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?

Singer Dannii Minogue has bought back into Hawthorn East spending $3.52 million on a modern four-bedroom townhouse.

It had been for sale since April last year.

The star purchased her Hawthorn East duplex some two years after she sold another four-bedroom house in the suburb for $2.56 million.

The three-storey home on 398 sqm has three bedrooms with en suites and walk-in wardrobes, and a fourth bedroom with access to a family bathroom and powder room.

[smartcode_project:default project_id=3730 project_image_fid=158931]

The ground floor has a wide entrance hallway leads to a sitting and dining room, and study nook.

The rear of the home has an open-plan kitchen, dining and living area that flows out to a north-facing al fresco space with an outdoor kitchen and barbecue.

The property has a two-car garage, a lift and a cellar and gym in the basement.

It was advertised as &quot;low-maintenance luxury living.&quot;

The adjoining four bedroom, four bathroom townhouse was sold for $3.5 million in late 2019.

Cordell Connect advise the duplex development application costs were $760,000 in its 2015 application.

Dannii Minogue had previously lived in a Hawthorn East mansion with her ex-partner Kris Smith


jchancellor

Hawthorn East townhouse sale to singer Dannii Minogue

A former tea warehouse in Southbank is set to be transformed under the latest plans to build a new precinct.

The historic Robur Tea House site is set for a hotel, apartment, office, retail and dining hub with its buildings up to 25 storeys high.

The $89m proposal to surround historic Robur Tea House in Southbank with seven new buildings has yet to be considered by the City of &shy;Melbourne.

New buildings between three and 25 storeys tall would be built around it on the 2948 sqm plot.

Apartments are proposed for levels 16-25.

<a href="/developments/southbank-vic-3006"><img alt="" height="800" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/template_photoshop_southbank_0.jpg" width="1200" /></a>

Developer CostaFox Developments Pty Ltd bought the property for $28 million last year.

The Melbourne developer has a track record of incorporating historic buildings into new developments as in 2014, it won the Australian Property Institute heritage property award for its redevelopment of the former Art Deco Tip Top Bakery, in Brunswick East.

A 2017 application for a 39-storey development of the tea warehouse was rejected by Heritage Victoria.

The six-storey warehouse was built in 1889 at 28 Clarendon Street, then ranked for years after completion as the tallest structure outside of the Melbourne CBD.

CostaFox director Michael Fox told the realestatesource.com.au website that &ldquo;the plan was to create an international hotel with branded residences, a complete refurbishment of the old Tea House building that will include world class retail and hospitality offerings together with a new public realm and forecourt&rdquo;.

A former tea warehouse in Southbank is set to be transformed into a new precinct designed by Oslo architectural practice, Snøhetta

Former Southbank tea warehouse transformation back on the boil

The long weekend national auction clearance rate saw 71 percent of the 344 apartments find buyers with Sydney being the strongest market.

There was a 76 percent success rate for the 229 Sydney apartment vendors.

The Sydney median apartment sale was $970,000, according to CoreLogic.

There was a 60 percent clearance rate for the 90 Melbourne vendors, with over a quarter selling pre-auction.

There was a $643,000 median apartment price paid in Melbourne.

The national apartment median price for weekend sales was $900,000, compared with $1.23 million for houses, which saw a 79 percent success rate.

Listings were well down in most capitals given the long weekend.

On the prior weekend CoreLogic calculated there was a lower 63 percent national success rate from 625 apartment and townhouse auction offerings.

A two storey Kew townhouse was the highest reported result when 65A Charles Street, Kew fetched $2.25 million.

It was a four bedroom, three bathroom townhouse on 346 sqm which was designed as a duplex in 2015 by Thomas Anderson Design.

Kay & Burton pushed the auction date back twice due to the COVID-19 lockdown.

It had previously sold at $1.75 million in 2015.

The next highest reported apartment sale was $1.67 million in Sydney's Manly.

It was a two bedroom one bathroom offering at 7/91 West Esplanade, in the Tara complex.

The nation’s cheapest sale was auction eve when 7/119 Northumberland Rd, Pascoe Vale fetched $345,000.

Set on the first floor of the 1968 complex, the north facing one bedroom apartment had sold for $300,000 in 2011.

The 60 sqm apartment was sold by William Spyroe at Eview Group C+M Residential to a downsizer.





The long weekend national auction clearance rate saw 71 percent of the 344 apartments find buyers

jchancellor-FAypfDUnLy

National apartment auction clearance rate rises to 71 percent

If having a garden is important to you, then you'll love our latest display suite tour. As the name suggests, <a href="/buildings/sky-garden-235-springvale-road-glen-waverley" target="_blank">Sky Garden</a> is home to an impressive 4000 square metre garden podium with views spanning the city skyline.

Watch our video of Sky Garden:

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/ul7MDZTMcI4" title="YouTube video player" width="660"></iframe>

<h2>SKY GARDEN AT A GLANCE</h2>

Developer: <a href="/developers/golden-age-group" target="_blank">Golden Age Group</a>

Architects:&nbsp;<a href="/architects/rothelowman" target="_blank">Rothelowman</a>

Location:&nbsp;235 Springvale Road, Glen Waverley VIC 3150

[smartcode_project:default project_id=2881 project_image_fid=162982]

The amenities on offer at Sky Garden are extensive and carefully curated.

Wellness is a key focus, with a luxurious swimming pool, spa and sauna, bookable treatment rooms and a two level gymnasium. While lounge areas, mahjong rooms and an in-house cinema provide the perfect spaces to relax and socialise.

Outdoor zones are found throughout the development, with stunning views spanning the city skyline.

[smartcode_project:default project_id=2881 project_image_fid=148754]

Each Sky Garden living area prioritises the best views towards the city and Dandenong ranges. Interiors have been inspired by nature, with soft timber and stone, with floor-to-ceiling glazing letting in plenty of natural light.

All kitchens boast state-of-the-art fittings and bronze-tone tapware. Apartment bathrooms feature frameless showers and floating vanities.&nbsp;

[smartcode_project:default project_id=2881 project_image_fid=162984]

To learn more about the apartments available for sale, <a href="/buildings/sky-garden-235-springvale-road-glen-waverley" target="_blank">request a call from a Golden Age Group sales consultant</a> today via Urban.

[smartcode_project_cta: project_id=2881]

Olivia Round

Display Tour: Sky Garden by Golden Age Group in Glen Waverley, VIC

The Peak is the latest Melbourne CBD development from the property developing Auriton Group.

The $102 million building, rising 140 metres above La Trobe Street, has been a landmark addition to the city skyline since its completion in mid-2020 due top its strikingly thin design.

The Peak homes 177 apartments across its 43 levels, with just four apartments per floor, resulting in each apartment having a corner aspect.

Urban has taken a look at five reasons why The Peak should be on a buyer&#39;s shortlist.

[smartcode_project:default project_id=2905 project_image_fid=162748]

1. The Location

The Peak is located at 141 La Trobe Street, on the quieter north-eastern side of Melbourne just off Carlton Gardens.

Within short walking distance of The Peak is the State Library Victoria, one of Melbourne&#39;s most impress heritage-listed buildings.

The transport options&nbsp;are immediate, with bus and tram stops located at the foot of the building.

2. The Value Proposition

The Peak has been reasonably priced given its location and apartment prices of surrounding apartment developments.

Nearby developments are selling between 20 per cent and 40 per cent higher than The Peak.

[smartcode_project:default project_id=2905 project_image_fid=162746]

The Peak is also located just off Spring Street, one of Melbourne&#39;s premier apartment addresses.

3. The Stamp Duty Savings

The Victorian Government announced in the budget that all apartments&nbsp;within the City of Melbourne that had been built for 12 months or longer would see $0 stamp duty paid by buyers.

The concession only applies&nbsp;for apartments under $1 million.

The Peak just falls in to the category, having finished construction just over 12 months ago. The most expensive apartments remaining in The Peak are the two bedrooms which max out at $767,000 for the biggest floorplates.

[smartcode_project:default project_id=2905 project_image_fid=163853]

4. The Architecture

The Peak was designed by the national architecture firm&nbsp;Plus Architecture.

&quot;The design focus was to create the highest quality of luxury apartment living with an engaging eastern fa&ccedil;ade providing uninterrupted views to Carlton Gardens and beyond,&quot; Plus Architecture advise.

&quot;The Peak is located at the very heart of Melbourne and forms a dramatic pinnacle within the urban fabric of the city.

[smartcode_project:default project_id=2905 project_image_fid=163859]

&quot;The striking eastern fa&ccedil;ade, comprising triangular forms and abstract shapes, creates a signature building in this part of town.

&quot;With its striking jagged peak towering above, the edge to the glass tower forms a sharp triangular point, framing views over the city skyline and Carlton Gardens beyond.&quot;

5. The Investment Potential

Since The Peak has been completed, and despite the raft of COVID-19 induced lockdowns, landlords have continued to see a solid take-up in the apartments held by investors.

There&#39;s currently long terms tenants in The Peak, as well as short-term, those who are seeking to stay in the Carlton Gardens location for a slice of the price as surrounding developments.

The pool of owner-occupiers and tenants tend to be the young professional demographic, who want to stay away from Melbourne&#39;s busier areas but still want to be within walking distance to the action.

Auriton are also offering a rental guarantee for investor purchasers.

The Peak homes 177 apartments across its 43 levels, with just four apartments per floor, resulting in each apartment having a corner aspect

Five reasons The Peak in Melbourne should be on a buyer's shortlist

You couldn't get a more Melbourne address – situated between Collins and Flinders Streets, right in the heart of Melbourne.

Recently we took a tour of the recently completed <a href="/buildings/east-tower-melbourne-quarter-628-flinders-street-docklands">East Tower at Melbourne Quarter</a> to check out the stunning apartments and resort-style amenities available for residents.&nbsp;

Watch our video of East Tower at Melbourne Quarter:

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/I0HHrVmGBao" title="YouTube video player" width="660"></iframe>

<h2>MELBOURNE QUARTER AT A GLANCE</h2>

Developer:&nbsp;<a href="/developers/lendlease-development" target="_blank">Lendlease</a>

Architects:&nbsp;<a href="/architects/fk-australia" target="_blank">Fender Katsalidis</a>

Builder: <a href="/builders/lendlease-building" target="_blank">Lendlease</a>

Homes from:&nbsp;$458,000

Location:&nbsp;628 Flinders Street, Docklands VIC 3008

[smartcode_project:default project_id=3459 project_image_fid=147576]

East Tower is situated within the coveted ever-evolving community, Melbourne Quarter.&nbsp;

Featuring its own lush neighbourhood park, Melbourne Quarter revitalises the streetscape and provides an oasis for residents right in the heart of the city. And being located on Flinders Street in the Free Tram Zone and minutes from Melbourne’s key transport hub, Southern Cross Station – &nbsp;means you’ll have the unique opportunity to live, work and play, all within a 200-metre radius.&nbsp;

[smartcode_project:default project_id=3459 project_image_fid=157357]

The exclusive resident amenities are enviable – with the luxurious Club MQ akin to a lavish hotel. The resort-style facilities include a swimming pool complete with pool loungers, relaxing spa pools, a state-of-the-art 20 seat cinema for movie nights and even an opulent lobby with a convenient concierge service.&nbsp;

[smartcode_project:default project_id=3459 project_image_fid=147571]

Apartments feature European appliances, modern bathroom fittings and floor-to-ceiling glazing in each room, showcasing the city vistas. &nbsp;

A generous 50% of the precinct is dedicated to outdoor open space for residents, workers and visitors to enjoy upon completion. Residents at East Tower can now enjoy the newly opened Titree Park - located off Flinders Street with a sunny aspect and views towards the Melbourne CBD skyline.&nbsp;

[smartcode_project_cta: project_id=3459]

To learn more about the apartments available for sale, <a href="/buildings/east-tower-melbourne-quarter-628-flinders-street-docklands">request a call from a Lendlease sales consultant</a> via Urban today.

Display Tour: East Tower at Melbourne Quarter by Lendlease in Melbourne, VIC

The NSW Treasurer Dominic Perrottet has released a progress paper on the Government&rsquo;s property tax proposal for stamp duty reform.

The reform would see an optional longterm annual land tax paid by residential home buyers who opted out of the current one-off, upfront stamp duty obligation.

The paper notes feedback and submissions from the community and stakeholders received over the past six months.

The paper acknowledges there were &quot;mixed views regarding how the property tax could impact the ongoing affordability of property in NSW.&quot;

It noted some industry stakeholders and members of the community suggested that removing stamp duty would cause upward pressure on prices due to an increase in spending power.

But the paper relied on the McKell Instutute which suggested while the introduction of the property tax may place upward pressure on house prices in the short term, &quot;the reduction in stamp duty costs will still result in a net positive effect on housing affordability.&rdquo;

<a href="/developments/sydney-nsw?source_news_article_id=102661&amp;ref=news_body_link"><img alt="" height="800" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/sydney-cbd-_template_5.jpg" width="1200" /></a>

The paper advised several financial institutions and the Tax Institute provided feedback that the annual property tax would need to be considered in determining a borrower&rsquo;s capacity (&lsquo;loan serviceability&rsquo;) to repay 
any home loan.&nbsp;

Lenders would need to take property tax payments into account as part of their Household Expenditure Measure (HEM) when determining maximum lending limits, which the paper concluded would minimise the pricing impact of property reform on driving up bidding in auctions.&nbsp;

&quot;Any savings made by opting-in to property tax will therefore be unlikely to translate to an increase in property prices,&quot; it concluded.

The proposal was originally outlined in the November 2021 NSW budget.

The paper provides additional detail on the proposed reform, which would give prospective homeowners the choice to pay stamp duty or a small, annual property tax when they purchase their new home.

[smartcode_project:default project_id=32227 project_image_fid=93954]

Mr Perrottet said the NSW Treasury &ldquo;Have Your Say&rdquo; website received more than 23,800 visits with 3,544 surveys completed since the proposal was announced last November.&nbsp;

It also received 57 detailed submissions from industry stakeholders and 196 community submissions.

&ldquo;We are proposing a once in a generation reform to make home ownership more affordable and achievable, and the engagement and interest from across all segments of the community has been significant and heartening,&rdquo; Mr Perrottet said.

The key findings of the consultation period include:

&middot; &nbsp; &nbsp; &nbsp; &nbsp; A strong view that reform of the existing system is needed;

&middot; &nbsp; &nbsp; &nbsp; &nbsp; The proposal resonates strongly with first home buyers struggling to save for a deposit and also pay stamp duty;

&middot; &nbsp; &nbsp; &nbsp; &nbsp; Some stakeholders have concerns about how any reform could impact them;

&middot; &nbsp; &nbsp; &nbsp; &nbsp; The annual nature of the proposed tax raises uncertainty over potential rate increases over time;

&middot; &nbsp; &nbsp; &nbsp; &nbsp; The proposal would benefit people seeking greater mobility who would not be faced with significant transfer duties each time they purchase a property, and

&middot; &nbsp; &nbsp; &nbsp; &nbsp; The more people learn about the proposed reform the more comfortable and supportive of the proposal they became.

&ldquo;The first round of consultation and submissions showed 84 per cent of people believe stamp duty reform is needed and two thirds of the community said stamp duty was a significant barrier to home ownership,&rdquo; Mr Perrottet said

[smartcode_project:default project_id=7317 project_image_fid=79239]

&ldquo;Making changes to the property tax system is highly complex and we want to make sure we get this right.&quot;

The paper raised the prospect of a lower than advised rate for owner- occupied residential property, but higher for commercial and residential investment properties and unchanged for farmland.

Comments on the additional information presented in the paper can be sent to TaxReformTaskforce@treasury.nsw.gov.au by Friday 30 July 2021.

To read more, <a href="https://www.nsw.gov.au/initiative/property-tax-reform">click here</a>.

The reform proposal resonates strongly with first home buyers struggling to save for a deposit and also pay stamp duty, according to NSW Treasurer Dominic Perrottet

NSW stamp duty reform could prompt short term housing price rises: NSW Treasury

A 253 sqm Darlinghurst development site was the most viewed land/development auction listing on the realcommercial website in May.

The two terrace site is 93-95 Crown Street, Darlinghurst.

It comes with development approval offering a FSR: 3:1 with 22 metres height limit.

The approval for 16 self contained rooms and approx 210sqm of commercial space.

It is currently leased for $161,400 per annum.

<img alt="" height="887" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/crown_dev_plans.jpg" width="1200" />

The land/development category outperformed other categories on views per listing this month on realcommercial.com.au, recording 120% year-on-year growth and a 16% month-on-month increase.

At a national level, &lsquo;Buy&rsquo; searches on realcommercial.com.au are up 34% compared to the same time last year.

There is another Crown Street listing, occupied by City Gym at 107-113 Crown Street, which was listed for sale in March.

It has a land area of 768 sqm with a FSR 2.5 : 1 and height limit of 18 metres.

It is listed through Gunning RE and Colliers.

Crown Street, Darlinghurst site attracts boarding house developer attention

Sales of new homes bounced back 15 per cent higher in May compared with April, even without the HomeBuilder stimulus.

HIA Economist Tom Devitt noted the solid level of sales in April and May indicated ongoing demand for new detached homes.

&ldquo;New South Wales has driven the solid result of the last two months more than any other state,&quot; he said noting sales in April and May were 36.9 per cent higher in NSW than at the same time in 2019.

Comparing the last two months of April and May to the same months in 2019, New South Wales was followed by Western Australia (+26.0 per cent), Queensland, (+4 per cent), South Australia (-14.2 per cent) and Victoria (-16.1 per cent).

The data suggests a record year of housing construction in Australia is set to be even bigger than initially expected.

The Housing Industry Association now forecasts more than 143,700 new builds this year, up on its February prediction of 130,000 detached homes built in 2021.

The tally is set to be some 20 per cent higher than the 120,000 detached home construction record set in 2018.

Housing Industry Association economist Angela Lillicrap said the challenge for the industry was having sufficient supply of materials, labour and land.

The HomeBuilder scheme attracted 121,000 applications around the nation, 99,000 of them for new homes. It is also facilitated 22,000 renovations.

While applications closed off in March, the timeline to commence construction has been extended from six months to 18 months.

However, the HIA anticipates multi-unit projects will decline during 2021 due to closed international migration.

About 57,100 apartments, townhouses and units are expected to be built nationwide, reflecting a 17 per cent decline from 2020.

The HIA says the return of international migration will be needed to boost 2023 beyond its projected 93,500 new housing starts.

The industry has noted the federal government&rsquo;s 2021-2022 budget did not include any significant boosts for the new home sector.

Sales of new homes were up 15 per cent higher in May compared with April, even without the HomeBuilder stimulus

May sees new home sales jump as record housing construction year seems likely: HIA

Bide is a new residential offering nestled in the heart of Newstead, offering 89 residences.

Developed by Dibcorp Properties, these functional apartments are designed as an urban seclusion hidden away in Brisbane.

[smartcode_project:default project_id=102309 project_image_fid=163979]

Situated just three kilometres from the CBD, Newstead has established itself as one of Brisbane&rsquo;s most sought-after suburbs.

The dynamic suburb offers residents every amenity, with lifestyle, commercial and entertainment hubs within walking distance.

[smartcode_project:default project_id=102309 project_image_fid=163975]

Designed in collaboration between architects Twohill &amp; James, Lat27 and Wiltshire Stevens Architecture, each apartment has rethought residential living.

&ldquo;Bide embodies the belief that the spaces we inhabit are essential to a balanced life&rdquo;, the project marketing reads.

[smartcode_project:default project_id=102309 project_image_fid=163974]

The development&rsquo;s design is centred around the wellness of its residents with careful consideration on how the space can complement their lives.

In fact, residents can work directly with the developer to tailor the layout, configuration and finishes to their style.

Among its features include large spacious apartments, open-plan living and dining, balcony space and a study nook in some apartments for working from home.

[smartcode_project:default project_id=102309 project_image_fid=163978]

Residents can also enjoy 600sqm of amenity across two levels, including barbeque facilities, private cabanas, landscaped areas and seated space throughout.

The three-bedroom, two-bathroom homes are available from $950,000.

Bide is expected to reach completion in early 2023.

[smartcode_project_cta: project_id=102309]

Bide is a new residential offering nestled in the heart of Newstead, with a unique approach where residents can work directly with the developer to tailor the layout, configuration and finishes to their style.

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