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

Joel Robinson

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

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

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

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

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

Parcel delivery is joining the apartment amenity checklist

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

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

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

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

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

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

Every First Home Owner Grant for new property by state

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

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

Staff Writer

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

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

alisonwarters@gmail.com

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

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

Ellen Walker

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

<html><body>
Central Coast properties make up a large portion of SQM Research's list of the top 10 most discounted properties in New South Wales.
The list features one property in Magenta, one in Gorokan and two in Green Point. The last time the research firm compiled a NSW most discounted list, <a href="https://www.propertyobserver.com.au/new-south-wales/nsw-central-coast-market-in-a-slump-as-vendors-offer-discounts-sqm-research/2011101751962" target="_blank">in October last year</a>, there were also four Central Coast properties on it. However, no Central Coast properties are repeated from October's list. 
Last year's list featured two Blue Mountains properties, whereas this time around there is just one, 9 Brentwood Avenue, Blackheath, which has been on the market since February last year and featured on October's list. 
Four other discounted properties on the New South Wales list are in the Sydney suburbs – Thornleigh, Bondi Junction, Clovelly and Kyeemagh – but SQM director Louis Christopher says Sydney has been spared the price reductions apparent in many other capitals. None of these properties featured on the October list. 
"Sydney appears to be suffering a little less than other capital cities in terms of recent house price declines, which is of course in many ways good news to current Sydney home owners," Christopher says.
"Many of the homes on this list are not located in the capital city's inner and middle rings but rather in less populated localities in New South Wales where the market is obviously not as high in demand as it appears to be towards the inner-urban areas."
1
<a href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.domain.com.au%2FPublic%2FPropertyDetails.aspx%3Fadid%3D2007217761" target="_blank">1302 Birkdale Place, Magenta, NSW, 2261</a>
On the market since: June 17, 2008
Initial asking price: $700,000
Current asking price: $450,000
Reduction: 36%
Days on market: 1,341
 
 
<h2 style="font-size: 18px; line-height: 21px; text-align: left;"></h2>
<h2 style="font-size: 18px; line-height: 21px; text-align: left;">2</h2>
<a target="_blank" href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.domain.com.au%2FPublic%2FPropertyDetails.aspx%3Fadid%3D2007736307">26a Paling Street, Thornleigh, NSW, 2120</a>
On the market since: May 16, 2009
Initial asking price: $1.1 million
Current asking price: $730,000
Reduction: 34%
Days on market: 1,008
 
3
<a href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.realestate.com.au%2Fcgi-bin%2Frsearch%3Fa%3Do%26id%3D106483661" target="_blank">257 Avoca Drive, Green Point, NSW, 2251</a>
On the market since: May 22, 2010
Initial asking price: $1.3 million
Current asking price: $879,000
Reduction: 32%
Days on market: 637
 
 
4
<h2 style="font-size: 18px; line-height: 21px; text-align: left;"></h2>
<a href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.domain.com.au%2FPublic%2FPropertyDetails.aspx%3Fadid%3D2008850003" target="_blank">3 Wharf Road, Green Point, NSW, 2251</a> (pictured)
On the market since: March 5, 2011
Initial asking price: $950,000
Current asking price: $649,000
Reduction: 32%
Days on market: 350
 
 
<h2 style="font-size: 18px; line-height: 21px; text-align: left;">5</h2>
<a href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.domain.com.au%2FPublic%2FPropertyDetails.aspx%3Fadid%3D2009290335" target="_blank">120 Glendiver Road, The Oaks, NSW, 2570</a>
On the market since: October 15, 2011
Initial asking price: $1,595,000
Current asking price: $1.1 million
Reduction: 31%
Days on market: 126
 
<h2 style="font-size: 18px; line-height: 21px; text-align: left;">6</h2>
<a href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.realestate.com.au%2Fcgi-bin%2Frsearch%3Fa%3Do%26id%3D107195829" target="_blank">9 Brentwood Avenue, Blackheath, NSW, 2785</a>
On the market since: February 26, 2011
Initial asking price: $1,425,000
Current asking price: $990,000
Reduction: 31%
Days on market: 357
 
7
<a href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.domain.com.au%2FPublic%2FPropertyDetails.aspx%3Fadid%3D2008805959" target="_blank">69/257 - 269 Oxford Street, Bondi Junction, NSW, 2022</a>
On the market since: February 12, 2011
Initial asking price: $2.5 million
Current asking price: $1.75 million
Reduction: 30%
Days on market: 371
 
<h2 style="font-size: 18px; line-height: 21px; text-align: left;">8</h2>
<a href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.domain.com.au%2FPublic%2FPropertyDetails.aspx%3Fadid%3D2007871851" target="_blank">18 Marks Road, Gorokan, NSW, 2263</a>
On the market since: July 1, 2009
Initial asking price: $640,000
Current asking price: $450,000
Reduction: 30%
Days on market: 962
<h2 style="font-size: 18px; line-height: 21px; text-align: left;"></h2>
<h2 style="font-size: 18px; line-height: 21px; text-align: left;"></h2>
<h2 style="font-size: 18px; line-height: 21px; text-align: left;">9</h2>
<a href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.domain.com.au%2FPublic%2FPropertyDetails.aspx%3Fadid%3D2009066241" target="_blank">103 General Holmes Drive, Kyeemagh, NSW, 2216</a>
On the market since: June 25, 2011
Initial asking price: $1.4 million
Current asking price: $1 million
Reduction: 29%
Days on market: 238
 
 
<h2 style="font-size: 18px; line-height: 21px; text-align: left;">10</h2>
<a href="https://sqmresearch.com.au/homediscounts/redir.php?url=http%3A%2F%2Fwww.domain.com.au%2FPublic%2FPropertyDetails.aspx%3Fadid%3D2009154691" target="_blank">26/44 Melrose Parade, Clovelly, NSW, 2031</a>
On the market since: August 13, 2011
Initial asking price: $1,295,000
Current asking price: $959,000
Reduction: 26%
Days on market: 189
 
<h2 style="font-size: 18px; line-height: 21px; text-align: left;"></h2>
 
<h2 style="font-size: 18px; line-height: 21px; text-align: left;"></h2>
SQM Research also offers a list of the <a href="https://www.sqmresearch.com.au/top100bargains.php" title="SQM Research" target="_blank">Top 100 Biggest Bargains in Australia</a> for sale.
</body></html>

cknowlton-QnEa6ntUYP

Central Coast still heavily represented on SQM's most discounted properties in NSW list

<html><body>
The doyenne of Australian theatre Robyn Nevin has sold her much-loved Paddington terrace for $1,315,000.
The three-bedroom Windsor Street terrace had been bought in 1983 for $145,000. Title Tattle seems to recall it was bought through her mother's generosity in giving her a big deposit.
Nevin and her partner, actor Nicholas Hammond, who played Friedrich von Trapp in the film The Sound Of Music, met during a 1987 Sydney Theatre Company production.
Their  two-bedroom 1960s-built Pearl Beach, Central Coast cottage that cost $190,000 in 1993 was sold at its $675,000 asking price through Stuart Gan of PRDnationwide  several years ago, with the couple, who spend much of their time working in theatre and film in Melbourne, signalling plans to buy a similar cottage in Victoria.
The Paddington terrace has been recently listed at a $1,190 a week rental through Cantor Real Estate.
</body></html>

jchancellor-FAypfDUnLy

Australian theatre doyenne Robyn Nevin sells Paddington terrace: Title Tattle

<html><body>
Former St George Bank chief Paul Fegan and his wife, Leonie, have listed their  hillside Mosman residence for March 31 auction.
The Alex Popov-designed Burran Avenue house last traded at $10.75 million in late 2007 when he was the St George chief executive.
Fegan, who was briefly Telstra's executive in charge of strategy and corporate services, is now a non-executive director of AMP Limited.
“Expectations are around the $10 million mark at this stage,” says McGrath listing agent Priscilla Ouvrier.
“It’s an inspired Alex Popov creation that has resulted in sophisticated contemporary residence with light-filled interiors, superior finishes and breathtaking water views.
“Its’ a very private home upon 1,130 square metres,” she says.
The matrimonial property comes with a 20-metre pool.
Burran Avenue’s most recent non-waterfront sales include a $7.4 million to Joris and Adriane Lugtenburg. He’s been associated with the Cape Town based Allan Gray Capital, a South African investment management company, since 1989.
“It was an inspired collaborative design by 4d Architects and its artist owners that created a supremely private and aesthetically exhilarating home offering a sequence of indoor and outdoor living zones and a flexible dual-level layout,” its Raine &amp; Horne selling agent Brendan Warner gushed.
Another hillside Burran Avenue house listed with $5 million-plus hopes in 2010 has been sold at $3.2 million on its third agency marketing campaign.
Mosman has been <a target="_blank" href="https://www.propertyobserver.com.au/residential/mandalong-house-listing-set-to-test-mosman-market-after-banking-bonuses-dry-up/2012022753564">among the hardest hit suburbs since the global financial crisis</a>.
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Former St George boss lists Alex Popov-designed Mosman house

<html><body>
Actor Nicole Kidman has seemingly sold the final piece of her beachfront holding on the NSW far south coast. 

About $800,000 was expected when the last portion <a href="https://www.propertyobserver.com.au/new-south-wales/nicole-kidman-s-south-coast-nsw-beachfront-land-fails-to-sell-at-auction/2012021753426">went to February 11 auction</a>.

With the post-auction negotiation sale paperwork now underway, the website now says “Under Contract”.

<img src="/images/stories/kidmanbeach.jpg">
The vacant 1,009-square-metre block had been for sale since 2008 at $1.2 million plus through Michael Skuse of LJ Hooker Batemans Bay. It has 21 metres of beach frontage on Knowlman Road. 

It was 2004 when Angus Hawley, Nicole's then brother-in-law, first swooped into town by helicopter to bid on the rare beachfront offering offered by the Knowlman farming family from Goulburn, who had paid £35 in 1929. Rosedale locals say Kidman has been there only a handful of times since 2004.
Kidman purchased the Rosedale holding as part of a $4 million outlay on the coastal strip in 2004. She has already recouped $3 million, selling two of the properties to Canberrans.
 
 
 
 
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Nicole Kidman finds buyer for NSW far south coast beachfront holding 

<html><body>
Sydney suburbs, many of them on the outer fringes of the city, account for one in three suburbs on RP Data’s list of the top 100 locations for house price growth, with the Hunter Valley and Newcastle region also making a strong showing.
Mining towns in far north Queensland featured strongly on the top 10, led by Moranbah (1st), New Auckland (3rd), Clinton (6th) and West Gladstone (8th).
The top-ranking Sydney suburb is Arncliffe, about 11 kilometres south of the CBD, which comes in at number nine on the list.
Over the past year house prices in Arncliffe have risen 16.3% from $601,000 to $699,000.
Arncliffe is followed by 10th placed Riverstone, 48 kilometres west of Sydney in the Blacktown municipality where house prices have risen 16% from $364,000 to $422,000 over the course of 2011.
Rounding out the top 10 ranking Sydney suburbs on the list are:
<table style="width: 470px;" border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td width="107" valign="top">
Suburb
</td>
<td width="100" valign="top">
Rank
</td>
<td width="107" valign="top">
Distance from Sydney CBD
</td>
<td width="105" valign="top">
Median price in 2010
</td>
<td width="105" valign="top">
Median price in 2011
</td>
<td width="92" valign="top">
% change
</td>
</tr>
<tr>
<td width="107" valign="top">
Arncliffe
</td>
<td width="100" valign="top">
9
</td>
<td width="107" valign="top">
11 km south
</td>
<td width="105" valign="top">
$601,080
</td>
<td width="105" valign="top">
$699,296
</td>
<td width="92" valign="top">
16.3%
</td>
</tr>
<tr>
<td width="107" valign="top">
Riverstone
</td>
<td width="100" valign="top">
10
</td>
<td width="107" valign="top">
48 kms south west
</td>
<td width="105" valign="top">
$364,377
</td>
<td width="105" valign="top">
$422,412
</td>
<td width="92" valign="top">
15.9%
</td>
</tr>
<tr>
<td width="107" valign="top">
Granville
</td>
<td width="100" valign="top">
16
</td>
<td width="107" valign="top">
22 km west
</td>
<td width="105" valign="top">
$399,000
</td>
<td width="105" valign="top">
$451,000
</td>
<td width="92" valign="top">
12.9%
</td>
</tr>
<tr>
<td width="107" valign="top">
Canley Heights
</td>
<td width="100" valign="top">
20
</td>
<td width="107" valign="top">
31 km south west
</td>
<td width="105" valign="top">
$405,000
</td>
<td width="105" valign="top">
$453,000
</td>
<td width="92" valign="top">
12%
</td>
</tr>
<tr>
<td width="107" valign="top">
Blaxland
</td>
<td width="100" valign="top">
32
</td>
<td width="107" valign="top">
60 km west
</td>
<td width="105" valign="top">
$389,230
</td>
<td width="105" valign="top">
$424,254
</td>
<td width="92" valign="top">
9%
</td>
</tr>
<tr>
<td width="107" valign="top">
Mona Vale
</td>
<td width="100" valign="top">
34
</td>
<td width="107" valign="top">
30 km north
</td>
<td width="105" valign="top">
$851,195
</td>
<td width="105" valign="top">
$926,678
</td>
<td width="92" valign="top">
8.9%
</td>
</tr>
<tr>
<td width="107" valign="top">
Greenacre
</td>
<td width="100" valign="top">
37
</td>
<td width="107" valign="top">
17 km south west
</td>
<td width="105" valign="top">
$491,000
</td>
<td width="105" valign="top">
$532,000
</td>
<td width="92" valign="top">
8.4%
</td>
</tr>
<tr>
<td width="107" valign="top">
Earlwood
</td>
<td width="100" valign="top">
39
</td>
<td width="107" valign="top">
12 km west
</td>
<td width="105" valign="top">
$754,000
</td>
<td width="105" valign="top">
$817,000
</td>
<td width="92" valign="top">
8.3%
</td>
</tr>
<tr>
<td width="107" valign="top">
Hinchinbrook
</td>
<td width="100" valign="top">
48
</td>
<td width="107" valign="top">
39 km south west
</td>
<td width="105" valign="top">
$437,000
</td>
<td width="105" valign="top">
$470,000
</td>
<td width="92" valign="top">
7.6%
</td>
</tr>
<tr>
<td width="107" valign="top">
Macquarie Fields
</td>
<td width="100" valign="top">
52
</td>
<td width="107" valign="top">
42 km south west
</td>
<td width="105" valign="top">
$304,000
</td>
<td width="105" valign="top">
$325,000
</td>
<td width="92" valign="top">
7.2%
</td>
</tr>
</tbody></table>
Source: RP Data
Outside of Sydney, NSW investors should look north towards the Hunter Valley region and the regional city of Newcastle, where a growing demand for mining accommodation is driving up house prices and rents.
The highest-ranking location in the Hunter region was Medowie, a suburb of Port Stephens in the Hunter region, which ranked 24th on the list and recorded house price growth of 10.6% in a year. During 2011 house prices in Medowie increased from $327,000 to $362,000.
Kurri Kurri placed 33rd on the list, with house price growth of 8.9% ($234,000 to $255,000). The small town, which has population of about 6,000, is home to the Kurri Kurri aluminium smelter and is surrounded by wineries.
Raymond Terrace, about 26 kilometres north of Newcastle on the Pacific Highway and administrative centre of the Port Stephens municipality, ranked 44th on the list, with the median house price rising 7.9% from $269,000 in 2010 to $290,000 in 2011.
New Lambton, less than six kilometres from the city centre, ranks 50th on the RP Data list, with house prices up 7.3% over the past 12 months to a median of $441,000.
Also on the list is the north-western Newcastle suburb of Mayfield, where house prices are up 5.1% for the year to $342,000.
Thornton, a suburb in the City of Maitland, ranked 62nd (house prices up 6.4% to $393,000) while Muswellbrook in the Upper Hunter Valley region comfortably made it into the top 100 with house prices up 5.3% for the year to a median of $292,000.
Photo by Sam Gao, courtesy of <a href="https://www.flickr.com/photos/shanna_shattan/4896204381/" target="_blank">Flickr.</a>
 
 
 
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lschlesinger-FZcF9M3vE6

Arncliffe leads Sydney suburbs on RP Data top 100 hotspot list 

<html><body>
The total land value of the 55,907 properties in Shoalhaven was put at $13.512 billion for July 2011 by NSW Valuer-General Philip Western.
The figure was down 3.3% from $13.977 billion in 2008.
Western says land values generally remained steady over the three years.
Year on year median business land values decreased 0.5% from $302,000 in 2010.
Median industrial land prices decreased 5% from $260,000 in 2010.
Median residential land values increased 1.3% from $150,000 in 2010.
Median rural prices also increased, up 1% from $297,000 in 2010.
Landowners and rate-paying-lessees received a notice of valuation earlier this month.
The valuations are used to determine rates and land taxes on investment properties.
Typical residential land values were:
<ul>
<li>1,334 square metres at Addison Road, Culburra Beach valued at $239,000</li>
<li>1,008 square metres at Admiralty Crescent, Huskisson valued at $1,390,000</li>
<li>740 square metres at Albert Street, Berry valued at $281,000</li>
<li>816 square metres at Government Road, Sussex Inlet valued at $135,000</li>
<li>1,012 square metres at Karowa Street, Bomaderry valued at $118,000</li>
<li>544 square metres at Knapp Avenue, Nowra valued at $80,000</li>
<li>683 square metres at Martin Avenue, Ulladulla valued at $182,000</li>
<li>930 square metres at Quay Road, Callala Beach valued at $1,000,000 </li>
</ul>
Typical commercial land values were:
<ul>
<li>821 square metres at Boree Street, Ulladulla valued at $391,000</li>
<li>468 square metres at Island Point Road, St Georges Basin valued at $150,000</li>
<li>462 square metres at Kinghorne Street, Nowra valued at $450,000</li>
<li>190 square metres at Owen Street, Huskisson valued at $670,000</li>
<li>251 square metres at Queen Street, Berry valued at $517,000</li>
<li>645 square metres at Weston Street, Culburra Beach valued at $160,000 </li>
</ul>
Typical industrial land values were:
<ul>
<li>4,330 square metres at Aroo Road, Ulladulla valued at $284,000</li>
<li>2,077 square metres at Concorde Way, Bomaderry valued at $160,000</li>
<li>4,936 square metres at Cumberland Avenue, South Nowra valued at $288,000</li>
<li>2,100 square metres at Erina Road, Huskisson valued at $181,000 </li>
</ul>
Typical rural land values were:
<ul>
<li>70.2 hectares at Bundewallah Road, Bundewallah valued at $1,250,000</li>
<li>40 hectares at Croobyar Road, Croobyar valued at $760,000</li>
<li>40.7 hectares at Princes Highway, Broughton valued at $1,290,000</li>
<li>55.2 hectares at Mount Scanzi Road, Kangaroo Valley valued at $1,060,000</li>
<li>42.8 hectares at Turpentine Road, Tomerong valued at $508,000</li>
<li>58.6 hectares at Jack Reid Road, Termeil valued at $500,000 </li>
</ul>
Typical rural residential land values were:
<ul>
<li>2.7 hectares at Culburra Road, Wollumboola valued at $390,000</li>
<li>2 hectares at McArthur Drive, Falls Creek valued at $246,000</li>
<li>2 hectares at Pointer Road, Yatte Yattah valued at $327,000</li>
<li>1 hectare at Scotts Road, Upper Kangaroo River valued at $412,000</li>
<li>2 hectares at Stringybark Road, Nowra Hill valued at $293,000</li>
<li>1 hectare at Beach Road, Berry valued at $500,000 </li>
</ul>
Typical hobby farm land values were:
<ul>
<li>10 hectares at Coolangatta Road, Coolangatta valued at $701,000</li>
<li>27.6 hectares at Devitts Lane, Meroo Meadow valued at $782,000</li>
<li>16.2 hectares at Jacks Corner Road, Kangaroo Valley valued at $574,000</li>
<li>16.2 hectares at Princes Highway, Termeil valued at $418,000</li>
<li>16.2 hectares at Bayly Road, Tomerong valued at $399,000 </li>
</ul>
Typical village land values were:
<ul>
<li>911 square metres at Cullen Crescent, Kangaroo Valley valued at $226,000</li>
<li>607 square metres at Cyrus Street, Hyams Beach valued at $1,000,000</li>
<li>613 square metres at Edwin Avenue, Lake Conjola valued at $799,000</li>
<li>607 square metres at Surf Tide Avenue, Bawley Point valued at $270,000</li>
<li>699 square metres at Torquay Drive, Lake Tabourie valued at $140,000</li>
<li>2,390 square metres at Bellfield Place, Tomerong valued at $174,000</li>
</ul>
 
 
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awalsh-7Ub9EypybQ

Shoalhaven land values down 3.3% in three years

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The record-setting $5.71 million Surry Hills, Sydney warehouse sale by businessman Neville Miles and his artist wife, Beryl, to a McMahons Point couple topped the prices in the weekend auctions.
{yoogallery src=[images/stories/feb27bennett]}
Marketed as arguably Sydney’s finest single-dwelling warehouse, its McGrath selling agents Ben Collier and Andrew Hackett had been seeking $5 million plus for the Bennett Place warehouse (pictured above) which dates back to the 1870s.
There was a $5.5 million reserve on the backstreet warehouse, which had been extensively renovated by Hare + Klein since the 247-square-metre holding last sold at $3.1 million in early 2009.
The previous Surry Hills warehouse record holder was sold late last year by entrepreneur Duncan Burns for $4 million through D'Leanne Lewis of Laing + Simmons Double Bay and Shannan Whitney of BresicWhitney.
{yoogallery src=[images/stories/feb27riley]}
When the Riley Street property (pictured above) was listed in August, the agents hoped it would fetch more than $5 million.
It’s a 297-square-metre Riley Street block.
The bachelor pad-style abode had a three-level configuration for one person with 750 square metres of living space. On one wall at its open for inspection was a Burns Philp poster of the company that was formed in the 1870s and originally concentrated on Australian passenger and cargo coastal trade.
It’s been bought by Robert Willis, who has recently put it up for rent at an undisclosed price. The BresicWhitney ads suggest a $15,200 bond is required.
It had enormous open-plan living and dining zones, a custom-fitted home cinema, a private outdoor area with a heated plunge pool.
Its basement was a 10-car garage.
While the facade of the original building remains, its interior was rebuilt seven years ago after Burns bought the property for $500,000 in 1994.
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Surry Hills millionaires show a flair for pricey warehouse conversions 

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Cookbook queen Donna Hay and her butcher husband, Bill Wilson, have listed the last of their Windsor Street, Paddington, investment terraces.
The Windsor Street investment terrace - which comes in Tabbereresque all-white - was bought for $1.42 million in 2003.
The couple secured $2.15 million when their unrenovated two-bedroom terrace was auctioned in 2009 some three years after it was purchased for $1,035,000.
The couple also own a $3.85 million Watsons Bay residence. They retain another investment property in Holdsworth Street, Woollahra, which was bought for $1,615,000 in 2008 for Hay’s homewares shop.
The March 4 auction listing comes with $2.4 million hopes through McGrath agent James Dack. McGrath has three other Windsor Street listings.
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Cookbook queen Donna Hay serves up seconds for Paddington terrace buyers: Title Tattle

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Nip/Tuck star Julian McMahon has listed the long-time home of his mother, the late Lady (Sonia) McMahon. The property has been listed for March 24 auction with $6 million-plus hopes by the executors of the estate. Sonia McMahon, the widow of former prime minister Sir William McMahon, bought the building block for $3 million in 1991 and subsequently constructed a French Riviera-inspired residence on its 1252-square-metre holding.
The four-bedroom house has large entertainment areas plus lawn and pool, cabana and a sauna.
It has a northerly aspect and some harbour views from its hillside Victoria Road vantage point.
The house was briefly in the headlines in 1996 after 30 alterations were carried out without council permission.
It’s been listed through Sally Hampshire of Laing+Simmons Double Bay and Victoria Morish of Di Jones Real Estate. Internet advertising for the property was posted this week.
It’s been rented over the past few years.  The house is furnished as Sonia left it.
Sonia McMahon was 77 years old when she died in April 2010. Her husband, who was prime minister between 1971 and the December 1972 election, died in 1988 aged 80. She’d held onto her previous nearby empty 1920s Drumalbyn Road, Bellevue Hill home. Last June <a href="https://www.propertyobserver.com.au/new-south-wales/nip/tuck-star-julian-mcmahon-sells-childhood-home/2011062450590" target="_blank">Julian and his two sisters secured $9 million from the sale of their late mother’s earlier Sydney residence</a>.
The Australian actor and former fashion model grew up in the Bellevue Hill home, which was bought in 1968, the year of his birth.  Julian has an older sister, Melinda, and a younger sister, Deborah.
No doubt the next eventual listing by the executors will be Lady McMahon’s Palm Beach weekender. It cost $975,000 in 1993.
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Nip/Tuck Julian McMahon lists mother Lady Sonia’s second Bellevue Hill home

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One of the enduring mantras of real estate is that water is the greatest wealth creator. 
Get your hands on property that fronts water or has a compelling view of it and you’ve bought a ticket to superior capital growth, according to this old cliché. 
There’s only one problem with it: it isn’t true. 
Every time I study a city or region to pinpoint the best growth areas, I find more evidence that the old paradigms about “prime” real estate are little more than myths and misinformation. 
My latest exercise focused on Newcastle and the Hunter region. Contrary to conventional wisdom – but consistent with results I’ve found in other cities and regions – the out-performing locations were the affordable places inland and the worst results were in the water-based areas. 
Once again, hill-change out-performed sea-change. The best capital growth rates were found in locations in the Cessnock and Maitland local government areas, heading west up the Hunter Valley from Newcastle. 
The worst, overwhelmingly, were suburbs in the Port Stephens and Lake Macquarie municipalities – lovely places to live, no doubt, but poor venues for investment. 
This confirmed for me, once again, that industry and infrastructure are the key elements for investors. 
The Hunter region is a great example of it. It’s emerging as one of the powerhouse economies of Australia and one of the strongest property markets, underpinned by current or upcoming projects totaling $28 billion. 
I recently flew over the region in a helicopter owned by local building company Thomas Paul Constructions. It gave me a great perspective on what makes this region tick. 
Multiple power stations, massive aluminium smelters, coal mines in abundance, some of the world’s biggest horse studs, stretches of wine country and new housing estates are all part of the mix driving the Hunter economy. 
From the air I saw a full house of ships in the port of Newcastle loading coal, with more queuing off the coast, as long trains of coal wagons were streaming into the port areas. It was easy to see why there are multibillion-dollar port expansion proposals from three different entities. 
There was also a commanding view of the construction corridor for the $1.5 billion Hunter Expressway, a project that is generating jobs and economic activity and which will revolutionise the appeal of many Hunter towns by improving access. It’s expected to knock half an hour off the drive to Sydney. 
It’s probably not coincidence that the leading areas for capital growth are the ones most influenced by this important infrastructure project – suburbs around Branxton, where the expressway terminates, top the growth list. 
The five best locations for long-term capital growth – the average annual growth in prices over 10 years – are all in the Cessnock municipality, including near neighbours Branxton, East Branxton and Greta. 
The top 20 for the wider region is dominated by locations in the Cessnock and Maitland municipality, where a country lifestyle amid the vineyards is mixed with good amenities and easy access to major jobs nodes. 
The top 20 all have long-term growth averages above 10% a year. 
At the other end of the scale, the bottom 20 list is all about the Port Stephens and Lake Macquarie municipalities. All of them have growth rates below 6% per year, and the worst of them are around 3.5% – close to the worst in the nation. 
I drove through these places and flew over them. I saw a series of lovely, almost idyllic, locations overlooking yachts parked in peaceful bays. 
They’re the sorts of places people like to retire to, and that’s part of the problem. It’s people finding jobs that drives real estate, rather than people quitting them to put their feet up. 
Economies driven by tourism and retirement seldom produce capital growth to excite investors. 
In the Newcastle/Hunter region, as elsewhere, you need to turn your back on the water and drive inland to find the growth. 
Terry Ryder is the founder of <a target="_blank" href="https://www.hotspotting.com.au/">hotspotting.com.au</a> and can be <a href="https://www.twitter.com/hotspotting" target="_blank">followed on Twitter</a>.
 
 
 
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