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?

New homes sales jumped around 15 per cent in June, according to the HIA New Home Sales report.

The data comes from a survey of the largest volume home builders in the five largest states.

Private new detached home sales rose by 14.8 per cent in June to 5,841.&nbsp;

Over the year to June, sales were 44.9 per cent higher than the previous year. 
&nbsp; 
&ldquo;The strength of new home sales nationally suggests that there will be a significant number of new homes entering the pipeline post HomeBuilder which will ensure activity remains elevated into 2022,&rdquo; HIA economist Angela Lillicrap said.

[smartcode_project:default project_id=99962 project_image_fid=160810]&nbsp;

While sales in the June 2021 quarter are below the levels experienced during the nine months of the HomeBuilder program they are stronger than the same quarter in 2019 and on par with the June 2018 quarter, which was a strong year for detached home building. 
&nbsp; 
&ldquo;Record low interest rates and confidence in the housing market are driving demand from owner occupiers. 
&nbsp; 
&ldquo;Strong house price growth is also a contributing factor,&quot; she said.

&quot;Households enter into a contract to build with the expectation that house prices will continue to grow and the property will be worth more when it is completed,&quot; she said. 
&nbsp; 
The strength in new home sales is not occurring evenly across the states. 
&nbsp; 
&ldquo;New home sales in New South Wales and Western Australia were over a third higher in the June 2021 quarter compared to the same time in 2019.&nbsp;

[smartcode_project:default project_id=95340 project_image_fid=160801]

Sales in Queensland were 4.4 per cent higher compared to the June 2019 quarter, while Victoria is flat (down by 0.1 per cent).&nbsp;

South Australia had the strongest response to HomeBuilder, but sales since the end of the program remain lower by 14.4 per cent compared to the June 2019 quarter. 
&nbsp; 
&ldquo;This strong volume of sales will continue to pull the national economy forward,&rdquo; concluded Ms Lillicrap.

No data was published by the HIA for multi-unit sales.&nbsp;

The HIA publish an annual Housing 100 Report which lists the nation&rsquo;s top residential builders.

Metricon Homes top the last published list with a total of 4,534 new home starts across Victoria, Queensland, New South Wales and South Australia.&nbsp;

Of these starts, 4,303 were detached houses and 170 were semi-detached dwellings,&rdquo; added Mr Reardon.

The second most active builder in 2019/20 &ndash; and the nation&rsquo;s largest apartment builder &ndash; Hutchies had 3,820 housing starts, followed by Multiplex with 3,486 starts.

Despite Covid, the 28th annual HIA&ndash;Colorbond&reg; steel Housing 100 Report 2019/20 survey showed that the number of new home starts by the nation&rsquo;s largest 100 builders increased from 67,694 to 69,459.

The strength in new home sales is not occurring evenly across the states

jchancellor-FAypfDUnLy

House and land package buyers expect to be ahead pricewise on construction completion:  HIA

Canvas is a boutique collection of 62 apartments in Melbourne's sought-after northern suburbs from property developers ID_Land.

The development of one, two and three-bedroom residences reinterprets the industrial regeneration of Brunswick with an industrial façade and a structural form.

Designed by Rothelowman and Hecker Guthrie, the development provides a sustainable living experience that culminates into a home for families, couples and individuals.

Urban recently sat down with ID_Land’s joint managing director Matthew Belford to discuss the project.

[smartcode_project:default project_id=29358 project_image_fid=85965]

MK: What are the highlights of Canvas and what is attracting buyers to the project?

MB: The architecture at Canvas is particularly striking; we engaged one of our most-trusted collaborators in Rothelowman to lead the design, and they have ensured the project will complement Barkly Street, its neighbouring buildings, and the area’s industrial heritage.

[smartcode_project:default project_id=29358 project_image_fid=85967]

Hecker Guthrie-designed interiors bring together neutral colour palettes and functional floorplans that appeal to a range of different buyer groups. Apartments are spacious and designed to be lived in, with a communal rooftop space for residents to enjoy as well.

One of the main pillars at Canvas is sustainability; the project is fossil fuel free, utilises solar power and greywater systems, has strong walkability and is close to public transport, so we are seeing a lot of interest from environmentally-conscious homebuyers.

The location of Canvas has also proven to be a strong drawcard so far – its status as a ‘Walker’s Paradise’ and its Walk Score of 97/100 means local parklands, public transport, bike paths, as well as the bars, restaurants, cafés and retail stores that make Brunswick so sought-after, are all within walking distance.

[smartcode_project:default project_id=29358 project_image_fid=85960]

MK: What was the design brief for Rothelowman?

MB: We wanted Canvas to reference and engage with the rich tapestry of built-form which has shaped Brunswick into the suburb it is today, with a sculptural façade and broad appeal to a range of residents – individuals, couples and families.

MK: Where have buyers come from, and who is the development appealing to?

MB: Many of the project’s buyers have come from the city’s inner ring, with the project features alongside the proximity to Brunswick driving strong interest from a mixture of younger buyers, first home buyers, and families.

[smartcode_project:default project_id=29358 project_image_fid=85962]

We have also seen strong interest from ‘right-sizers’ - those who have been looking for property for some time but haven’t managed to find the right fit closer to the sought-after inner ring lifestyle suburbs.

MK: What else does the Canvas community offer to residents?

MB: The project will have a rooftop residents’ amenity, with a 360-degree view of the Melbourne skyline alongside a kitchen and dining space, and a recreation lounge.”

[smartcode_project:default project_id=29358 project_image_fid=85966]

MK: Why did you choose Brunswick for your latest development?

MB: Brunswick is an area that our team knows well, having developed The Barkly townhouses in 2016 just down the road from Canvas – it’s also an area I’ve known for over 20 years, as I used to live and study in the area.

MK: Where is current buyer enquiry coming from?

MB: Enquiries are being driven largely by Melbourne locals, predominantly from the city’s inner ring suburbs, visiting the display suite.

[smartcode_project_cta: project_id=29358]

Urban recently sat down with ID_Land’s joint managing director Matthew Belford to discuss the project

max.kwok_55688

What buyers need to know about Canvas at Brunswick: Urban chats with ID_Land's Matthew Belford

Newport Village a new residential offering in Melbourne&rsquo;s South Kingsville, boasting up to $20,000 off two and three-bedroom apartments thanks to a developer bonus.

Developed by Land Real, buyers of two and three-bedroom residences can save up to $30,000 when combined with first home buyer government grants.

The exclusive collection of 273 luxury dwellings on Blackshaws Road feature tacticle, sensory and robust materials.

[smartcode_project:default project_id=5449 project_image_fid=161847]

The interiors have been curated by SJB Architects, boasting a highly functional urban living experience, as well as green spaces and cascading gardens for wellness.

Many floorplans feature open-plan living and dining areas, with a contemporary kitchen and bathroom designed with textural stone.

[smartcode_project:default project_id=5449 project_image_fid=161853]

Generous ceiling heights and wide expanses take advantage of natural light, flowing into the large private outdoor balcony spaces in each residence.

&ldquo;An intimate neighbourhood and community feel are partnered with privacy and security for each resident&rdquo;, the project marketing reads.

[smartcode_project:default project_id=5449 project_image_fid=161852]

The home is located close by Williamstown Beach, Newport Wetlands and parks, and is only seven kilometres from the Melbourne CBD.

The apartment is part of one of the largest single residential solar systems in Victoria with a system size of &gt;200kWp.

[smartcode_project:default project_id=5449 project_image_fid=161848]

Other environmentally-conscious design elements include high water efficiency fittings and fixtures and best-practice waste management.

The developer bonus on offer from Land Real is only available for a limited amount of time.

[smartcode_project_cta: project_id=5449]

Developed by Land Real, buyers of two and three-bedroom residences at Newport Village can save up to $30,000 when combined with first home buyer government grants

Save up to $20,000 at inner-Melbourne’s latest residential addition, Newport Village in South Kingsville

Melbourne is expected to see prices continue to rise as unmet future residential demand shifts to emerging areas around the CBD.

With an upswing expected later this year as investor interest in the Victorian property market rises, buyers who get in early will be rewarded with competitive prices on off-the-plan residences.

Urban takes a look at the top four Melbourne apartments marketed as investor-friendly properties.

1. R.Iconic, South Melbourne 
Developer: R.Corporation 
One-bedroom apartments from $506,500

[smartcode_project:default project_id=5234 project_image_fid=167355]

Set on a rare island site with prime park frontage, R.Iconic has been labelled a great investment opportunity by its developers.

Apartments at the South Melbourne building are guaranteed to secure five per cent net annual return for four years, thanks to its great location in a high-growth Melbourne precinct.

&ldquo;The Emergence of South Melbourne&rsquo;s Montague precinct provides a generational opportunity to secure a new CBD quality apartment at an exceptional price that simply can no longer be delivered in the CBD&rdquo;, the developers have said.

[smartcode_project:default project_id=5234 project_image_fid=84282]

Investors will also enjoy knowing that R.Iconic residences boast deposits as low as $20,000, making it easy to invest in a project redefining inner-city Melbourne living.

Expected to reach completion in mid-2022, the building showcases one, two and three-bedroom apartment configurations and 38 world-class resident-only amenities.

Focusing on natural surroundings, wellbeing, fitness, entertaining and technology, R.Iconic has double the amenities of any project of its type.

2. Hawthorn Park, Hawthorn East 
Developer: Dahua Group 
One-bedroom apartments from $609,000

[smartcode_project:default project_id=3730 project_image_fid=35252]

Hawthorn Park is a sophisticated residential mid-rise that is strategically located amongst Hawthorn East&rsquo;s several transport, education, lifestyle and amenity offerings.

According to the DHHS, apartments in Hawthorn East have registered median rental growth of 4.2% per annum for one-bedroom apartments in the ten-year period to March 2021, in spite of the continued impacts of the coronavirus pandemic.

&ldquo;Looking forward, high demand driven by the catchment&rsquo;s proximity to education, transport and amenity, coupled with the ongoing growth of the renal market, is likely to attract market interest from interstate and overseas investors&rdquo;, the developers said.

[smartcode_project:default project_id=3730 project_image_fid=30658]

Residents will enjoy the property&rsquo;s landscaped green spaces and parks that feature fruit and vegetable gardens for dwellers to grow their own produce.

The project also features a sky boardwalk, splash pool, sky lounge, massage suites and fully-equipped gym.

3. Voyager, Docklands 
Developer: Mirvac 
Two-bedroom apartments from $706,500

[smartcode_project:default project_id=3494 project_image_fid=90814]

Docklands is continuing to develop as a place where people choose to live, work and visit, becoming the country&rsquo;s largest construction project.

Mirvac&rsquo;s Voyager at Yarra&rsquo;s Edge delivers a range of one, two and three-bedroom apartments across 43 levels.

According to the developers, &ldquo;[a]stute investors in Voyager will see opportunity in purchasing within the already established Yarra&rsquo;s Edge community.&rdquo;

Contemporary apartments and a number of resident-only amenities has encouraged investors to purchase into the development.

[smartcode_project:default project_id=3494 project_image_fid=89724]

Facilities include a resident sky deck, dining room and bar, hanging gardens, 270-degree skyline views and a cinema and karaoke room.

The rental market for Docklands is strong with median rents for two-bedroom apartments higher than across Greater Melbourne at $465 and $385 per week, respectively, according to SQM Research.

4. Ryrie Home, Geelong 
Developer: Franz&eacute; Developments 
One-bedroom apartments from $375,000

[smartcode_project:default project_id=5559 project_image_fid=88241]

Although not in Melbourne, local and interstate investors are flocking to coastal investments thanks to a shift in lifestyle for many city-dwellers.

Population growth is always a key driver for increased demand in the residential market and thanks to a population growth forecast at 3.14 per cent per annum, the demand for housing in Geelong will yield consistent returns.

&ldquo;The median sale price for apartments in Geelong has grown significantly, on average 10 per cent per annum over three years, this suggests strong capital growth returns&rdquo;, the project marketing stated.

[smartcode_project:default project_id=5559 project_image_fid=88244]

As the fastest-growing regional city in Australia, Ryrie Home delivers investors the pleasure of owning a beautiful apartment for an affordable price.

Each apartment boasts secure basement car parking and storage units, as well as access to hotel amenities, commercial retail and views across Corio Bay and the Botanical Gardens.

Melbourne is expected to see prices continue to rise as unmet future residential demand shifts to emerging areas around the CBD

The top four Melbourne apartments marketed as investor-friendly properties 

When residents arrive at The Inc, they are welcomed into a vibrant and diverse community within one of Melbourne&rsquo;s best-connected suburbs.

&ldquo;Caulfield North is home to one of Australia&rsquo;s largest multicultural communities, whose traditions and culture can be felt in the village atmosphere&rdquo;, the project marketing team shared.

&ldquo;A short drive from home will place you at Caulfield Park or amongst the melting pot of cafes, restaurants, specialty grocers, bars and boutiques on Carlisle Street, High Street or Glenferrie Road.&rdquo;

[smartcode_project:default project_id=95292 project_image_fid=159008]

The Inc is the latest development being delivered by Red Collective in collaboration with Platinum.

Ewert Leaf-designed apartments are offered in two and three-bedroom configurations, proving popular with buyers looking for luxurious oversized residences.

Situated at Inkerman Road, the development is set amongst the leafy streets and verdant greenery that define Melbourne&rsquo;s south.

[smartcode_project:default project_id=95292 project_image_fid=161031]

The architecturally designed building boasts a monochromatic palette that is brought to life by the vibrant autumnal organs of maple and pear trees curated by landscape architect John Patrick Architects.

Beyond the staggered evergreen trees providing full canopies of shade is the picturesque Caulfield Park, featuring opportunities to explore, exercise, socialise and unwind.

[smartcode_project:default project_id=95292 project_image_fid=159006]

Perfect for entertaining friends or young children, the local icon includes playgrounds, sporting fields, running tracks and lakeside picnic shelters.

Boasting some of the city&rsquo;s finest dining and shopping destinations, Caulfield North is moments from galleries, antiques and chic clothing stores.

[smartcode_project:default project_id=95292 project_image_fid=159003]

Highly-regarded schools and universities are also close to home. Melbourne Grammar School, Caulfield Grammar School, and Caulfield Junior College are all situated within walking distance, while Monash University is only a short tram ride away.

At the Inc, everything is within easy reach.

[smartcode_project_cta: project_id=95292]

When residents arrive at The Inc, they are welcomed into a vibrant and diverse community within one of Melbourne’s best-connected suburbs

What's within walking distance from The Inc?

Macroprudential measures are likely to feature in the property market cycle, according to Pete Wargent, co-founder of BuyersBuyers.com.au. 
&nbsp; 
&ldquo;Although there are a lot of variables, property investors should be aware that if activity accelerates sharply then the market regulator is quite likely to step in,&quot; the buyers&#39; agent said.

&quot;We recommend that investors prepare accordingly&rdquo; Mr Wargent said, adding the timing and extent of measures are unknown.

Wargent said investors need to be aware of the potential for changes to lending standards.

&quot;It will be substantially harder to get a loan,&quot; he said.

[smartcode_project:default project_id=3260 project_image_fid=62343] 
&nbsp; 
&quot;We know from recent history that the regulators won&rsquo;t want investor lending to run too hot, so it makes sense for investors to prepare accordingly rather than be surprised by restrictions as and when they do happen&rdquo;. 
&nbsp; 
Doron Peleg, CEO of Riskwise Property agreed that macroprudential tightening was a likelihood during the current cycle, as low mortgage rates encourage a surge in property investment. 
&nbsp; 
&ldquo;Based on our analysis and previous events (particularly the measures implemented in 2017), the likelihood that such measures will be implemented within the next 12 months is relatively high&rdquo; Mr Peleg said. 
&nbsp; 
However, Peleg pointed out that at this point of time there are only indications regarding the nature of these measures being a combination of:&nbsp; 
&nbsp; 
-changes to the &#39;floor assessment&#39; rate at the individual loan level; 
&nbsp; 
- LVR restrictions or caps at the portfolio level 
&nbsp; 
-potential debt-to-income (DTI) ratio restrictions at the portfolio level.&nbsp; 
&nbsp;&nbsp; 
&ldquo;Since recent cycles have suggested that property investor activity tends to amplify the property market cycles, it is likely that credit restrictions would significantly stymy growth, if not cause the market to stall or decline moderately&rdquo; Mr Peleg said.

[smartcode_project:default project_id=5490 project_image_fid=78497]

BuyersBuyers.com.au, an IT marketplace connecting homebuyers with buyer&rsquo;s agents, was co-founded by chief executive Doron Peleg and chief operating officer Pete Wargent.

Peter Meek, formerly managing director of Chobani holds a board advisory role.

The board announced the completion of its Series A funding round which will help the the platform&#39;s leveraging Artificial Intelligence (AI) and Machine Learning (ML).

Crevan Murphy of tech firm SafetyCulture and will assist with advisory on technology and product development.

The investment round was led by George Barnett of Atlassian.

Pete Wargent of BuyersBuyers.com.au said the regulators won’t want investor lending to run too hot

Property investors should prepare for macroprudential measures: Pete Wargent

A two bedroom Surry Hills apartment fetched $1.555 million at its online weekend auction.

It was set on level three of the Foveaux Apartments at 301/81 Foveaux Street (pictured).&nbsp;

The apartment was designed by Adam Haddow of SJB with tailored interiors by Iain Halliday of BKH with bold colours, timber floors, floor to ceiling glass and high ceilings.

It comes with banquette dining and custom kitchen joinery with indoor-outdoor living with a Northern aspect.

It comes with a car space and basement storage in the development featuring 53 residential apartments and four retail shops.

[smartcode_project:default project_id=7363]

The apartment and balcony total 90sqm, with 110sqm including car space and storage

Its quarterly strata levies sit at $1,766.

It was sold by Dean Applegate at Laing &amp; Simmons having first sold at $1,265,000 in 2014.

It was shortly after $17.6 million development approval was given for the Legion Cabs site.

Some 44 of 53 apartments in The Foveaux sold at its September 2014 launch by former fashion boss Danny Avidan and his development partner Rafi Asouline.

They bought the 1370sq m site in 2013 at a heated auction for $18 million.

Unit prices in the five-level building start from $700,000 for a one bedroom, $995,000 for a two-bedroom and $1.5 million for a three-bedder.

It was expected to be completed in 2016, but settlements were in May 2017.

Sydney saw 172 weekend auction apartment results with a 74 percent success rate for its apartments and townhouse listings.

Nationally there were 468 results across all the capital cities with a 68 percent success rate and a $750,000 apartment median price.

The two bedroom apartment is positioned on level three of the Foveaux Apartments designed by Adam Haddow of SJB 

SJB-designed Surry Hills offering tops Sydney weekend apartment sales

From Tuesday 13 July 2021 you must wear a fitted face mask when you are in an indoor area of common property in a Sydney residential apartment building.

It covers strata titled, community titled and company titled complex.

Residents do not need to wear a mask inside their apartment.

It comes as a block of 29 apartments in Sydney's east has seen a covid breakout within five apartments in the complex.

The common areas where you must wear a mask include: 

a shared foyer or lobby of an apartment block; the lifts, stairwells and corridors and shared laundry facilities.

Masks must be worn by anyone entering including residents and visitors, building managers, concierge staff and cleaners.

Masks must also be worn by people providing goods and services including tradespeople and contractors along with people delivering food, mail and parcels. 

From Tuesday 13 July 2021 you must wear a fitted face mask when you are in an indoor area of common property in a Sydney residential building 

Masks compulsory from July 13 on Sydney apartment common property

A freestanding townhouse at McKinnon in Melbourne&#39;s south east was the top weekend auction listing.

There was a pre-auction $2.16 million sale of the four bedroom, three bathroom townhouse at 33 Windsor Avenue (pictured) through Buxton.

It was snapped up in just 15 days, forcing would-be buyers into a hasty decision as to whether to compete for the offering which had been listed with $2 million to $2,075,000 price guidance.&nbsp;

The next priciest sale was $1,951,000 for a beachfront townhouse at 6A Wallum Road, Edithvale which came with a $1.85 million to $1.95 million price guide through Buxton. It had traded at $1.2 million in 2010.

The McKinnon sale offering marketed the home as &quot;in the heart of the McKinnon College zone and within a walk of McKinnon&rsquo;s latte strip and station.&quot;

<a href="/developments/melbourne-vic?source_news_article_id=105811&amp;ref=news_body_link"><img alt="" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/melb_cbd_tile_2.jpg" style="width: 720px; height: 480px;" /></a>

The townhouse was designed by Pink Architecture and constructed by boutique builders, PMC Group.&nbsp;

It had four bedrooms plus home-office along with 3.5 bathrooms.

Its first-floor master-domain came with dual-vanity ensuite.

The suburbs sees the MCKN apartment project nearing its late 2021 completion.

It too is in the McKinnon Secondary Zone.

[smartcode_project:default project_id=4939]

DealCorp&#39;s MCKN has five levels with 41 apartments and a streetside cafe below, with a design by Ritz &amp; Ghougassian.

Prices of available two bedroom apartments start at $755,000.

The Chadstone and Southland Shopping Centres are a 10 minute drive.

Melbourne auction vendors secured a 66 percent success rate from the 264 results of its apartment and townhouse listings.

Melbourne&#39;s prior weekend saw 285 results with a steady 66 percent success rate with a $670,000 median apartment price with the top townhouse sale being a four bedroom offering at 199A Beach Rd, Mordialloc which fetched $2.35 million.

Sydney saw 172 results with a 74 percent success rate.

Nationally there were 468 results across all the capital cities with a 68 percent success rate and a $750,000 median price.

The McKinnon townhouse fetched $2.16 million

McKinnon tops weekend auction results

The City of Greater Geelong secured $4.72 billion in real estate transactions in 2020. It was just short of municipal Melbourne&rsquo;s $4.86 billion, according to Victoria&rsquo;s Valuer-General&rsquo;s Guide to Property Values.

Victoria&#39;s record year for property sales saw $120.5 billion in sales despite the Covid-19 pandemic.

The total value of sales of all property in Victoria increased by 7.6 per cent.

The total number of sales increased by 11 per cent from 150,088 to an estimated 166,728, reflecting an increase of 6.2 per cent in the number of residential sales.

It should be noted that there is an estimated five per cent of all property and 15 per cent of metropolitan unit and land sales yet to be recorded, the report noted due to the extended settlement period for off- the-plan sales.

[smartcode_project:default project_id=5559 project_image_fid=88241]

The median house price in Victoria&rsquo;s residential property market increased by 2.5 per cent to $625,000 in 2020. It had decreased by 0.1 per cent in 2019 ($610,000) and increased by 2.5 per cent in 2018 ($610,500).

Growth in house prices in country Victoria (regional cities and towns) in 2020 was higher than metropolitan Melbourne, with country Victoria median house sale prices increasing 7.8 per cent compared to the 4 per cent increase in the metropolitan median. Unit/apartment median prices in metropolitan Melbourne increased by 3.1 per cent, compared with 8.3 per cent for unit/apartment prices in country Victoria.

The median sale price recorded for Melbourne houses in 2020 was $750,000. The median sale price recorded for Melbourne&rsquo;s units in 2020 was $591,750.

Melbourne&rsquo;s median sale price for vacant residential land rose 0.8 per cent to $315,000 in 2020. A booming Geelong might come close to trumping the City of Melbourne again this year, realestate.com.au economic research executive manager Cameron Kusher told The Herald Sun.

The evolution of Geelong gained momentum with the launch of Franz&eacute; Developments&rsquo; $150 million Geelong Quarter precinct in 2018.

[smartcode_project:default project_id=5234]

It was described as the most significant mixed-use project on the Bellarine Peninsula in two decades. Designed by Architectus, Geelong Quarter will be an active hub for 1,500 residents, workers and visitors each day on its 2022 completion.

Marketing is currently underway on the offering, Ryrie Home, the residential apartment complex where many of the 109 one, two and three-bedroom apartments have views of Corio Bay. Ballarat and Bendigo property deals totalled $1.69bn and $1.489bn respectively, according to the report that provides property statistics for Victoria&#39;s 79 municipalities

The City of Greater Geelong secured $4.72 billion in real estate transactions in 2020 just short of municipal Melbourne’s $4.86 billion

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

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Latest Property News

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

Guides

Editor's Picks

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Guides

Developments

New apartments

New townhouses

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