” Harding adds.
It was listed through the receivers after the developer, Simon Symond, who was weighed down by a stalled shopping centre project at Toongabbie, lost control of it during the global financial crisis.
The penthouse, which took Symond a decade to develop, was completed in 1996.
Symond bought The Ritz site for $3 million in 1986 when it was a rundown boarding house accommodating 90 tenants paying about $50 a week.
It sold through LJ Hooker Mosman, who had its listing in conjunction with Colliers International Hong Kong agent James Hall in case there was any offshore interest.
It’s understood the sale fell short of $9 million, which was the aim its 2010 marketing campaign, and a north shore apartment record.
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Ritz Cremorne Point penthouse to get renovation after sale to retirees

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Former NSW lands minister Tony Kelly faces the prospect of criminal charges after the Independent Commission Against Corruption found he acted corruptly over the purchase of the Pittwater property, Currawong.
The NSW corruption watchdog has found Kelly "engaged in corrupt conduct" earlier this year involving the $12.2 million purchase.
ICAC commissioner David Ipp has advised the state government to consider launching criminal charges.
The former workers’ retreat at Currawong had a troubled planning history, having been sold by Unions NSW to a private developer, Eco Villages, in controversial circumstances in 2009.
Less than a fortnight before this year's state election, and despite lacking authority from the former NSW premier Kristina Keneally, the former chief of the Land and Property Management Authority Warwick Watkins bought the land for public use in March much to the joy of conservationists.
The report tabled in Parliament found Watkins engaged in corrupt activity when he asked Kelly to sign a backdated letter that gave him permission to buy a property, Currawong, without the government’s consent.
The nostalgic 20-hectare Pittwater beachfront site is where union workers have holidayed since 1949.
There was wild talk of its $20 million value in boomtime 1988 when the Labour Council was under the control of John MacBean.
In 1990 the NSW Trades and Labour Council overturned its decision to sell its Currawong Beach site to the property developer CRI for $3.87 million.
It was relisted in 1991 by Michael Easson's Labour Council of with private residential potential or small leisure resort possibilities, and spruiked by Macquarie Bank's Rob Lee.
In 1999 Michael Costa, who was then the Labour Council secretary, tried unsuccessfully to negotiate a 99-year lease with the transcendental meditation group Maharishi TM Incorporated.
In 2006, three days before Christmas, Allen Linz and Eduard Litver lodged documents with the Land Titles Office for the Currawong beach cottages, which are surrounded by national park, under the company name Echo Villages Pty Ltd.
A spokeswoman for the Friends of Currawong, Jo Holder, accused the then secretary of Unions NSW, John Robertson, of deliberately putting the land in private hands after a long campaign to retain it for public use.
 
 
 
 
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Former NSW lands minister Tony Kelly faces criminal corruption charges over government's Pittwater land purchase

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{yoogallery src=[images/stories/november14hawkins]}
The Coogee home of Jennifer Hawkins, the former Miss Universe, television personality and swimwear designer, and her fiance, Jake Wall, was passed in at weekend auction on a $2.5 million vendor bid through McGrath agent Adrian Bo.
It’s now listed with a $2.6 million asking price.
The couple moved out of the Moore Street townhouse several months ago – staying at The Star casino in the interim – while waiting for construction of their northern beaches home to be completed in the Windy Dropdown gated estate.
<a href="https://www.propertyobserver.com.au/https://www.propertyobserver.com.au/new-south-wales/model-jennifer-hawkins-coogee-pad-finally-hits-the-market/2011111452342" target="_blank">The 2003-built Coogee property</a> has three bedrooms and three bathrooms. It cost Hawkins $2.27 million in late 2008.
The main bedroom comes with ensuite, dressing room and terrace. One of its ultra-modern bathrooms has a Japanese agape spoon bath. Its third bedroom could be a home theatre or home office.
There’s a private rooftop terrace with ocean views as well as a cellar – all a stroll to Gordon’s Bay and Coogee and minutes to shops, cafes and transport.
Much of the house, including a feature wall of Florence Broadhurst-style wallpaper, pre-dates Hawkins’ 2008 purchase.
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Jennifer Hawkins' Coogee home passed in

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{yoogallery src=[images/stories/december9mordant]}
Arts guru merchant banker Simon Mordant is the reputed $11 million buyer of the garden apartment in the recently completed Buckhurst block in Point Piper.
The ELK development group secured $68 million in sales of the <a href="https://www.propertyobserver.com.au/residential/luxury-buckhurst-point-piper-block-sells-out/2011112552548" target="_blank">six harbourfront Buckhurst Avenue apartments</a>. The whole-floor units were designed by architect Alex Popov, with interiors by Ruth Levine Designs, following two years of construction.
Simon and Catriona Mordant have been living in Darling Point for the past 24 years, with almost a decade in a two-storey hillside triplex penthouse developed by Ron Powell to a design by Peddle Thorp and Walker.
Their current abode, which cost $5.25 million in 2002, had 245 square metres of space plus 95 square metres of terraces.
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Art aficionado merchant banker Simon Mordant reputedly buys in Point Piper

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{yoogallery src=[images/stories/december7pymble]}
The 1902 Pymble residence sometimes known as Abia and also Coromandel has been listed for December 14 auction, sitting among the last wave of pre-Christmas auctions.
The Church Street house, which comes with five double bedrooms – three with handy fireplaces – is tipped by its McGrath agents to fetch more than $4.25 million.
Its main bedroom leads to a veranda, study/library (with marble fireplace) and a return veranda with views. The large in-ground pool has sandstone surrounds and a gazebo, and the property is set in landscaped gardens (by Gordon Sykes) on about 1,566 square metres with a northerly aspect. The Federation house on a quiet street catches views of the city skyline and Lane Cove valley.
It is also within easy access to a number of schools including PLC, Knox, Barker, Abbotsleigh and Pymble Public School.
It last traded at $3 million in 2002.
Its listing agents are Carole McCrea and Philip Waller from McGrath in conjunction with McConnell Bourn agent Matthew Bourn.
There have been about 90 house sales this year in Pymble at a $1.4 million average price, according to RP Data.
The suburb's highest disclosed sale price was $2.88 million on Taunton Street in February this year although a Bobbin Head Road house sold for about $4.1 million in April, on which RP Data yet to record its sale price.
The sales history
1975    $116,000
1986    $540,000
1988    $1.1 million
1996    $1.1 million
1998    $1,805,000
2002    $3 million
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Pymble listing aims for year high as auctions continue well into December 

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“Stalled”, “subdued”, “dreadful”, “a year to forget” is how valuers from Herron Todd White have described the performance of Australia regional retail property markets in 2012.
Herron Todd White’s team of valuers cast their eye across markets from NSW’s Southern Highlands to the Gold Coast to south-western WA and found very few bright spots as regional centres took a hit from an overall drop in consumer confidence and a “flight to safety” mentality among buyers seeking primarily blue-chip investments.
In the NSW Southern Highlands, the market remained “subdued throughout 2011 with most retailers feeling the pinch from weak economic conditions”.
“Although relatively stable, the market has not fully recovered since the GFC,” the December report says.
“Current conditions are reflected in the vacant shops now evident along prime strips such as Bong Bong Street in Bowral.”
Despite the poor year, the outlook appears bright, with Coles buying the 4,936-square-metre Oxley Mall in Bowral for $14.75 million in May with plans for renovation and expansion.
In June, the Charter Hall Retail REIT acquired 50% of the Highlands Marketplace, in Mittagong, for $23.6 million from Woolworths, at an initial yield of 8.1%. The sub-regional shopping centre comprises 8,241 square metres and 790 car spaces and is anchored by Woolworths and big W with 36 speciality retail shops.
East of the Southern Highlands, the Wollongong retail market was dominated by the “on again, off again, on again drama” surrounding the GPT West Keira development.
The West Keira development is a $200 million project to expand the Wollongong Central shopping centre by 18,000 square metres adding 80 specialty stores.
“While latest reports suggest GPT has committed to moving forward with the project, many are still sceptical,” says HTW.
“This mirrors in personality of the current economy with 2011, which will be remembered for its high level of volatility, primarily in the global financial markets. There is no doubt economic uncertainty and volatility have had an impact on the local retail market.”
Projects that did proceed include the commencement of Stockland’s Shell Harbour shopping mall expansion.
There Wollongong City Council is also examining plans to revamp Crown Street Mall, which is in need of an upgrade. However, the proposal remains stalled with vehicle access ruled out.
In nearby Newcastle, HTW reports that the retail market “appears to have stalled under the weight of stock on the market with the GPT owned Hunter  Street  mall sites, failing to sell to local developers Buildev and now been marketed as eight separate blocks
Moving across into regional Victoria, local small retailers have advised HTW that 2011 is a year they would rather forget with the refurbishment of the Langtree Mall, the town’s retail hub taking most of the year to complete and having had a “detrimental impact on shopping patterns in the city heart to the advantage of Mildura’s Centro regional shopping centre”.
In Echuca on the Victoria/NSW border, the commercial market experienced difficulties but the year was punctuated by sales of several landmark properties including the Old Flour Mill and a number of other CBD shops at yields around 7%.
Giving an indication of the state of the retail market, the Campaspe shire has received an offer of $2.38million for a site it previously acquired in May 2006 for $3.06million.
On the Gold Coast, the 2011 sales market was dominated by sales under instruction by receivers and managers, as more and more owners have been pushed to their financial limit.
“This has resulted in a greater number of sales during 2011 as vendors are forced to meet the market rather than hold out for better days,” says HTW.
There were some signs of better things to come in 2012 with investors started to come back into the market towards the latter part of the year “with a shift in focus to service type locations, such as the old fashioned local convenience centres”.
“We noted a sale of the Mount Coolum Shopping Centre, anchored by an IGA, which achieved a sale price of $6.1 million with an analysed yield of 9% and a weighted average lease of 2.1 years.  Agents reported that interest in this type of asset had improved during the year.”
In South Western WA, the overall the retail property market was subdued during 2011 with very few sales occurring.
“Most retail properties are tightly held and the limited supply has helped to balance the weak demand,” according to HTW.
“Like many areas around the country, business performances in the small retail sector have been poor.
“As a consequence, rental rates and demand for retail space has fallen, with most retail markets in the towns of the south-west having experienced increased vacancies during the year. This is particularly evident in the Bunbury CBD where currently there are a higher number of vacancies than experienced for quite some time.”
At present, prime street front shops in Bunbury’s CBD can be rented for $250 per square metre net per annum.
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