ASX-listed developer <a href="https://www.apartments.com.au/developers/stockland">Stockland</a>&nbsp;is continuing its push back into the new apartment market, filing plans for a prominent gateway site between Collingwood and East Melbourne.

The development giant, which moved back into the new apartment space when it announced Stanton Place in Sydney's Rosebery and have since filed plans for a 50-storey tower, are jumping into the off the plan Melbourne market.

They are hoping to create a mixed-use neighbourhood precinct for <a href="https://www.apartments.com.au/new-apartments/79-81-victoria-parade-collingwood-vic-3066">79-81 Victoria Parade</a>, replacing an existing commercial building with a scheme by <a href="https://www.apartments.com.au/architects/john-wardle-architects">Wardle</a>&nbsp;for 478 apartments,&nbsp;ground-floor retail, new public open spaces and a publicly accessible pedestrian laneway.

<img alt="First look: Stockland plans new mixed-use neighbourhood precinct for Collingwood gateway site" data-entity-type="file" data-entity-uuid="72dbbca9-3918-4073-afad-a0c0c35be8e7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/stockland%20pers.png?VersionId=bzMVUKKxvwuNK1m0v_td126Rgct32uk_" />

The design report identifies the public realm as a central driver of the proposal.

"Collingwood has limited access to high-quality parks and public open space, and the proposal delivers valuable new areas for respite, social interaction and fine-grain retail activity."

The development would deliver a diverse mix of housing, including studio, one, two and three-bedroom apartments alongside townhouse-style residences. Two basement levels are proposed beneath the development, providing resident and retail parking as well as extensive bicycle facilities.

Wardle's design draws heavily on Collingwood's industrial character, using articulated building forms, brickwork and robust materials inspired by the suburb's warehouse and manufacturing heritage. The built form has been broken into a series of smaller volumes to better respond to the surrounding streetscape while extensive communal gardens, rooftop amenities and shared resident spaces are integrated throughout the project.

<img alt="First look: Stockland plans new mixed-use neighbourhood precinct for Collingwood gateway site" data-entity-type="file" data-entity-uuid="7b2135ed-65df-4253-ad53-f216f06bd467" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/stockland%20podium.png?VersionId=l1B6Hqn8zs772VxH6L1fDPg0KHshan9v" />

The planning documents describe the existing office building as offering little engagement with the public realm, with the redevelopment intended to create a more permeable and active neighbourhood destination.

"The proposed scheme presents a significant opportunity to deliver a vibrant retail plaza and a local neighbourhood hub serving both existing and future Collingwood residents."

The 79–81 Victoria Parade site occupies a strategic location about 1.5 kilometres east of Melbourne's CBD, at the threshold between Collingwood and East Melbourne. It is well served by tram services along Victoria Parade and sits within walking distance of St Vincent's Hospital, Fitzroy Gardens, the Fitzroy activity centre and a broad range of employment, retail and hospitality destinations.

Joel Robinson

Stockland plans new mixed-use neighbourhood precinct for Collingwood gateway site

An 1880s timber cottage that has survived Kangaroo Point's transformation from riverside suburb to high-density apartment precinct is set to become the centrepiece of <a href="https://www.apartments.com.au/developers/zephyr">Zephyr Group</a>'s proposed Banksia development.

Rather than see the locally heritage-listed Alpha Cottage as an obstacle to navigate, plans integrate the landmark home into a new 18-storey residential tower, giving one of the suburb's oldest surviving residences a new role as the project's communal hub.

The development application covers a 1,177 sqm amalgamated site at 127-133 Lambert Street and 30 Shafston Avenue, where Zephyr Group plans to deliver 64 apartments above three basement levels. Designed by <a href="https://www.apartments.com.au/architects/joe-adsett-architects">Joe Adsett Architects</a>, the proposal carefully weaves the retained heritage cottage into a contemporary residential scheme, with the tower elevated above the historic building to preserve its presence within the Lambert Street streetscape.

<img alt="First look: Zephyr Group's Banksia to wrap new Kangaroo Point tower around 1880s Alpha Cottage" data-entity-type="file" data-entity-uuid="f9dc5bdb-d691-4c60-bf2b-c3ed405a3e75" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Banksia.png?VersionId=Jh4bjlewU.o8HXWt0V4KaFA_lPcF7KWM" />

Named after the native Australian Banksia flower, the project draws inspiration from its distinctive form through curved balconies, sculpted planter boxes and cascading subtropical landscaping that soften the building's profile.

As the design report explains: "The tower's identity is defined by its feature facade, drawing direct inspiration from the Banksia wildflower. The building departs from traditional rigidity through the use of elegant, GRC-moulded planter boxes that appear as if shaped by the breeze."

Plans propose 64 apartments, comprising 32 two-bedroom and 32 three-bedroom residences, across an 18-storey tower. Residents would have access to rooftop amenities including a swimming pool, spa, gym, sauna, private cinema, dining spaces and landscaped recreation areas, while more than half the site is dedicated to planting and open space.

<img alt="First look: Zephyr Group's Banksia to wrap new Kangaroo Point tower around 1880s Alpha Cottage" data-entity-type="file" data-entity-uuid="16041b5f-033e-47fa-8fbe-9886e072c1f2" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pool.png?VersionId=kpx5w4EbLx0_TdWfDoD1vrSs0_cZ5Ao1" />

The heritage component is the defining feature of the proposal. Constructed in the early 1880s and occupied from at least 1883, Alpha Cottage is recognised by Brisbane City Council as an important surviving example of Kangaroo Point's nineteenth-century residential development and as a representative transverse-gable timber cottage. Despite extensive redevelopment across the peninsula, the building has retained a high degree of its original form and internal fabric.

As part of the redevelopment, the cottage will be carefully relocated a short distance within its original allotment to facilitate construction before being returned to a prominent position along Lambert Street. Original verandah elements will be dismantled, catalogued and reinstated, while significant internal features, including timber flooring, wall linings, joinery, doors, windows and hardware, will be retained. Later additions, including the enclosed rear verandah, will be removed to better reveal the building's original form.

Once restored, Alpha Cottage will accommodate the building manager's office, mail room and parcel facilities, providing an active everyday use that supports its long-term conservation rather than preserving it as a static display. The heritage strategy also maintains landscaped space around the building, allowing it to remain visually distinct beneath the new tower.

<img alt="First look: Zephyr Group's Banksia to wrap new Kangaroo Point tower around 1880s Alpha Cottage" data-entity-type="file" data-entity-uuid="43b027e1-576e-4624-a66c-7cc54ea8b7be" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/banksia%20tower.png?VersionId=2W6E2yfkj2AQlWlLeV986grA5zB9f817" />

The Heritage Impact Assessment concludes that "the proposal secures the ongoing occupation, maintenance and conservation of Alpha Cottage," finding the development would result in "no more than a minor impact on the cultural heritage significance" of the building while ensuring its long-term future.

Joe Adsett Architects have designed the tower to sit above the heritage building rather than overwhelm it, creating a clear visual separation between old and new. The development's flowing balconies, integrated planting and organic façade respond to Brisbane's subtropical climate while complementing the restored cottage below.

Banksia occupies a prominent corner in Kangaroo Point within walking distance of the Kangaroo Point Bridge, Brisbane River, ferry services, QUT, the CBD and the Woolloongabba precinct. The site also benefits from direct access to active transport infrastructure and sits within an area earmarked for continued higher-density residential growth.

Zephyr Group's Banksia to wrap new Kangaroo Point tower around 1880s Alpha Cottage

Buying into a masterplanned community often means committing to a vision still years from taking shape. At <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a>, that vision is already visible.

Residents have moved into the completed first stage, landscaped spaces are established, and the next chapter is now underway. Stage 1 has been completed and settled, with Stage 2 now selling off-the-plan.

Designed by <a href="https://www.apartments.com.au/architects/pbd-architects">PBD Architects</a>, <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> combines attainable apartment living with sustainability initiatives rarely seen at this price point, including rooftop solar, battery storage and a resident EV-sharing program.

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Located on Schofi​elds Road, just moments from Tal​lawong Metro Station and Schof​ields Train Station, <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> has been designed to appeal to a broad mix of buyers, from first-home purchasers looking for a foothold in Sy​dney's property market to downsizers seeking a connected, low-maintenance lifestyle.

<a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> has been conceived as a thoughtfully planned masterplanned community that will evolve over multiple stages, with buyers now able to secure one, two and three-bedroom apartments within a neighbourhood that is already beginning to establish its identity.

One of the project's defining features is its focus on sustainability. Solar energy systems, battery storage and future EV charging infrastructure have been incorporated throughout the development, reflecting a long-term approach to both environmental performance and everyday convenience.

Sustainability sits at the centre of the development's vision, with solar energy systems, battery storage and future EV charging infrastructure integrated throughout the community.

That emphasis on future-ready living extends beyond the technology. Landscaped communal gardens, outdoor gathering spaces and plans for a future retail precinct aim to create a neighbourhood where residents can access daily conveniences without travelling far from home.

[smartcode_project:default project_id=149637 project_image_fid=351027]

The apartments themselves have been designed with liveability front of mind. Rather than chasing maximum density, the focus has been placed on creating practical homes with generous natural light, usable layouts and strong connections to outdoor space.

Importantly, these design principles have been applied consistently across the one, two and three-bedroom apartment offerings.

The appeal of <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> is also closely linked to its location within Syd​ney's rapidly evolving north-west growth corridor. Over the past decade, major infrastructure investment has transformed the area, with new transport links, business precincts and community facilities reshaping suburbs like Talla​wong and Schofiel​ds.

The agent says buyers are increasingly recognising the area's long-term potential.

"Typical buyers that we're finding across <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> especially are your first-home buyers, your investors, your upsizers as well as your downsizers," Hawes says.

Connectivity remains one of the project's strongest drawcards. Residents have access to both Tallaw​ong Metro Station and Schofi​elds Train Station, providing links to the Sydn​ey CBD, Norw​est Business Park, Macquari​e Park and other major employment hubs. Retail centres including Rous​e Hill Town Centre and Sch​ofields Village are also nearby, alongside schools, parks and future healthcare infrastructure.

[smartcode_project:default project_id=149637 project_image_fid=351031]

For Stage 1 resident Roji, it is the balance between convenience and comfort that has defined the experience of living at Kew.

"For me, it's a balance of quality and convenience," she says. "Everything I need is right here."

"If I wanted to catch the train, Scho​fields Station is just around the corner. Tallaw​ong Metro connects me to the city."

More importantly, she says, the development has delivered something that cannot be measured in floorplans or specifications.

"<a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> feels like home."

[smartcode_project:default project_id=149637 project_image_fid=351024]

As Stage 2 enters the market, that lived experience may be one of the project's strongest selling points. Buyers are not purchasing into an untested concept or a future promise. They are joining a community that is already taking shape.

Ongoing investment in transport, retail, healthcare and public open space continues to strengthen the appeal of Syd​ney's north-west growth corridor, while <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a>'s established first stage provides buyers with a tangible sense of the community's future direction.

For a limited time, buyer can secure a new home at <a href="https://www.apartments.com.au/new-apartments/kew-tallawong-23-27-schofields-road-tallawong-nsw-2762">Kew Tallawong</a> with just a $10,000.

[smartcode_project_cta:default project_id=149637]

Kew Tallawong: A growing community taking shape in Sydney's north-west

<a href="https://www.apartments.com.au/developers/freecity">Freecity</a> has received development approval for its 51-storey mixed-use tower at 153-157 Walker Street, North Sydney, set to be one of the tallest mixed-use residential-led buildings in one of Sydney’s most sought-after commercial and residential addresses.

Lodged as a State Significant Development Application (SSDA) through the Housing Delivery Authority (HDA) pathway and approved by the NSW Department of Planning, Housing and Infrastructure following a comprehensive public exhibition and submissions process, <a href="https://www.apartments.com.au/new-apartments/153-walker-street-north-sydney-nsw-2060">the project</a> will deliver 296 apartments, alongside a 170-room, luxury hotel, activated retail and significant public domain improvements.

Situated just 200 metres from Victoria Cross Metro Station, on one of the largest developable sites in North Sydney, the development will rise to 234 metres, making it one of the tallest buildings in the suburb. With an end value of approximately $1.5 billion, the project responds directly to the NSW Government’s mandate to accelerate housing delivery in well-located, transit-connected areas.

<img alt="Freecity gets green light for mixed-use residential and hotel tower in North Sydney" data-entity-type="file" data-entity-uuid="192ec455-94bf-4e01-83ef-922b1b269d67" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Freecity%20-%20Walker%20Street%20North%20Sydney%201%20RESIZED%20.jpg?VersionId=Bzqp0SBHCDvLAHjA4QXkjuGoOEIh73Jl" />

The apartment mix will cater to a broad range of buyers, with 65 studio and one-bedroom apartments, 139 two-bedroom residences, 35 three-bedroom apartments, 48 four-bedroom homes, and nine penthouses. Residents will have access to a dedicated amenity level on Level 33, featuring a swimming pool with views towards the Harbour Bridge, Sydney Opera House and North Sydney CBD, as well as a gym, library, shared kitchen, lounge and outdoor entertaining areas.

The hotel will occupy the lower six levels of the building and include meeting and function spaces, a wellness centre with gym, yoga studio, swimming pool and sauna, further strengthening North Sydney's growing hospitality offering.

At ground level, the development has been designed to improve pedestrian connections through the precinct. More than 700 sqm of retail space will activate the street frontage, while a landscaped through-site link connecting Walker Street, Little Walker Street and Doris Fitton Park will provide new public open space with seating, paving and extensive native landscaping.

Freecity Group Co-Founder and Joint CEO Tony Sun said the project represents one of the most significant development opportunities currently available in North Sydney.

"This is one of the most significant development sites in North Sydney and it comes at a pivotal moment for the precinct," Sun said.

"North Sydney is undergoing a genuine transformation, and this project will contribute housing the city urgently needs while creating a landmark destination."

Executive Director of Development Michael Romano said demand for both residential and hotel accommodation would continue to strengthen as the Metro precinct matures.

"The structural demand for high-quality housing and hotel accommodation in North Sydney is compelling, and will only grow as the precinct continues to evolve around the new Metro station," Romano said.

Architectus has designed the tower, orientating the apartments to maximise views towards Sydney Harbour while introducing a sculpted façade intended to respond to light, wind and the surrounding skyline.

Architectus Principal Marko Damic said the design sought to create a tower that contributes to the public realm as much as the skyline.

"We wanted to design a tower that doesn't just sit in the skyline but actively participates and contributes to city life," Damic said.

First look: Freecity gets green light for mixed-use apartment and hotel tower in North Sydney

<a href="https://www.apartments.com.au/developers/abadeen">Abadeen</a> and <a href="https://www.apartments.com.au/developers/perifa">PERIFA</a> have celebrated the topping out of <a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf,</a> marking a significant milestone in the delivery of one of Syd​ney's most anticipated waterfront communities.

Located on Sydney's harbourfront at <a href="https://www.apartments.com.au/developments/putney-nsw-2112">Putney</a>, the project has now reached its highest structural point, with construction progressing strongly towards completion in 2027. 
&nbsp; 
The milestone was celebrated on-site with project partners Phoenix Property Investors, Mitsubishi Estate Asia, Versatile Construction, <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, consultants and stakeholders, to recognise the collective effort behind the transformation of the historic waterfront site into a vibrant new residential, marina and lifestyle destination.

[smartcode_project:default project_id=13962 project_image_fid=362240] 
&nbsp; 
<a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> will deliver a mix of waterfront residences and terraces, complemented by a private 36-berth marina, waterfront dining opportunities and a revitalised foreshore designed to reconnect the community with the river's edge. 
&nbsp; 
Abadeen Executive Chairman and Founder Justin Brown said the project represented a rare opportunity to create the next chapter in Sydn​ey's long history of successful waterfront precincts. 
&nbsp; 
"Throughout Sydney, some of the city's most sought-after addresses have emerged from carefully considered waterfront precincts such as Woolloom​ooloo Wharf, Walsh Bay and Breakfast Point," Brown said.

[smartcode_project:default project_id=13962 project_image_fid=362566] 
&nbsp; 
"What makes these places so successful is that they become much more than residential developments," Brown said.

"They bring together homes, hospitality, marina facilities, public spaces and a strong sense of community in locations where future supply is incredibly limited."

Brown has long described absolute waterfront land in Sy​dney as "finite."

"Once these opportunities are developed, they are rarely replicated. That's why Syd​ney's waterfront precincts have consistently demonstrated strong demand and long-term value growth over many decades. 
&nbsp; 
"<a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> is one of the few remaining opportunities to secure a residence within a masterplanned waterfront community that combines direct water access, marina ownership opportunities and a genuine village lifestyle just moments from the Sy​dney CBD."

[smartcode_project:default project_id=13962 project_image_fid=362564] 
&nbsp; 
PERIFA Founder and Managing Director Fabrizio Perilli said the project reflected a shared commitment to delivering exceptional places that create long-term value for residents and the broader community. 
&nbsp; 
"The topping out milestone is a significant achievement for the Versatile Group and a testament to the collaboration between all project partners, consultants and contractors involved," Perilli said. 
&nbsp; 
"Beyond the residences themselves, <a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> will establish a new waterfront destination that celebrates the history, character and lifestyle of this unique location while creating a lasting legacy for future generations."

[smartcode_project:default project_id=13962 project_image_fid=291195] 
&nbsp; 
Construction is being delivered by <a href="https://www.apartments.com.au/builders/versatile">Versatile Construction</a>, with structural works now substantially complete across the precinct. Attention will progressively shift to the construction of the waterview terraces, apartment façades, services and interior fit-out works over the coming months. 
&nbsp; 
With limited residences and marina berths remaining, <a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> continues to attract strong interest from owner occupiers and downsizers seeking a premium waterfront lifestyle within close proximity to Putne​y Village, Rh​odes, Top Ry​de and the Syd​ney CBD. 
&nbsp; 
As one of the last opportunities to secure a residence within a new masterplanned waterfront community on Sy​dney Harbour, <a href="https://www.apartments.com.au/new-apartments/putney-wharf-harbourfront-precinct-20-waterview-street-putney-nsw-2112">Putney Wharf</a> is expected to remain a highly sought-after address for years to come.

[smartcode_project_cta:default project_id=13962]

Abadeen, PERIFA, top out Putney Wharf harbourfront precinct

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?

Bensons Property Group&rsquo;s Gold Coast landmark development, Chevron One, is set to become the first luxury tower on Chevron Island.

The tower will rise above the new arts and cultural precinct and deliver 236 one, two and three-bedroom apartments designed by international architects Marchese Partners.

&nbsp;

[smartcode_project:default project_id=6515 project_image_fid=167321]

Organic architecture envelops the residence, with the geometry of the balconies creating a dynamic fa&ccedil;ade.

&ldquo;Chevron One&rsquo;s organic sculptural form is inspired by the iconic Gold Coast symbols of the sun, beach and ocean&rdquo;, said Marchese Partners chairman Eugene Marchese.

&nbsp;

[smartcode_project:default project_id=6515 project_image_fid=167320]

The luxury project boasts exceptional interiors, with high-quality finishes, intuitive spaces and spectacular views.

Open plan living spaces and an abundance of natural light showcase the refined elegance of each apartment.

<blockquote>
&ldquo;Chevron One features generous, sweeping balconies that offer expansive views of Surfers Paradise, the hinterland, the river, sandy beaches and the ocean&rdquo; 
Bensons Property Group
</blockquote>

Celebrated chef Shannon Bennett, best known as the head chef of Vuedemonde at Melbourne&#39;s Rialto Tower, has designed the apartment&rsquo;s kitchen.

The functional &ldquo;heart of the home&rdquo; boasts Miele appliances, engineered stone, modern tapware and feature accents that blend with the apartment&rsquo;s design scheme.

Bathrooms are designed to feature semi-frameless glass, wall-mounted vanities and sleek cabinetry illuminated by ambient lighting.

[smartcode_project:default project_id=6515 project_image_fid=68840]

Textured wood-grain cabinetry is also featured in the ensuite of the master bedroom while neutral walls and plush carpets provide opportunities for residents to add their own sense of style.

Residents at Chevron One will enjoy exclusive resort-style amenities of Club One Residents Club, with an area spanning over 1,200 sqm.

&nbsp;

[smartcode_project:default project_id=6515 project_image_fid=68839]

Amenities include a concierge service, a number of swimming pools, a gymnasium, library, residents&rsquo; lounge and dining space, as well as a yoga and sculpture garden.

The outdoor pool and spa also connect to an alfresco barbecue and Teppanyaki dining area, as well as an outdoor cinema.

Two-bedroom apartments in the project begin from just $705,000, with three bedroom apartments priced from $1,175,000. Chevron One is expected to be completed in mid-2023.

[smartcode_project_cta: project_id=6515]

The luxury project boasts exceptional interiors, with high-quality finishes, intuitive spaces and spectacular views

max.kwok_55688

Inside the apartments in Chevron One on the Gold Coast

Sierra Residences is among the newest residential developments finding roots in Sydney&rsquo;s north-western suburb of Kellyville.

Delivered by Metro Property Development, Sierra boasts a boutique collection of 51 house and land sites&nbsp;with prestige inclusions.

Situated in an area of booming growth, residents can enjoy natural bushland, local parks, village hubs and major retail centres, positioned between Rouse Hill and Castle Hill.

[smartcode_project:default project_id=94621 project_image_fid=155474]

&ldquo;[Sierra] presents the perfect family address, enjoying excellent amenities and connectivity&rdquo;, the project marketing reads.

Designed to suit a variety of lifestyle needs, 11 architecturally designed freestanding residences are included within the residential development.

The four-bedroom, two-bathroom residences include high-quality kitchen finishes, such as engineered stone benchtops and stainless steel Miele appliances.

[smartcode_project:default project_id=94621 project_image_fid=155478]

Among its other features include built-in robes, ducted air conditioning, low-maintenance gardens and modern chrome hardware.

Set amongst beautiful streetscapes, many Sierra homes also enjoy Blue Mountains views.

Kellyville is the ideal Sydney suburbs for young families, with nearby schools including Ironbark Ridge Public School, which offers opportunity classes (OC).

[smartcode_project:default project_id=94621 project_image_fid=155473]

Sierra Residences is located a brief four-minute drive to the Kellyville Station, well-serviced by metro trains that connect to Macquarie Park, Chatswood and soon the new inner-city line.

Families can enjoy living in close proximity to Kellyville Park&rsquo;s sporting complexes, Castle Hill Country Club, the historic Bella Vista Farm and Castle Towers.

The freestanding homes are listed from $1,125,000.

Delivered by Metro Property Development, Sierra Residences boasts a boutique collection of 51 house and land sites with prestige inclusions

Sierra Residences, the brand-new four-bedroom homes coming to Sydney’s north-west

FORME is yet another&nbsp;project from Mirvac&nbsp;putting convenience and quality living at your fingertips, all&nbsp;in a thoughtful master-planned development.

Set over 47 hectares, the Tullamore community itself is defined by&nbsp;lush landscaping, open parklands and walking trails.

Located&nbsp;in Melbourne&#39;s Doncaster, FORME comprises&nbsp;the final boutique apartments in the Tullamore masterplan&nbsp;

The prestigious&nbsp;collection of luxurious residences are inspired by nature, with garden spaces by award-winning landscape designer Paul Bangay.

With so much on offer Urban limited ourselves to just 10 things we&nbsp;love about FORME:

[smartcode_project:default project_id=100322 project_image_fid=163038]

1. Developed and Designed by Mirvac

Mirvac&nbsp;is one of Australia&#39;s leading, diversified property groups shaping and creating developments across Australia.

They take a full-body approach to new developments with the majority of their projects - including this one - also designed by their in-house team.

2. Mirvac&#39;s Award Winning Reputation

But with over 49 years of architecture experience they don&#39;t stop at shaping just buildings&nbsp;Mirvac&nbsp;is really about building a community, with their latest Doncaster project being Tullamore.

Really an all-in-one package they also take responsibility for the construction of their projects ensuring a quality standard you can be assured by.

[smartcode_project:default project_id=100322 project_image_fid=163030]

3. Environmentally Friendly Development

Mirvac is&nbsp;a leading influence amongst developers paving&nbsp;the transition towards renewable and sustainable residential projects with a target to become net carbon positive by 2030.

FORME&nbsp;is an example of the care they put forward as the group&rsquo;s Tullamore master-planned community in Doncaster achieved the highest environmental certification in Australia, a six-leaf EnviroDevelopment accreditation due to its numerous green features.

The select prestige apartments will&nbsp;feature world-leading solar technology, as part of Mirvac&rsquo;s unique partnership with Melbourne-based start-up Allume Energy.

4. Landscape Design by Acclaimed Landscape Designer Paul Bangay

The exclusive collection of luxurious residences are inspired by nature, with stunning garden spaces by award-winning landscape designer Paul Bangay.

The unique landscape design was inspired by FORME&#39;s elegant curves, a modern twist to the splendour of a formal country garden. Through a considered blend of fragrant, ornamental, and seasonal plantings residents will enjoy a beautiful living experience year-round.

[smartcode_project:default project_id=100322 project_image_fid=163037]

5. Tullamore Master-Planned Community is at Your Fingertips

Mirvac&#39;s Doncaster&nbsp;masterplan at Tullamore is&nbsp;a community comprising of five distinct stages,&nbsp;The&nbsp;Apartments of Tullamore, The Stables, The Club, The Reserve and The Grange.

Tullamore is extremely walkable with over 25% of the site dedicated to green space and trails.

6. Plenty of Amenities, Parks and Places to Picnic&nbsp;on Offer

FORME&nbsp;residents will have access to the world-class amenities at Tullamore, with Stables Provedore Caf&eacute;, formerly a stable for prized racehorses,&nbsp;on their doorstep and a few minutes from the Next-Gen Health &amp; Lifestyle Club.

The recently completed&nbsp;Next-Gen Health &amp; Lifestyle Club is a&nbsp;multi-million-dollar state-of-the-art health and lifestyle club,&nbsp;the first&nbsp;Next Gen club in Victoria,&nbsp;set to become one of the group&rsquo;s flagship locations in Australia.

Everyone in the community&nbsp;benefit from three parks and play spaces, purpose-built for different ages.

[smartcode_project:default project_id=100322 project_image_fid=163026]

7. Extremely Walkable and Convenient

Find yourself at Westfield Doncaster, the North-East&#39;s premier retail and entertainment precinct featuring over 400 stores, cafes, restaurants, cinemas, department stores, supermarkets and fresh food markets.

On site, the future highly anticipated Next Gen Health and Lifestyle Club will keep you active and motivated right at your front doorstep.

Or if exercise in nature appeals to you more,&nbsp;parks in Tullamore will include a fitness trail and fitness stations to invigorate the lives of local residents while play equipment, shelters bench seats and informal gathering spaces deliver the environment to play, meet and relax.

Leave the car at home and take the bus just down the road straight to city.

8. Luxurious Residences

FORME&#39;s limited collection of luxurious residences seamlessly blends warm timber, elegant fittings and stone accents to create timeless interiors&nbsp;that extend to outdoor spaces visible from a balcony, perfect for alfresco dining year-round.

The structure features organic architectural forms, with rich textures and quality materials found throughout the building.

The exclusive collection of luxurious residences are inspired by nature, with stunning garden spaces by award-winning landscape designer Paul Bangay.

[smartcode_project:default project_id=100322 project_image_fid=163029]

9. Grand Welcoming Aura

Upon arrival, residents are welcomed home to a green oasis with stunning water feature and a meandering stone path leading to an opulent towering glass foyer. Within the foyer, a striking sculptural artwork created by acclaimed artist Anna-Wili Highfield captures the light which streams through the vast glazed void.&nbsp;

The structure features organic architectural forms, with rich textures and quality materials found throughout the building.

10. Location Location Location&nbsp;

Numerous private and public schools are found in and around Doncaster. From kindergarten to tertiary education, excellent transport connections further increase your options.&nbsp;Doncaster Road, Eastlink and the Eastern Freeway provide bus services to key destinations such as the University of Melbourne and Deakin University. Regardless of the age or life stage, excellent education options are always nearby at Tullamore.

On site, the&nbsp;Next Gen Health and Lifestyle Club will keep you active and motivated right at your front doorstep.

Be one of the fortunate few to secure a luxury residence at&nbsp;FORME&nbsp;by&nbsp;Mirvac.

Don&#39;t delay,&nbsp;<a href="/buildings/forme-57-stables-circuit-doncaster">enquire today via Urban</a>.

[smartcode_project_cta: project_id=100322]

Tullamore is defined by 47 hectares of lush landscaping, open parklands and walking trails as well as convenient community amenities, many of which are just a stroll away from FORME itself

jordan_55689

10 things we love about Mirvac's FORME apartments at Tullamore

The annual Vinnies CEO Sleepout has raised over $8 million, the updated tally coming on Friday morning after the long night to raise funds and awareness of homelessness.

About 1650 executives slept rough in sleeping bags as part of the campaign, which Vinnies launched 16 years ago. There were some 43,500 supporters who made donations.

It&rsquo;s Vinnies biggest annual fund raiser to assist the homeless with accommodation and food, and also for education, counselling, employment and health services.

Last year the COVID-19-impacted Vinnies CEO Sleepout raised $5.7 million.&nbsp;

The latest tally showed Vedran Drakulic, the CEO at Gandel Philanthropy in Victoria had raised over $167,000 in pledges, putting him in the nation&rsquo;s top spot in his seventh sleepout.

CEOs and directors in the property, banking, mortgage, legal, architecture, town planning and finance industries spent the night without shelter in the national sleepout to raise funds for St Vincent De Paul Society&rsquo;s (Vinnies) homelessness services.

They included Nick Georgalis, managing director at Geocon Group in Canberra, who raised over $60,000 in his first sleep out, with the temperature feeling like minus 0.7 degrees according to the weather reports.

Simon Betteridge, managing director at the Queensland development company, Gardner Vaughan Group, was also on his first sleepout.

John Richardson, managing director at Kenfrost Homes in Queensland, also participating for the first time, raised over $50,000 in donations.

Colin Hughes, the CEO at On Point Development Group, was among the 215 who slept out on the Gold Coast.

Dean Keating led the team from Wellam Constructions in Melbourne.&nbsp;

Victor Said, chairman at Rivergum Homes Group in Adelaide, took part in his third sleepout.

Estate agent Alex Ouwens at Ouwens Casserly Real Estate slept out in Adelaide.

Andrew Bell at Ray White Surfers Paradise secure donor support from the boss of REA Owen Wilson. Vivien Yap at Ray White Dalkeith Claremont slept out in Perth, with donations from members of the White family.

Nick Dowling, the CEO at Jellis Craig Group, slept out in Victoria, along with Alec Blacklaw, general manager at Greg Hocking Holdsworth.&nbsp;

John Piccolo, the CEO at Woodards Group in Victoria, secured donations from other estate agents including Jonathan Dixon Brighton.

Sydney buyers&#39; agent Rich Harvey was back for his ninth sleepout, this time at at the White Bay Cruise Terminal.

Brad Cramb and David Hyman at Lendi Group participated with the team raising over $36,000.

Dr David Gruen, Australian Statistician, and his daughter Emma, participated enduring a cold Canberra night at the National Arboretum.&nbsp;

&ldquo;I&rsquo;m proud to participate in the Vinnies CEO Sleepout for the fourth time. It&rsquo;s my opportunity to help get Australians talking about homelessness and raise awareness of the experiences of some of the most vulnerable people in our community,&rdquo; Dr Gruen said.

Data from the 2016 Census showed 1 in 200 people in Australia are experiencing homelessness, or around 116,400 people across the country. On Census night, 8,200 people were estimated to be &lsquo;sleeping rough&rsquo; in improvised dwellings, tents or sleeping out, up from 6,810 people in 2011.

Dr Gruen&#39;s donors included the federal treasurer Josh Frydenberg.

The Vinnies CEO Sleepout Perth event will be held on 24 June 2021.

Those wishing to support the sleepout can donate via ceosleepout.org.au or pre-register for 2022.

The 16th annual Vinnies CEO Sleepout took place last night across the country as leaders in business, community and government slept without shelter to help raise money and awareness of homelessness

jchancellor-FAypfDUnLy

Property industry leaders support Vinnies CEO Sleepout

One of the stand-out features of the past year has been the large increase in household saving, Dr Philip Lowe, the RBA governor advised in a speech today.

He noted that last June the saving rate spiked to 22 per cent, the highest level on record.

"This increase in saving reflected the combination of: the boost to incomes from government support; the limited opportunities to spend; and households feeling uncertain about the future," he said.

While the saving rate has since declined as restrictions have been eased, it remains high by historical standards, Dr Lowe added. 

"The fact that households have saved more means that, in aggregate, household balance sheets are in better shape than they were previously."

He added household balance sheets have also been affected by the recent rise in housing prices. 

"This rise has been a nationwide development, but was first seen in parts of regional Australia, with price gains in many areas outstripping those in the capital cities.

"Global factors, including low interest rates, have played a role here. 

"But there has also been strong demand for properties in regional Australia due to people moving out of the capital cities and fewer people leaving regional areas during the pandemic. 

"The effects of this are evident not just in prices but in rental markets too, with rents rising quickly in many regional centres."

Dr Lowe said he would be watching how households respond to these changes in their balance sheets as it will shape the next stage of the recovery. 

"If households were to run down their additional savings quickly or if higher housing prices spurred more spending than usual, a stronger economic path than the one we have envisaged could eventuate. 

"On the other hand, it is possible that households sit on these extra savings for a long time and restrain their spending because of uncertainty about the future.

"If so, this would slow the recovery. So this is an issue we are watching carefully."

It was also noting that the rise in housing prices was encouraging more housing construction. 

"The challenge here is to make sure that planning processes are sufficiently flexible to allow the supply side of the market to respond to the extra demand; regional centres should be better placed on this front than capital cities, although this is not always the case. 

"A related challenge is to find the workers to build the new housing in regional Australia."

The RBA has also been paying close attention to is the increase in household borrowing. 

"The RBA does not, and should not, target housing prices," he reaffirmed.

"We do though have a strong interest in trends in household borrowing, especially given the already high level of household debt in Australia.

"It is important that lending standards remain sound in an environment of low interest rates and rising housing prices. 

"At its meeting last week, the Council of Financial Regulators also discussed the risks that could arise if growth in household borrowing substantially outpaced growth in household income. 

"This is not the case at the moment, but the Council did discuss possible policy responses to a scenario in which rapid growth in household debt posed heightened risks to the future stability of the economy."

Dr Lowe said the central bank will not increase the cash rate until inflation is sustainably within the 2–3 per cent target range.

He noted year-ended CPI inflation will temporarily spike in the June quarter to around 3½ per cent due to the unwinding of some pandemic-related price reductions. 

"There have also been price increases for some items due to pandemic-related interruptions to supply. 

"But beyond this, inflation pressures remain subdued and are likely to remain so. 

"For inflation to be sustainably in the 2–3 per cent range, wage increases will need to be materially higher than they have been recently.

"Partly for the reasons I talked about earlier, this still seems some way off," he concluded.

While the household saving rate has since declined as restrictions have been eased, it remains high by historical standards, Dr Lowe added. 

RBA watching cash-rich household spending amid recovering economy

For buyers seeking unprecedented luxury living in Melbourne&#39;s Doncaster, we&#39;re pleased to present Mirvac&#39;s latest addition to the prestigious Tullamore community, the final boutique apartments - FORME.

Transforming the Eastern Golf Course into a modern residential development, Tullamore is the latest project from Mirvac&nbsp;putting lifestyle and convenience at your fingertips.

The master-planned development is defined by lush landscaping, open parklands and walking trails, many of which are just a stroll away from FORME&nbsp;itself.

Urban see&#39;s plenty to love about FORME but here are just 5&nbsp;reasons to consider shortlisting these luxury Doncaster apartments:

[smartcode_project:default project_id=100322 project_image_fid=163036]

<h2>1. Designed, Delivered and Constructed by the Award-Winning Mirvac</h2>

Mirvac is one of Australia&#39;s leading, diversified property groups shaping and creating developments across Australia.

They take a full-body approach to new developments with the majority of their projects - including this one - also designed by their prestigious in-house team.

But with over 49 years of architecture experience they don&#39;t stop at shaping just buildings Mirvac is really about building a community, with their latest Doncaster project being Tullamore.

Really an all-in-one package they also take responsibility for the construction of their projects ensuring a quality standard you can be assured by.

[smartcode_project:default project_id=100322 project_image_fid=163035]

<h2>2. Tullamore is Green from Top to Bottom</h2>

Not only does Mirvac put forward a high level of quality and care in every development they create, they do it greener as a leading influence amongst developers leading the transition towards renewable and sustainable residential projects with a target to become net carbon positive by 2030.

FORME is an example of the care they put forward as the group&rsquo;s Tullamore master-planned community in Doncaster achieved the highest environmental certification in Australia, a six-leaf EnviroDevelopment accreditation due to its numerous green features.

Select prestige and penthouse collection will&nbsp;feature world-leading solar technology, as part of&nbsp;Mirvac&rsquo;s unique partnership with Melbourne-based start-up Allume Energy.

Plus there&nbsp;is greenery everywhere interwoven amongst FORME&#39;s free flowing spaces. The exclusive collection of luxurious residences are inspired by nature, with stunning garden spaces by award-winning landscape designer Paul Bangay.

[smartcode_project:default project_id=100322 project_image_fid=163034]

<h2>3. Over 25% green space</h2>

Set over 47 hectares, the master-planned development is defined by lush landscaping, open parklands and walking trails, many of which are just a stroll away from FORME&nbsp;itself.&nbsp;

Mirvac Doncaster&nbsp;masterplan at Tullamore is&nbsp;a community comprising of five distinct stages such as The Apartments of Tullamore, The Stables, The Club, The Reserve and The Grange.

Tullamore is extremely walkable with over 25% of the site dedicated to green space and trails.

FORME&nbsp;residents will have access to the world-class amenities at Tullamore, with Stables Provedore Caf&eacute; on their doorstep and a short stroll to the Next-Gen Health &amp; Lifestyle Club.

Everyone in the community&nbsp;benefit from three parks and play spaces, purpose-built for different ages. The parks will include a fitness trail and fitness stations to invigorate the lives of local residents while play equipment, shelters bench seats and informal gathering spaces deliver the environment to play, meet and relax.

[smartcode_project:default project_id=100322 project_image_fid=163031]

<h2>4. FORME is connected and convenient</h2>

Find yourself at Westfield Doncaster, the North-East&#39;s premier retail and entertainment precinct featuring over 400 stores, cafes, restaurants, cinemas, department stores, supermarkets and fresh food markets.

On site, the multi-million dollar flagship&nbsp;Next Gen Health and Lifestyle Club will keep you active and motivated right at your front doorstep.

Numerous private and public schools are found in and around Doncaster. From kindergarten to tertiary education, excellent transport connections further increase your options. Doncaster Road, Eastlink and the Eastern Freeway provide bus services to key destinations such as the University of Melbourne and Deakin University. Regardless of the age or life stage, excellent education options are always nearby at Tullamore.

[smartcode_project:default project_id=100322 project_image_fid=167733]

<h2>5. Luxurious and quality residences&nbsp;</h2>

Each residence features rich textures and crafted layers flowing in harmony to shape living spaces of timeless elegance that extend to outdoor spaces shrouded with verdant greenery, perfect for alfresco dining year-round

The exclusive collection of luxurious residences are inspired by nature, with stunning garden spaces by award-winning landscape designer Paul Bangay.

Upon arrival, residents are welcomed home to a green oasis with stunning water feature and a meandering stone path leading to an opulent towering glass foyer. Within the foyer, a striking sculptural artwork created by acclaimed artist Anna-Wili Highfield captures the light which streams through the vast glazed void.&nbsp;

The structure features organic architectural forms, with rich textures and quality materials found throughout the building.

FORME&#39;s limited collection of luxurious residences seamlessly blends warm timber, elegant fittings and stone accents to create timeless interiors&nbsp;that extend to outdoor spaces visible from a balcony..

Be one of the fortunate few to secure a luxury residence at FORME by Mirvac.

Don&#39;t delay, <a href="/buildings/forme-57-stables-circuit-doncaster">enquire today via Urban</a>.

[smartcode_project_cta: project_id=100322]

Set over 47 hectares, it is part of a master-planned development defined by lush landscaping, open parklands and walking trails, many of which are just a stroll away from FORME itself

Five reasons why FORME should be on a buyer's shortlist

Just three weeks after submitting their development application, the Sydney-based developer Sammut Group have secured $110 million in conditional sales for Coast, their Surfers Paradise apartment tower.

They&#39;ve secured sales of over 43 of the 49 total apartments, with sales so far ranging between $3.5 million and $9 million, at an average of $4.5 million.

A Sydney buyer, who already has a full floor apartments on the exclusive Garfield Terrace,&nbsp;secured a 610 sqm, full floor apartment in the development.

Sammut Group Director Allen Sammut said the inquiry for the project had been something he had never seen in more than 35 years in the development industry.

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&ldquo;The take up has just been incredible,&rdquo; said Sammut, whose Sydney-based company&rsquo;s brand is synonymous with luxury apartments in the Sutherland Shire area.

&ldquo;We were confident that our luxury residential offering would be well received, although we never anticipated the sheer volume of market uptake we&rsquo;ve witnessed in the past few weeks.&rdquo;

&ldquo;To have our debut Gold Coast project welcomed with such ferocity is a sensational result that only reinforces our commitment to delivering a project that exceeds our buyer&rsquo;s expectations on every front,&rdquo; Sammut added.

There was interest from interstate and local buyers, as well as a purchaser from New Zealand.

&ldquo;The contracts will obviously be subject to DA approval however the project is code assessable and therefore well within the requirements of the town plan.&rdquo;

Coast, designed by PBD Architects and set to soar 35 levels in to sky, will have a wide range of resident amenity, including 32m wet edge pool that wraps from the east to north, wellness facilities including a yoga studio, massage rooms and sauna, function facilities, a residential beach bar and a commercial sized gym.

<img alt="" height="675" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/coast_ocean_bar.jpg" width="1200" />

&ldquo;We threw the whole box and dice at the design of this project because we believe the site was purchased well, and the quality of what we have included in Coast from both luxury apartments and amenities has simply tantalised the market,&rdquo; Sammut said.

Sammut Group Director Allen Sammut said the inquiry for the project had been something he had never seen in more than 35 years in the development industry

Sammut nearly sell-out Surfers Paradise apartment tower just three weeks after lodging DA

The Greater Sydney apartment pipeline is tipped to plunge by 2024, with the 36,275 new apartment developments to be completed over the next three years, well below the 67,925 recorded in the prior 2018-20 period.

The major decline has been revealed in Knight Frank Research&rsquo;s Australian residential development review 2021, which tips a 47 percent decline.

&ldquo;Limited new apartment project launches in recent years have highlighted the supply issues ahead for Sydney with decade low levels of new supply in the pipeline,&quot; said Knight Frank&rsquo;s head of residential research, Michelle Ciesielski.

She also noted as developers commence construction, &quot;they&rsquo;re likely to feel the pinch from rising building costs and sourcing labour with limited migration and competition from a mammoth pipeline of state and federal government infrastructure projects being fast-tracked.&quot;

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&ldquo;With an increased reliance on sub-contractors, there is also competition coming from those dabbling in home renovation post lockdown.&rdquo;

Despite a weakening apartment market, NSW has for the 9th straight year maintained its position as the nation&rsquo;s leader for developer&rsquo;s expanding their sites portfolio, accounting for almost half of all sales in Australia last year.

Of the $4.1bn of total residential development site sales recorded nationwide in 2020, Sydney accounted for $1.97bn which was above Victoria ($1.29bn), Queensland ($642m) and Western Australia ($84.8m).

While high-density apartments made up the majority of total Sydney residential development sales ($1.3bn in 2020), Sydney also experienced a significant increase in low-density developments.&nbsp;

[smartcode_project:default project_id=32227 project_image_fid=93945]

Last year, 27.6% of development sites purchased across Greater Sydney were suitable for low density development,which was almost double the 14.2% share of low-density developments recorded in 2019.

Overall, a total of 8,280 new single allotments were released across Greater Sydney in 2020, up 70.4% on 2019, while low-density building approvals grew by 7.5%, with 26,483 single dwellings.

Despite the trend away from high-density projects in Greater Sydney, Knight Frank noted there were developers making longer term plans for this product with a rapid rise in collective site developments &ndash; considered those with the potential for residential development and including more than one vendor&ndash;with GreaterSydney recording $474.7m of sales in 2020.&nbsp;

The investment being made in collective site developments in Sydney is the highest among all capital cities.

Knight Frank&#39;s Head of Investment Sales in NSW, Grant Bulpett said: while HomeBuilder has lured first home buyers to the low-density market, many developers were already seeking longer term plays with significant englobo parcels being purchased in recent years.

&ldquo;This gives these developers options to subdivide, then turn the tap on and off to meet market demand.

&ldquo;With strong off the plan sales, low-density developers in Sydney are certainty operating in a low risk environment, however the increases in contributions and delay in service delivery in emerging markets is proving difficult to navigate.&rdquo;

&ldquo;With the residential market heating up, many developers are favouring development approved sites to get their project sales moving and capitalise on the current demand.&rdquo;

Despite the trend away from high-density projects in Greater Sydney, Knight Frank said there were developers making longer term plans

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Upcoming three-year pipeline of new Sydney apartments sees a significant drop: Knight Frank

The Gold Coast has seen a 238% surge in apartment development site purchases.

Sites along the Gold Coast Light Rail, have been keenly sought acquisitions along with popularity of suburbs such as Burleigh Heads, The Spit and Palm Beach.

Knight Frank calculated the high-density site purchases on the Gold Coast accounted for $167 million or 75% of all Gold Coast residential development sales in 2020, up from 29% the prior year.

The Gold Coast had also witness its residential market shift from being investor-led to owner-occupiers.

The 238% surge in Gold Coast apartment site acquisitions bucked the national trend of declining apartment site sales across all major capital cities, according to Knight Frank Research&rsquo;s Australian Residential Development Review 2021.

[smartcode_project:default project_id=97810 project_image_fid=160630]

The Gold Coast has also experienced greater pressure on their undersupplied rental markets, causing vacancy rates on the Gold Coast to tighten from 1.8% in 2019 to 0.9% in 2020, which in turn pushed rent values up by 1.2%.

First home buyers led the rise in new household loan commitments in both Brisbane and the Gold Coast, increasing their activity by 45% over 2020 in both markets to comprise a 29% share of all new loans approved in Queensland.&nbsp;

Knight Frank&rsquo;s Head of Residential Research, Michelle Ciesielski said the jump in high-density site sales reflects the spotlight being placed on the Gold Coast by local and interstate developers.

&quot;It is a trend we anticipate will continue with more owner-occupiers buying Gold Coast apartments, especially from the downsizing cohort,&quot; she said.

&ldquo;There have been more options for developers down in the Gold Coast and this has been demonstrated in the significant uptick in development site sales in 2020,&quot; Knight Frank Partner, Investment Sales - Queensland, Christian Sandstrom said.

[smartcode_project:default project_id=6515 project_image_fid=68834]

&ldquo;Developers are finding it difficult to locate good residential sites in Brisbane.

&ldquo;Both cities have seen increased population growth in the pandemic, very low residential vacancy attracting ramping up interest from both local and interstate developers.&quot;

Knight Frank’s latest development review report shows there has been a 238 per cent rise in high-density sites sold on the Gold Coast since 2019

Gold Coast development site acquisitions soar: Knight Frank

Queensland&rsquo;s residential market has shifted from being investor-led to owner-occupiers, with first home buyers driving the trend, according to Knight Frank&#39;s Australian residential development review 2021.

&ldquo;The Brisbane market is now in a position where local buyers need to re-adjust the price they expect to pay with increased competition with investors from the southern states,&quot; Knight Frank&rsquo;s head of residential research, Michelle Ciesielski said.

&quot;Over the past few years, buyers have become more sophisticated in the Brisbane market with an array of projects to choose from, but this choice is slowly evaporating,&quot; she noted.

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Knight Frank Partner, investment sales agent Christian Sandstrom noted developers are finding it difficult to locate good residential sites in Brisbane, &quot;especially as demand is increasing from buyers for high-rise apartment projects in the inner suburbs of Brisbane and soon close to the Brisbane Metro.&quot;

There have been more options for developers down in the Gold Coast and this has been demonstrated in the significant uptick in development site sales in 2020, he added.

&ldquo;Both cities have seen increased population growth in the pandemic, very low residential vacancy attracting ramping up interest from both local and interstate developers.

[smartcode_project:default project_id=102309 project_image_fid=163977]

&ldquo;Sydney and Melbourne buyers can see the opportunity of compressed vacancy in the city and relative price point for what they get at home compared to a Brisbane apartment.&rdquo;

The sale of Brisbane high-density sites plunged by 86% in 2020 with a diminishing pipeline of just 6,075 new apartments to be built by 2024, down from 13,850 in 2018-2020.

Knight Frank noted the continued shift of the buyer market in Queensland from a heavily dominated investor market to more activity by owner-occupiers

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