A new 25-storey apartment tower proposed for Mercer Street would push Geelong’s western gateway skyline higher, with Morphy Birrell Property Group lodging plans for a project directly beside one of the city’s most significant heritage streetscapes.

The <a href="https://www.apartments.com.au/architects/fk-australia">FK</a>-designed development at <a href="https://www.apartments.com.au/new-apartments/65-67-mercer-street-geelong-vic-3220">65-67 Mercer Street</a> has now been referred to Victoria’s Planning Minister. The site sits opposite the Geelong rail corridor and immediately south of the heritage-listed St Peter and Paul’s Catholic Church and Ashby Hall precinct.

Rather than compete with the neighbouring ecclesiastical buildings, the proposal adopts a sculpted podium intended to reference the materiality and scale of the heritage context. Planning documents note the design draws cues from the “dark stone brick” church and surrounding masonry buildings, while the tower above transitions into a softer, curved form oriented toward Corio Bay and the Geelong waterfront.

<img alt="First look: Morphy Birrell Property Group targets 25-storey Geelong tower beside landmark church precinct" data-entity-type="file" data-entity-uuid="b797d10c-d4a6-47af-b8df-1aeaa3b382be" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/public%20square.png?VersionId=QGIpcz1x1hKB6lQLl2iobyHqb6PS2Ztc" />

The development forms “Stage 5” of Morphy Birrell Property Group’s broader Mercer Street precinct strategy, following the completion of the 21-storey Miramar tower on Cavendish Street and several additional approved redevelopment stages nearby. Planning consultants Ratio said the proposal “represents an exemplary development outcome” aligned with the strategic ambitions for Central Geelong’s continued urban renewal.

The mixed-use project would replace an existing low-rise commercial building and surface parking area on the 3,320 sqm corner site. FK’s urban context report describes the proposal as a residential development comprising apartments, resident amenities, commercial space, and integrated landscaping positioned to maximise bay views and northern sunlight access.

Renders show a deeply articulated tower with curved balconies stepping above a lower masonry podium that frames a landscaped forecourt facing Mercer Street. The design intentionally preserves sightlines toward the adjacent church buildings, with the podium scaled to reinforce the heritage edge before the tower recedes upward.

<img alt="First look: Morphy Birrell Property Group targets 25-storey Geelong tower beside landmark church precinct" data-entity-type="file" data-entity-uuid="2bdca91e-66f7-4ac7-8baa-2f93bd5b564e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/geelong%20site.png?VersionId=QOhbino4ZgzKYw5dW3QE14E.2yq.Sv87" />

The planning report highlights the site’s strategic location within 400 metres of key Geelong destinations including Cunningham Pier, the Geelong Station precinct, Deakin University, and the convention centre. Bus services run directly along Mercer Street, while the Corio Bay foreshore sits around 100 metres north of the site.

The proposal arrives amid accelerating redevelopment across central Geelong, where planning policy continues to encourage higher-density housing close to transport infrastructure and the waterfront. Mercer Street in particular has emerged as a focal point for taller apartment development due to its proximity to Geelong Station, the bay, and major civic infrastructure.

Joel Robinson

Morphy Birrell Property Group targets 25-storey Geelong tower beside landmark church precinct

Development giant&nbsp;<a href="https://www.apartments.com.au/developers/hamton">Hamton</a> and joint venture partner Hostplus have revealed the next residential stage of their $3 billion Moonee Valley Park masterplan, lodging plans for 512 more apartments within the precinct on surplus racecourse land at 110 Wilson Street, Moonee Ponds.

The proposed development, dubbed&nbsp;<a href="https://www.apartments.com.au/new-apartments/trackside-house-110-wilson-street-moonee-ponds-vic-3039">Trackside Gardens</a>&nbsp;in the planning application, follows the <a href="https://www.apartments.com.au/news/vic/first-look-exclusive-hamton-and-hostplus-reveal-sixth-stage-of-moonee-valley-park-masterplan">recent unveiling of the sixth-stage Cox Place Precinct</a> and continues the long-running transformation of the Moonee Valley Racecourse into one of Melbourne’s largest urban renewal projects.

Positioned on the north-eastern edge of the racecourse adjacent to CityLink, Trackside Gardens will comprise three residential buildings rising between 61.8 metres and 86.4 metres within a heavily landscaped precinct shaped by Hamton’s Nature Based Cities framework.

The project forms part of the broader Moonee Valley Park redevelopment being delivered by Hamton, Hostplus and the Moonee Valley Racing Club, which is reshaping the 40-hectare racecourse site into a mixed-use neighbourhood with housing, retail, commercial space, hotels, parkland and community infrastructure.

Trackside Gardens sits separately to the recently proposed Cox Place Precinct, a five-building stage comprising around 1,100 residences, two build-to-rent buildings, two build-to-sell towers, retail, office space, and a hotel overlooking the racetrack. Together, the projects continue to accelerate housing delivery across the precinct.

<img alt="First look: Hamton expands Moonee Valley Park masterplan with 512-home Trackside Gardens precinct" data-entity-type="file" data-entity-uuid="5fc1941e-52d3-41c6-abc4-0f13fe8ae5ea" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/DA%20Edits%20%281%29.png?VersionId=7qwRHq5dcvXWNot2hNOgoQhN2GIWudNK" />

Designed by <a href="https://www.apartments.com.au/architects/dko-architecture">DKO Architecture</a> with landscape architecture by Tract, Trackside Gardens has been conceived as a botanical-style residential precinct prioritising canopy planting, communal green space, and vertical landscaping.

“The architectural vision for the proposed development centres around buildings in a botanical park setting that champions the important role of nature,” the planning submission states.

“The proposal incorporates principles of biophilic design, with landscape and environmentally sustainable development influencing the ultimate design response of the buildings and prioritising the ground plane to ensure a high amenity for both occupants and visitors.”&nbsp;

Trackside Gardens will deliver 512 apartments across the three buildings, alongside 518 basement car spaces and 523 bicycle spaces. Around 20 per cent affordable housing is proposed across the broader North East Precinct, equating to around 158 dwellings.&nbsp;

The affordable housing component will be concentrated within the Wilson East building, while the remaining apartments are expected to be delivered as build-to-sell residences.

Trackside Gardens has been designed around Hamton’s Nature Based Cities initiative, founded by Executive Chair Paul Hameister OAM in partnership with the University of Melbourne, Urbis, Ark Resources and Tract. The initiative promotes integrating higher-density urban development with significant biodiversity, tree canopy and landscape outcomes.

<img alt="First look: Hamton expands Moonee Valley Park masterplan with 512-home Trackside Gardens precinct" data-entity-type="file" data-entity-uuid="89353449-7b3c-42fd-8fd8-8bf64a5ef80f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29_4.png?VersionId=X8jRt0P2L7fIWjLhfX6gPknXToXIBeLj" />

A comprehensive landscape strategy would introduce deep soil planting, vertical greening, communal gardens, and new pedestrian links throughout the site.

Planning documents state the development is targeting a 5 Star Green Star Buildings rating, a 7.5-star average NatHERS rating, and “Exemplary” Nature Based Cities certification.&nbsp;

The proposal joins an expanding pipeline of approved and proposed buildings within Moonee Valley Park, including the recently launched Eveline apartments and the approved Grandstand North and South towers.

Hamton has increasingly focused on precinct-scale, nature-led communities across Melbourne’s middle-ring suburbs, with projects spanning Hawthorn, Kew, and Moonee Ponds.

Hampton unveils Trackside Gardens, latest stage of $3 billion Moonee Valley Park masterplan

The Paul Gedoun-led <a href="https://www.apartments.com.au/developers/ss-projects">S&amp;S Group</a> has achieved another milestone in its $1 billion transformation of Rainbow Bay on the southern Gold Coast with the completion of the company’s third project in four years, the $160 million <a href="https://www.apartments.com.au/buildings/esprit-217-227-boundary-street-coolangatta-qld-4225">Esprit</a> residences.

Delivered by <a href="https://www.apartments.com.au/builders/hutchinson-builders">Hutchinson Builders</a> and designed by <a href="https://www.apartments.com.au/architects/cottee-parker-architects">Cottee Parker Architects</a>, Esprit buyers have now moved into the 94 apartments across two interconnected buildings at 217-227 Boundary Street.

The successful settlement of Esprit marks another astounding chapter in the S&amp;S story, which launched its highly successful Flow apartments three years ago and created its own ultra-luxury branded fingerprint on an area craving new luxury residences.

Most early purchasers have secured gains of well over $1 million since the project launched in 2021.&nbsp;

[smartcode_project:default project_id=102921 project_image_fid=172129]

S&amp;S Projects Founding Director Paul Gedoun said the completion of Esprit reflects sustained demand for premium apartments in tightly held coastal locations.&nbsp; 
&nbsp;&nbsp; &nbsp; 
“Esprit has attracted buyers seeking a combination of quality design, considered amenity and a location that is becoming increasingly difficult to replicate,” said Gedoun.

“We identified some years ago that Rainbow Bay is a unique market where supply of luxury residences is limited, and we see the settlements in Esprit further underpinning this thinking - that for both owner-occupiers and investors.”&nbsp;

[smartcode_project:default project_id=102921 project_image_fid=172174]

A key feature of the development is ‘Club Esprit’, a 1,000sqm residents-only rooftop level combining wellness and recreation, believed to be a first for the Gold Coast, and which is fast becoming a signature of the S&amp;S brand.

Positioned to capture views across Snapper Rocks, Rainbow Bay and the Tweed River, the rooftop includes a 25-metre lap pool, gym, yoga lawn, sauna and steam facilities, ice bath, private dining spaces, outdoor cinema and landscaped areas for residents.&nbsp;

<a href="https://www.apartments.com.au/project-marketer/pezet-matheson">Pezet Matheson</a> Director Jayde Pezet, who led the sales campaign for Esprit and S&amp;S’s Flow and Awaken apartments, said the project’s performance reflects both the strength of the product and the depth of demand for premium apartments on the southern Gold Coast.&nbsp;

“In some cases, we’ve seen values double since launch, which is a clear reflection of how tightly held Rainbow Bay has become and the level of demand for well-executed projects in this market,” said Pezet.&nbsp;

“Buyers recognised early what S&amp;S Projects was delivering here, and that conviction has been rewarded as the project has progressed towards completion.”&nbsp;

[smartcode_project:default project_id=102921 project_image_fid=214819]

Esprit offers a mix of two- three and four-bedroom apartments and sits within walking distance of the beachfront, cafés and local amenities, reinforcing its appeal as both a lifestyle and investment destination.

The project is the third completed by S&amp;S Projects in Rainbow Bay, following Flow Residences and Awaken Residences, which together have contributed to the suburb’s emergence as one of the Gold Coast’s most sought-after coastal pockets. &nbsp;

S&amp;S Projects is continuing its investment in the area with Radia, a $215 million development currently under construction.&nbsp;

[smartcode_project:default project_id=102921 project_image_fid=172175]

Gedoun said the completion of Esprit signals continued confidence in the southern Gold Coast market.&nbsp;

“We’ve seen strong interest in well-located, high-quality apartments, particularly in areas where future development opportunities are limited."

“That’s been a key factor in the performance of Esprit and the broader Rainbow Bay market”.

[smartcode_project_cta:default project_id=102921]

Owners move in as Esprit completes at Rainbow Bay

Few developers can boast a portfolio across South East Queensland's luxury markets quite like <a href="https://www.apartments.com.au/developers/mosaic-property-group">Mosaic Property Group</a>.

The builder-developer, founded in 2004 by Managing Director Brook Monahan, has projects in planning, on the market, and under construction, from Burleigh Heads and Broadbeach to Kangaroo Point and South Brisbane.

With a pipeline exceeding $2 billion, Mosaic remains highly selective when it comes to development sites, having spent years refining its strategy around feasibility research and product planning. The group is set to continue growing into 2026 and beyond.

In Brisbane, Mosaic currently has three projects in the market. It is in the final release stage at <a href="https://www.apartments.com.au/new-apartments/the-bedford-by-mosaic-16-30-prospect-street-kangaroo-point-qld-4169">The Bedford</a> in Kangaroo Point, which is approaching complete sellout ahead of its late 2027 completion.

[smartcode_project:default project_id=134792 project_image_fid=328123]

Designed in collaboration with <a href="https://www.apartments.com.au/architects/bda-architecture">BDA Architecture</a>, The Bedford comprises 128 two- and three-bedroom residences. A selection of ultra-luxury Masterpiece Series Skyhomes, positioned across the top levels, offer expansive floor plans and sweeping views of the river and city.

High-end inclusions, such as natural stone benchtops, bespoke cabinetry, and Miele appliances, feature throughout all apartments, alongside the Rooftop Recreation &amp; Retreat Sky Terrace. This includes a resort-style pool with sun deck and loungers, spa, cold plunge pool, sauna, steam room, private dining room with a full kitchen, residents' lounge, multiple barbeque and relaxation zones, an outdoor viewing deck, and landscaped gardens with water features, all oriented to sweeping city and river views.

A gym with indoor and outdoor zones, and a golf simulator, further enhances recreational choice within the building.

[smartcode_project:default project_id=134792 project_image_fid=328119]

A defining feature of the development is its integrated mixed-use component, which will deliver Kangaroo Point's first major supermarket, alongside a café and liquor store, bringing long-awaited convenience to the peninsula.

Monahan says The Bedford represents the culmination of a near-decade-long journey, after first identifying the A-grade Prospect Street site in 2016. While they came close to acquiring it at the time, the site was ultimately purchased by Woolworths' development arm, Fabcot. The opportunity resurfaced in 2024 when the site, vacant for nearly three decades, was brought back to market.

Monahan says Mosaic projects often begin years before any formal plans are drawn. Their new South Brisbane development is no exception, with the site first earmarked in 2018.

"We aren't opportunistic," Monahan says. "Every site purchase is carefully considered. As seen with Kangaroo Point and South Brisbane, it can take years to eventuate. There are sites we're looking at now that we may not secure for several years."

[smartcode_project:default project_id=141711 project_image_fid=353495]

A similar story unfolded at <a href="https://www.apartments.com.au/new-apartments/the-carter-by-mosaic-77-linton-street-kangaroo-point-qld-4169">The Carter</a> in Kangaroo Point, opposite The Gabba. Like The Bedford, it is also approaching sellout of its 125 two- and three-bedroom apartments. The majority of sales are attributed to returning customers and referrals, with a balanced mix of investors and a strong majority of owner-occupiers.

BDA Architecture was again engaged to design the 22-storey building, which will feature a suite of wellness and lifestyle amenities, including a golf simulator and cinema, a commercial-grade gym, and a rooftop recreation level with a pool, steam room, sauna, cold plunge, teppanyaki bar, private dining spaces, and landscaped terraces.

Construction is on track for completion in mid-2027.

[smartcode_project:default project_id=151614 project_image_fid=362759]

Mosaic's latest offering is its most ambitious yet, boasting a rare, north-facing riverfront position on Montague Road in South Brisbane.

<a href="https://www.apartments.com.au/new-apartments/the-riversdale-by-mosaic-south-brisbane-91-montague-road-south-brisbane-qld-4101">The Riversdale by Mosaic</a> is a 39-storey tower comprising just over 200 residences and Masterpiece Series Sky Homes. Designed in partnership with Bureau Proberts, it will feature nearly 3,000 sqm of genuine, internationally benchmarked six-star, hotel-style amenities, including a wellness precinct, pool, gym, massage and treatment rooms, cinema, golf simulator, and extensive outdoor dining areas across a two-level rooftop deck.

Early works are underway, with full construction expected to commence in the second half of 2026, and an anticipated late 2029 completion.

[smartcode_project:default project_id=151614 project_image_fid=362759]

Since 2012 alone, Mosaic has completed more than $2 billion in projects and is set to deliver another $2 billion worth of developments, comprising hundreds of luxury apartments, each defined by Mosaic's signature standards of quality, detail, and delivery.

"We never arrive, there is no finish line," says Monahan. "Our ambition is to keep evolving what luxury means, creating design- and lifestyle-led residences in incredible locations, places people genuinely aspire to and want to live, homes that are loved deeply and endure long beyond their moment."

Mosaic's Midas Touch

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> (Urban) has broken ground at Keira Place, its new major mixed-use residential precinct in the heart of Wollongong CBD.

Held at 120-122 Smith Street, the groundbreaking marked the commencement of construction on Stage 1 of <a href="https://www.apartments.com.au/new-apartments/keira-place-120-122-smith-street-wollongong-nsw-2500">Keira Place</a>, with the opening of the new display suite. 
&nbsp; 
Keira Place is a State Significant Development that will deliver new housing supply, affordable homes and inclusive living options within walking distance of Wollongong’s CBD, coastline, transport, hospital and education precincts.

[smartcode_project:default project_id=144442 project_image_fid=369868] 
&nbsp; 
Stage 1 is now under construction and will deliver 150 apartments across two residential buildings, including 27 affordable housing apartments and 18 specialist disability accommodation dwellings, along with activated ground-floor retail and commercial space. 
&nbsp; 
Urban Co-CEO Patrick Elias said the groundbreaking represented a significant milestone for Wollongong and reflected Urban’s long-term commitment to regional cities.

“Today’s groundbreaking is about turning approvals into homes and moving quickly to deliver much-needed housing in Wollongong’s city centre,” Elias said. 
&nbsp; 
“Keira Place will provide a diverse mix of homes close to jobs, transport and services, while setting a high benchmark for quality, durability and consumer protection.”

[smartcode_project:default project_id=144442 project_image_fid=369869] 
&nbsp; 
Hon. Paul Scully MP, Minister for Planning and Public Spaces, Member for Wollongong said Keira Place is exactly the kind of development Wollongong needs – delivering new homes close to transport, employment and services, while supporting the continued growth and renewal of the CBD.

"This project reflects the Minns Labor Government's commitment to increasing housing supply in well-located areas." 
&nbsp; 
Wollongong Lord Mayor Cr Tania Brown said Keira Place would deliver lasting community benefits for the city. 
&nbsp; 
"Keira Place is a welcome addition to Wollongong's CBD delivering new housing, affordable homes and activated street-level spaces that will benefit our community for years to come," Brown said. 
&nbsp; 
"Urban Property Group's investment reflects the confidence that quality developers have in Wollongong's future, and I look forward to seeing this precinct come to life."

[smartcode_project:default project_id=144442 project_image_fid=369867] 
&nbsp; 
Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">Cox Architecture</a>, with interiors by <a href="https://www.apartments.com.au/interior-designers/dko">DKO,</a> Keira Place prioritises liveability and long-term performance, with landscaped shared spaces, generous apartment layouts and a pedestrian-friendly streetscape along Smith Street. 
&nbsp; 
Residents will have access to landscaped podium areas, communal rooftop amenities with views to Mount Keira and the Wollongong skyline, and convenient ground-level retail.

The development will have 10-year Latent Defects Insurance by Resilience Insurance.

[smartcode_project_cta:default project_id=144442]

Groundbreaking marks start of construction at Keira Place in Wollongong CBD

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

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

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

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

Every First Home Owner Grant for new property by state

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

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

Staff Writer

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

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

alisonwarters@gmail.com

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

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

Ellen Walker

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

Ivanhoe is&nbsp;one of the most prestigious suburbs in Melbourne's eclectic north-east and&nbsp;The Grounds offers a standard of&nbsp;luxury living that suits the vaunted suburb.

The development has set itself apart by focusing on enhancing the local streetscape and community vibe, while reflecting the quintessential Ivanhoe lifestyle at the core. With more than half of precinct comprising&nbsp;gardens, public spaces, and a central landscaped Village Green designed by Memla, there's plenty of space for those raising or looking to start a family.

As a coveted neighborhood&nbsp;with strong family fundamentals, this speaks to residents expectations with a&nbsp;sense of community sprouting up among open boulevards and green spaces brushing up against the Yarra River.

The Grounds is comprised of an exclusive collection of three apartment buildings, each architecturally designed to respond to their own address; Wilfred, Wamba and The Boulevard. There is also the Oak Terraces, located off Cedric Street, offering a limited collection of townhomes.

Prices start from $1,100,000&nbsp;for a two-bedroom apartment, three-bedroom apartments&nbsp;start at $1,310,000 with a limited selection of four bedroom apartments priced at&nbsp;$2,350,000. The townhouses range from&nbsp;$1,890,000 to $2,400,000.

[smartcode_project:default project_id=5806 project_image_fid=168937]

Just 15 minutes from the CBD, there is plenty to experience nearby with some of Melbourne's premier&nbsp;dining destinations like Upper Heidelberg Road and Templestowe Road minutes away. They are home to&nbsp;famed dining institutions like DamaRose Restaurant,&nbsp;L'Artigiano Ivanhoe, Vasko Restaurant and Darling Dumplings.

Ivanhoe also plays host to a bustling nightlife with local hotspots like The Back Room Bar and historic Ivanhoe Hotel which has been around for more than a century.

Beyond the gardens of The Grounds, there is also a network of green spaces stretching out from the development starting from Ivanhoe and Chelsworth Parks.

[smartcode_project_cta: project_id=5806]

The development has set itself apart by focusing on enhancing the local streetscape and community vibe, while reflecting the quintessential Ivanhoe lifestyle at its core

jordan_55689

Rightsizer's set their sights on The Grounds in prestigious Ivanhoe East

Construction have recently started on WOVA, the latest project from Geocon, Canberra&#39;s largest residential developer.

Following the recent decision to reopen large-scale construction in the ACT, which delayed works that were projected for mid-2021,&nbsp;the $400 million project is Geocon&#39;s main priority following the near completion of it&#39;s Republic precinct of which Nightfall is the latest and final release.

The&nbsp;multi-staged master-planned community will&nbsp;comprises 797 apartments built across four buildings.&nbsp;WOVA will include a signature 24-storey tower on Launceston Street, a 16-storey building behind it fronting Furzer Street, a 12-storey building next to that and a&nbsp;12-storey building on the corner of Launceston Street and Melrose Drive.

[smartcode_project:default project_id=7947 project_image_fid=186442]

Short for WOden ReVAmped, the first apartments on offer are for those in the signature tower,&nbsp;home to more than just 271 apartments. It has&nbsp;701 sqm of retail space and five floors of amenity for residents, including a resort-style lap pool, a movie theatre, and resident&rsquo;s lounge, complete with a cocktail bar.

There are also dozens of cafes and eateries surrounding WOVA, beyond its own commercial and residential ground floor featuring eateries, cafes, boutique retail and convenience stores. Residents and visitors can stroll the&nbsp;more than&nbsp;3,000 sqm of landscaped gardens across the precinct.

[smartcode_project:default project_id=7947 project_image_fid=186444]

Designed by the award-winning&nbsp;Fender Katsalidis&nbsp;and Oculus Urban Design, WOVA apartments will feature large terraces and functional living areas. Buyers&nbsp;can choose from three different colour schemes.

The one-bedroom apartments benefit&nbsp;from the ACT government&#39;s recent scrapping of stamp duty for homes under $500,000,&nbsp;with prices starting from as low as $319,900.

Two-bedroom apartments start from $513,900, while three bedroom apartments begin at $1.25 million.

[smartcode_project_cta: project_id=7947]

WOVA is on track to meet it's schedule 2024 opening date following the ACT government's recent decision to re-open large scale construction

Construction begins on Geocon's Canberra apartment development WOVA 

Heidelberg West, in Melbourne&#39;s north-east, has quietly made a name for itself off the back of its more established suburbs of Ivanhoe, Preston, and Heidelberg.

Not just an extension of Heidelberg, Heidelberg West has been around for over a century, with the Heidelberg West Post Office dating back to the early 1920s. The area went on to host the Olympic Village at the 1952 Summer Olympics.

The small suburb&#39;s&nbsp;borders stretch from the start of Darebin Creek Forest Park and Olympic Park on the west to Waterdale Road to the east, with a number of parks, and extensive infrastructure, dotted throughout the suburb.

The local council, Banyule City Council, has plans in place&nbsp;to&nbsp;renovate the historic Bell St Mall, a sign of further infrastructure investment in the area.

[smartcode_project:default project_id=628 project_image_fid=180701]

On the border to the north of Heidelberg West is the&nbsp;&nbsp;La Trobe University, which has extensive plans to become a world-class University City of the Future, with development of the 235 hectare campaus.

La Trobe has been identified as the anchor in the Victorian Government&rsquo;s La Trobe National Employment and Innovation Cluster, one of seven clusters to be developed, to support the projected significant employment and residential growth in Melbourne&rsquo;s North.

The new infrastructure will turn the campus &#39;inside out&#39; and welcome the local community onto the campus as a place to live, learn, work, socialise and stay healthy.

The University City of the Future will create:

- 20,000+ new jobs over ten years

- Education facilities for 40,000+ students

- Additional housing for 12,000 students, staff and private residents

- $3.5 billion in Gross Regional Product (GRP) over the next 10 years.

[smartcode_project:default project_id=628 project_image_fid=180702]

Infrastructure will be furthered at Precinct 6A, on the corner of Bell Street and Waterdale Road, where there&#39;s been a rezoning by the local council&nbsp;for multi-level residential development, essentially leading to the gateway of the Heidelberg Precinct and Activity Centre.

The precinct will feature increased residential density to support the expanded job opportunities of the nearby LaTrobe National Employment and Innovation cluster.

This has been highlighted in the Heidelberg Structure Plan, currently adopted by Council and is expected to be delivered in the near future to accommodate the growth of the area.

One of the newest developments set to take advantage of the future infrastructure pipeline in the area is Cultivate, Heidelberg West&#39;s first high-rise development.&nbsp;

[smartcode_project:default project_id=628 project_image_fid=178982]

The dual-tower project, already over 50 per cent sold, will be one of the tallest on Bell Street, with&nbsp;stricter building heights now put in place as the residential development pipeline builds.

Cultivate offers a&nbsp;walk score of 80, with grammar schools and colleges, universities, hospitals, research hubs, major retail centres and the Yarra Valley Parklands all close by.

Apartments at Cultivate start from just $369,000 for a one-bedroom apartment and $479,000 for the two-bedroom units, considerably less than&nbsp;Heidelberg West&#39;s $650,000 median for two-bedroom apartments. Three-bedroom apartments start from $727,200.

Construction is expected to begin early next year, with a completion date slated for the end of 2023.

[smartcode_project_cta: project_id=628]

The small suburb's borders stretch from the start of Darebin Creek Forest Park and Olympic Park on the west to Waterdale Road to the east

Why buyers are looking to invest in Heidelberg West

First home buyers have been eyeing the affordable off-the-plan apartments in Cultivate, the latest development in Heidelberg West by the developer Kincaid.

The prominent architecture firm DKO have designed the apartments, which start from as low as $369,000.

The two-bedroom apartments start from $479,000, over $130,000 less than Heidelberg&nbsp;West&#39;s&nbsp;median two-bedroom apartment price of $610,000.

[smartcode_project:default project_id=628 project_image_fid=174207]

Cultivate, toward the tree-lined top of Bell Street, comprises 146 one, two and three-bedroom apartments across two towers.

Most apartments will offer views to the CBD or Dandenong Ranges. There will be a communal garden on the top of the southern tower and on top of the podium that connects the two towers.

Cultivate has a walkscore of 80, representing a very walkable neighbourhood with easy access to decorated educational institutions like La Trobe University, the RMIT Bundoora Campus, Our Lady of Mercy College, Ivanhoe Grammar School and Ivanhoe Girls&#39; Grammar School.

[smartcode_project:default project_id=628 project_image_fid=178983]

It is located just 12km north east of Melbourne&rsquo;s CBD, which is accessible via a range of public transport options. The conveniently located&nbsp;freeway provides easy access to get out of Melbourne, linking to the&nbsp;Mornington Peninsula and the Yarra Valley winery region, while the Eastern Freeway makes the CBD easily accessible.

The nearby Yarra Valley Parklands offer a diverse range of activity, golf courses, bike paths &amp; canoeing along the Yarra River.

West Heidelberg is part of a National Employment and Innovation Cluster, as identified by the Victorian Planning Authority, and is home to some of Melbourne&rsquo;s largest medical and research centres.

[smartcode_project_cta: project_id=628]

First home buyers have been eyeing the affordable off-the-plan apartments in Cultivate, beating out much of the established competitors in Heidelberg West

Kincaid offering first home buyer entry to Heidelberg West, with affordable Cultivate apartment development

Melbourne real estate agency, Tomassi &amp; Co achieved a record square metre rate for an off the plan apartment at The Hamilton Bentleigh.&nbsp;

The 115sqm apartment sold for $1.41 million, equating to $12,260 per sqm, a record in the tightly held Bentleigh market.&nbsp; 
&nbsp; 
The Hamilton Bentleigh is a collection of 36 residences in Melbourne&#39;s South East designed by the architecture firm, Peddle Thorp and to be set with gardens by landscape architects, John Patrick.

It is the largest multi residential project by apartment number that Tomassi &amp; Co have spear headed.&nbsp;

The development features 2 x 1 bedroom, 22 x 2 bedroom and 12 x 3 bedroom layouts, ranging in size from 60sqm to 115sqm.

They are priced between $579,000 - $1,300,000.

[smartcode_project:default project_id=5478 project_image_fid=23440] 
&nbsp; 
The Hamilton Bentleigh will also include 1000sqm of commercial office space and two 750sqm ground floor retails spaces.&nbsp; 
&nbsp; 
The developer, Momentum Global took over the project from Steller.

Wolf Construction Australia have been appointed to build the project at 277-279 Centre Road, Bentleigh.

This record also comes off the back of a recent Brighton square metre record rate at 3 &ndash; 7 Adamson Street, Brighton with Tomassi &amp; Co coordinating three separate vendors to sell in one line to enable a premier development site.&nbsp;

The coordinated approach saw the agency achieve a record rate of $6,478 per square metre, equating to a total of $12,050,000 for 1860sqm.&nbsp;

The site was purchased by Martello Property Group, with the $48,500,000 project expected to launch in Q3 of 2022.

The Hamilton Bentleigh is a collection of 36 residences launched to market by Tomassi & Co last month

jchancellor-FAypfDUnLy

Record $12,000 per square metre off the plan Bentleigh apartment sale

Following the launch of its boutique Kirra Beach apartment development The Emerson, the Melbourne-based developer Hirsch &amp; Faigen are on to their next project.

They&#39;ve lodged plans for their recently acquired 1,905 sqm Mermaid Beach site, 7-9 Mermaid Avenue&nbsp;at the northern end of Mermaid Beach,&nbsp;which was bought back in June.

H&amp;F, led by the Melbourne lawyer Daniel Faigen and Richard Hirsch, has had&nbsp;Rothelowman&nbsp;design Yves, which will comprise three&nbsp;25-level towers. They will home a total of&nbsp;145 apartments.

Following luxury developments at Palm Beach and Kirra Beach in Coolangatta, Hirsch &amp; Faigen have consciously gone for a more price appropriate product for the location.

[smartcode_project:default project_id=102451 project_image_fid=186070]

&quot;With Mermaid Avenue we&#39;re getting back to some more affordability,&quot; Faigen told Urban, adding that there&#39;s a need for a more price pointed product.

&quot;We&#39;re not on the beach, nor are we trying to do three of four million dollars per apartment for this one.

&quot;The investor market is super strong on the Gold Coast, and Mermaid already has established amenity with restaurants, cafes of course the beach.&quot;

Faigen said Mermaid is still the&nbsp;best suburb on the Gold Coast, with the millionaire&#39;s row Hedges Avenue fronting&nbsp;the beach. He said the&nbsp;apartment&nbsp;towers of this size fit the location better than the sites of their previous two developments.

<img alt="" height="690" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/hirsch_faigen_mermaid_beach_3.jpg" width="1200" /> 
Rothelowman aimed for a suburban approach to arrival in the communal lobby, designed as a greenhouse. Image source: Rothelowman

It&#39;s the third time in a row Hirsch &amp; Faigen have had Rothelowman handle the design of the project.

The in demand architecture firm call Mermaid Beach the Gold Coast&#39;s last humble vestige.

&quot;We all know the Gold Coast has changed a lot in the last 60 years, and as more and more people escape the crowded &lsquo;southern cities&rsquo;, we anticipate she will change even more,&quot; Rothelowman advised in their design statement.

&quot;Between the sleepless Broadbeach &amp; gentrified Burleigh, Mermaid Beach captures the diminishing modesty&nbsp;of the Gold Coast. It is a microcosm with cafes, craft and culture. A community of locals and tourists relishing a more humble urban lifestyle than the north &amp; south.

&quot;A deliberate and direct attitude towards enhancing the way in which buildings can add to the narrative of life of the Gold Coast is important in ensuring an &ldquo;Architecture of Place&rdquo; can be developed.&quot;

[smartcode_project:default project_id=102451 project_image_fid=186084]

They said the site presents&nbsp;a unique opportunity to create a transitional tower project at the junction between the intensity of cosmopolitan Broadbeach and the more traditional/ laidback vestiges that is well defined by places such as Mermaid Beach.

&quot;A rich part of the evolution of the Gold Coast is the challenge and opportunity posed by the emergence of high density precincts amongst the well-established lower intensity beachside villages of the City. This is very much a product of the desirability of living in the emerging City and the rapid shift towards a more urbanised environment along the length of the Coast.&quot;

There will be just eight one-bedroom apartments, which start from 60 sqm, across the towers, 101 two-bedroom apartments from 71 sqm and 30 three-bedroom units, which are upwards of 133 sqm in internal living space. The upper levels are reserved for three subpenthouses and three penthouses, the subpenthouse starting from 156 sqm and the penthouses from 287 sqm. The biggest apartment has 341 sqm of internal living area.

<img alt="" height="800" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/hirsch_faigen_mermaid_avenue_2.jpg" width="1200" /> 
Two of the three towers. Image source: Rothelowman.

The building&#39;s are crowned with outdoor rooftop seating, with the residential amenity located in the shared lobby, which Rothelowman designed as a greenhouse to create a suburban feel.

There will be a north-facing swimming pool as the centrepiece, as well as a pool and yoga deck, a&nbsp;gym, sauna, recreation lounge and barbecue seating.

The design is also a nod to the history of coastal masonry walk ups.

&quot;Embedding the coastal traditions of this place within high density apartment precincts is not by any means a straight forward task,&quot; Rothelowman state.

<img alt="" height="1679" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/hirsch_faigen_mermaid_4.jpg" width="1200" /> 
The lush, landscaped entry lobby. Source: Rothelowman

&quot;Mermaid Avenue seeks to humbly direct this thinking towards an outcome that promotes liveability and simplicity. The unique &ldquo;wedge-shaped&rdquo; site results in a dynamic built form that has been subtly articulated through a series of intersections in form and incisions in the overall mass. A layered approach to fa&ccedil;ade balancing glazing with masonry responds to climatic orientation, desire for views and outlook. A textural approach which balances reflectivity in glass with undulating precast patterned concrete will create a vibrancy through shadow and depth.

&quot;The low set podium is modestly scaled to engage with the neighbouring apartment buildings and continue the language of the street within the undercroft of the tower. Gardens prevail on all frontages ensuring a balanced relationship with the adjacent sites. The narrow streetscape interface is relaxed with generous setbacks allowing for the establishment of a landscape focused forecourt between the lobby and the footpath. Gardens are utilised to create a domestic tone, rich in coastal species, colour and textures.

[smartcode_project:default project_id=102451 project_image_fid=186075]

Hirsch &amp; Faigen recently entered the Gold Coast market with their luxury Palm Beach development Hemingway, and followed it with their even more upmarket&nbsp;Kirra Beach, Coolangatta development The Emerson.

Also designed by Rothelowman, The Emerson, across 13 levels,&nbsp;has just 27 apartments, priced from $3 million.

The crowning jewel is the four bedroom, 430 sqm penthouse on level 13 with two living areas, a master suite with walk in wardrobe and ensuite with double shower and double vanity.

[smartcode_project_cta: project_id=102451]

H&F, led by the Melbourne lawyer Daniel Faigen and Richard Hirsch, has had Rothelowman design three 25-level towers, which will home a total of 145 apartments.


Exclusive first look: Hirsch & Faigen lodge plans for Mermaid Beach apartment tower, Yves

Housing prices are 19 per cent higher than they were before the pandemic and Australian equity prices are around 10 per cent higher, the RBA governor Dr Phillip Lowe has noted.

&quot;This lift in the net wealth of the household sector is one of the things that suggest that once the restrictions are eased, households will be well placed to start spending again,&quot; he said.

He noted monetary policy was contributing to higher house prices at the moment.

But the governor said the central banks won&#39;t lift the cash rate to cool the property market.

&quot;I want to be clear that this is not on our agenda,&quot; he said.

&quot;While it is true that higher interest rates would, all else equal, see lower housing prices, they would also mean fewer jobs and lower wages growth.&nbsp;

[smartcode_project:default project_id=32136 project_image_fid=93835]

&quot;This is a poor trade-off in the current circumstances.

&quot;That is not to say that there aren&#39;t public policy issues to be addressed here.&nbsp;

&quot;On the financial side, the issue is the sustainability of trends in household borrowing.&nbsp;

&quot;We are continuing to watch this closely, with the Council of Financial Regulators discussing possible regulatory steps if lending standards deteriorate or credit growth accelerates too much.&quot;

[smartcode_project:default project_id=8082 project_image_fid=59639]

He said society-wide concerns about the level of housing prices were &quot;not best addressed through increasing interest rates and curbs on lending.&quot;

&quot;While monetary policy is contributing to higher housing prices at the moment, the way to address these concerns is through the structural factors that influence the value of the land upon which our dwellings are built.&nbsp;

&quot;The factors include: the design of our taxation and social security systems; planning and zoning restrictions; the type of dwellings that are built; and the nature of our transportation networks. These are all obviously areas outside the domain of monetary policy and the central bank.

&quot;Our job is to achieve the inflation target and support the return to full employment in Australia.&nbsp;

&quot;The package of policy measures we have put in place has us on a path to do that.&nbsp;

&quot;Delta is delaying progress, but it is not expected to derail our resilient economy,&quot; Dr Lowe said in a speech supporting the Anika Foundation

The RBA governor noted the lift in the net wealth of the household sector makes households well placed to start spending again after lockdown

RBA won't lift cash rate to slow property price gains

Diversified property company Jinding has secured two adjoining sites in the township of Kilmore in Melbourne&rsquo;s north, as it grows its project pipeline.

Located one hour&rsquo;s drive north of Melbourne, the land parcels in Kilmore&rsquo;s south-east, comprise a total of 60-hectares.

They will create 550 new lots averaging 550 square metres each.

Jinding secured the twin lots just prior to their rezoning from farming to residential land.&nbsp;

One site was bought off-market.

&ldquo;Developing in Kilmore was a deliberate choice for us, with the trend towards regional living growing significantly in the past 18 months,&quot; Jinding CEO Luke Guthrie said.

[smartcode_project:default project_id=24752 project_image_fid=159038]

&quot;Our aim is to meet this growing demand in Victoria, with best-in-class developments, championing premium living that is underpinned by a strong mix of amenity for all our customers.&rdquo;

The managing director of Jinding&rsquo;s development division Liz Ronson noted there had been a flurry of urbanisation in the Wallan and Beverage growth areas in Melbourne&rsquo;s north, however, Kilmore has remained relatively untapped.&nbsp;

&quot;The recent rezoning is a very strong proposition from a development- perspective, as the land is relatively affordable and well connected to established social infrastructure, with a leafy rural backdrop.&quot;

The purchases are part of strategic plans by the business&rsquo;s development arm to restock its pipeline, which currently comprises more than 4000 homes, while its Octave Junction Village and Harriot Armstrong Creek projects simultaneously move into their settlement stages.

Finding will launch the Kilmore lots for sale in 2022, with construction anticipated to commence late next year, ahead of welcoming residents in 2023.

&nbsp;Founded in Melbourne in 2016, Jinding&rsquo;s integrated business structure comprises five in-house divisions including: Development, Real Estate, Investments, Funds Management and Services.

Established in 2016, Jinding is an Australian-owned and operated property company, whose current development portfolio consists of over 4,000 homes, with an end value in excess of $1.8bn.

Jinding secures two Kilmore house and land development sites

The national residential property rental vacancy rate has fallen to just 1.6% in August, &nbsp;the lowest rental vacancy rate since March 2011.

SQM Research calculated the total number of vacancies Australia-wide now stands at 58,856 residential properties, down from 61,313 in July.&nbsp;

But while there were new falls in rental vacancy rates across many regions, CBD rental vacancy rates have surged again over August.&nbsp;

Vacancy rates rose in the Sydney CBD to 7.8%. Melbourne CBD also recorded a rise in rental vacancies to 8.3%.&nbsp;

Overall Melbourne&rsquo;s vacancy rate fell to 3.5% in August from 3.6% in July, while in Sydney vacancy rates dropped to 2.6% from 2.7%.&nbsp;

In a sign that harsher capital city lockdowns are affecting the rental market, many regions in NSW recorded falls in rental vacancy rates such as the Blue Mountains and NSW North Coast &nbsp;which recorded falls in vacancies over August to 0.6% and 0.7% respectively. &nbsp;

In Adelaide, Perth, Darwin, Canberra and Hobart the vacancy rate remained below 1%, while Brisbane&rsquo;s rate remained constant.&nbsp;

Over the month to 12 September 2021, national asking rents rose 1.3% for houses to $533 per week and units rose by 0.2% to $402 a week.&nbsp;

The national rise was driven by larger regional increases over and above the capital cities.&nbsp;

SQM Research believes the lockdowns may have triggered another wave of interest in regional living as many of the community seek freedom away from harsh Covid measures.&nbsp;

Capital city rents remained steady for houses over the past 30 days and are up by 9.1% over the past 12 months.&nbsp;

Rents for units rose by 0.2% over the past 30 days and up by just 1.9% for the past 12 months.

Rents rose for most regions around Australia. Rents for houses in North Coast NSW rose by 4.2% for the month. Rents rose by 6.7% for the month in Sydney&rsquo;s Blue Mountains. Rents also rose by 4.8% for houses in the Mornington Peninsula and rents rose a stunning 8.2% for houses in Toowoomba.

Louis Christopher said there are strong signs the current lockdowns are creating another wave on interest in regional property.&nbsp;

&quot;While it is true that a number of regional areas have been in lockdown, it has been perceived that the regional lockdowns have not been as harsh or as widespread compared to the city-wide restrictions. 
&nbsp; 
&quot;Going forward, we anticipate that vacancy rates will fall again over the month of September.

&quot;Weekly listing updates through to the 12th of September suggest a further tightening of conditions and so it is reasonable to expect another surge in rents in most areas except for the CBD locations.&rdquo;

Louis Christopher, managing director of SQM Research, forecasts vacancy rates will fall again in September

Spike in lockdown CBD rental vacancies as national vacancy rate falls to decade lows: SQM

Residential property prices rose 6.7 per cent in the June quarter 2021, the strongest quarterly growth since the index series began in 2003, according to figures released today by the Australian Bureau of Statistics (ABS).

All capital cities recorded a rise in residential property prices in the June quarter 2021.&nbsp;

The combined capital cities saw house prices rise 7.7 per cent, while attached dwelling prices rose 4.3 per cent, following a rise of 2.7% in the March quarter 2021.&nbsp;

This is the largest quarterly rise in attached dwelling prices since the December quarter 2009, and up 9.3% over the last twelve months.

The term &#39;attached dwellings&#39; includes flats, units and apartments plus semi-detached, row and terrace houses.

Canberra was the only capital city to experience record quarterly growth in both the House Price Index (+8.9 per cent) and the Attached Dwelling Price Index (+6.0 per cent) in the June quarter 2021.

Sydney attached dwellings prices rose 5.1% this quarter, following a rise of 2.6% in the March quarter 2021, up 9.6% over the last twelve months.

Sydney price rises were observed across all segments of the market, with strength especially evident in the upper ($980,000 and above) market segments.&nbsp;

Melbourne attached dwellings prices rose 2.9% this quarter, following a rise of 2.5% in the March quarter 2021, up 7.9% over the last twelve months.

[smartcode_project:default project_id=100322 project_image_fid=163036]

Melbourne price rises remain most evident in the upper ($610,000 and above) segments of the market.

Brisbane attached dwellings prices rose 3.1% this quarter.&nbsp;

It was the largest quarterly rise in the index for Brisbane since the September quarter 2009,up 8.1% over the last twelve months.

Brisbane price rises were observed across all segments of the market, with price growth this quarter most evident in the upper ($380,000 and above) market segments.

[smartcode_project:default project_id=108278 project_image_fid=173596]

Canberra attached dwellings price rose 6% this quarter, the largest quarterly rise in the index for Canberra since the commencement of the series, in the September quarter 2003.

Canberra apartment prices rose 13.5% over the last twelve months.

[smartcode_project:default project_id=95099 project_image_fid=169112]

Adelaide attached dwellings prices rose 2.5% this quarter, up 9.2% over the last twelve months.

Perth attached dwellings prices rose 4.2% this quarter, up 12.1% over the last twelve months.

[smartcode_project:default project_id=26734 project_image_fid=153705]

Hobart attached dwellings prices rose 6.4% this quarter, up16.% over the last twelve months.

It was Hobart&#39;s largest quarterly rise since the December quarter 2003.

Perth&#39;s attached dwellings prices rose 5.2% this quarter, up 10% over the last twelve months.

Annually capital city residential prices rose in Sydney (+19.3%), Canberra (+19.1%), Hobart (+17.7%), Melbourne (+15.0%), Perth (+15.0%), Brisbane (+14.6%), Adelaide (+14.2%), and Darwin (+12.8%), over the last twelve months.&nbsp;

&quot;Persistently low levels of stock on the market were being met with strong demand and properties transacting at an increasingly rapid rate,&quot; ABS Head of Prices Statistics Michelle Marquardt said:.

&quot;The continued growth in property prices was occurring at a time of record low interest rates..&nbsp;

&quot;With the exception of Hobart and Darwin, capital cities continued to see house price rises outpace those of attached dwellings such as apartments and units, with price growth for both property types being driven by the upper segments of the market&quot;, Ms Marquardt said.

The total value of Australia&rsquo;s 10.7 million residential dwellings rose by $596.4 billion to $8,924.6 billion in the June quarter 2021, the largest quarterly rise on record.&nbsp;

The mean price of residential dwellings in Australia rose by $52,600 to $835,700.&nbsp;

The mean price of residential dwellings in NSW ($1,093,100) remained the highest in the country, with the ACT ($891,700) now the second highest, marginally ahead of Victoria ($891,500).&nbsp;

The most recent COVID-19 related shutdown in Sydney began on 26 June 2021 and therefore did not have a noticeable impact on residential property price statistics in the June quarter 2021.&nbsp;

The combined capital cities saw house prices rise 7.7 per cent, while attached dwelling prices rose 4.3 per cent. 

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