Toorak's dress circle St Georges Road, home to some of the city's priciest homes, is set for a rare new apartment development.

Blood Diamond Group, an entity tied to Tina Brandi, wife of David Brandi who has been a prolific bidder on The Block over the years, has filed plans for an ultra-exclusive development across an amalgamated 3,662 sqm site at <a href="https://www.apartments.com.au/new-apartments/104-106-st-georges-road-toorak-vic-3142">104 and 106 St Georges Road</a>.

The proposal would replace two existing homes on the riverfront site with a five-level apartment building cascading down the steeply sloping land toward the Yarra River. Designed by Charles Wright Architects, the development has been carefully shaped around the site’s topography and river environs, with the upper levels stepping back to reduce visual bulk from both St Georges Road and the Yarra corridor.

Planning documents describe the proposal as “a site layout and building typology that is consistent with the emerging character of the area and which provides exceptional amenity for future residents without compromising that of neighbouring properties.”&nbsp;

<img alt="First look: Blood Diamond Group unveils riverfront apartment plans for Toorak Pavilion" data-entity-type="file" data-entity-uuid="ea19a17e-7528-4fa8-b727-05f2f7c025e5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Toorak%20pavilion%20a_0.png?VersionId=rZ2IjdoUL_UrRl1sZ4wZHnQXbYUaEmUQ" />

The scheme comprises 12 apartments, including 10 three-bedroom residences, one one-bedroom apartment, and a substantial split-level five-bedroom penthouse. A 624 sqm communal rooftop terrace will crown the building, while three undercroft levels embedded into the hillside will accommodate apartments and basement parking.

The design leverages the site’s dramatic northern outlook across the Yarra River, with living areas and balconies oriented toward the water. A central atrium running the full height of the building is intended to draw natural light deep into the residences and improve internal amenity.

Landscape architecture by <a href="https://www.apartments.com.au/landscape-architect/jack-merlo">Jack Merlo Design &amp; Landscape</a> will play a major role in softening the built form, particularly along the river edge where significant setbacks have been introduced. The proposal includes a minimum 30-metre setback from the Yarra River boundary, preserving a substantial landscaped buffer between the development and the waterway.

While a mature English Oak near the front of the site is proposed for removal, the plans retain a large English Elm closer to the riverfront, alongside other established vegetation in the lower section of the property.

<img alt="First look: Blood Diamond Group unveils riverfront apartment plans for Toorak Pavilion" data-entity-type="file" data-entity-uuid="ed3bf19b-5bc7-482f-bde7-41f709a13c3a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Toorak%20pavilion%20b.png?VersionId=SG_kBGu4rOaSPY8FtVcmPJfSCrstuOfg" />

Architecturally, the building adopts strong horizontal forms with expansive glazing and curved balcony edges facing the river. Planning documents note the upper levels “adopt a receding form” to ensure the building responds appropriately to the Yarra River environs overlay controls.&nbsp;

The surrounding streetscape is characterised by large contemporary homes embedded into the hillside, many presenting as modest one or two-storey forms to the street before expanding toward the river frontage below. The planning report notes this established pattern heavily influenced the massing strategy for Toorak Pavilion.&nbsp;

Until the recent sale of the landmark Clendon Road mansion Coonac for around $130 million, St Georges Road held the state's most expensive home, the $80,000,088 derelict "Ghost House" mansion that was bought by crypto king Ed Craven.&nbsp;

Blair House, also on St Georges Road, sold for $74.5 million in 2022.

Joel Robinson

First look: Toorak Pavilions slated for dress circle St Georges Road

Six months after a development site on Kangaroo Point’s Shafston Avenue sold for $6.55 million, plans have been lodged for a 23-storey apartment tower.

A company named JMT Mega Capital, understood to be interstate investors when the 1,222 sqm double block traded late last year through Patona Property, is proposing an 84-apartment development in place of the existing low-rise buildings.

The slender tower at <a href="https://www.apartments.com.au/new-apartments/212-220-shafston-avenue-east-brisbane-qld-4169">212–220 Shafston Avenue</a>, overlooking the Brisbane River, has been designed by <a href="https://www.apartments.com.au/architects/aplus-design-group">Aplus Design Group</a>. It will comprise a mix of one-, two- and three-bedroom apartments above six basement levels, topped by rooftop resident amenities.

<img alt="First look: 23-storey Kangaroo Point tower planned for Shafston Avenue riverfront precinct" data-entity-type="file" data-entity-uuid="7e17ba9e-553e-42ef-92b6-22081671521a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/podium_3.png?VersionId=hlVUf99vrOjUs.vhQs0qV0DhOncUy9T8" />

The development has been designed as a vertically articulated tower with recessed balconies, curved façades and planted edges intended to soften its scale within the evolving Shafston Avenue skyline. In the submitted Urban Design Report, Aplus Design Group said the tower had been “shaped with a slender vertical expression, articulated façades, recessed balcony zones, integrated planting and a clearly defined podium relationship, helping to reduce perceived bulk and create a more elegant contribution to the Shafston Avenue streetscape and broader Kangaroo Point skyline.”

The scheme comprises 84 apartments, including 25 one-bedroom units, 34 two-bedroom apartments and 25 three-bedroom residences. A total of 104 car spaces are proposed across six basement levels, including resident, visitor and accessible parking.

Residents will have access to rooftop communal open space and shared amenities, while the development also incorporates deep planting zones and subtropical landscaping throughout the podium and tower levels. The project includes 35 per cent communal space coverage across the site and a 17.5 per cent deep soil zone allocation to support urban greening outcomes.

The application exceeds the mapped building height under the Kangaroo Point Peninsula Neighbourhood Plan and is being assessed under Brisbane City Council’s impact assessment pathway. The design team argues the additional height is supported by the site’s strategic inner-city location, existing high-density zoning, and proximity to transport and employment hubs.

“The design has been developed to make better use of a well-serviced urban site within an established high-density residential setting, while improving the street presentation and overall quality of the public realm interface,” the report states.

<img alt="First look: 23-storey Kangaroo Point tower planned for Shafston Avenue riverfront precinct" data-entity-type="file" data-entity-uuid="1ab44b1e-ff45-4bf3-8da8-8aa0cd79db33" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/site_10.png?VersionId=tSxeGekZOqj1e9g3PEn_yFoC3taKDp3U" />

The proposal adds to a growing pipeline of apartment developments reshaping Kangaroo Point ahead of the 2032 Brisbane Olympic Games, with demand continuing to strengthen for new housing supply in well-connected inner-city precincts.

Mosaic has nearly sold out its under-construction <a href="https://www.apartments.com.au/new-apartments/the-bedford-by-mosaic-16-30-prospect-street-kangaroo-point-qld-4169">The Bedford by Mosaic</a>&nbsp;and <a href="https://www.apartments.com.au/new-apartments/the-carter-by-mosaic-77-linton-street-kangaroo-point-qld-4169">The Carter</a>,&nbsp;while Pikos recently completed <a href="https://www.apartments.com.au/buildings/skye-residences-by-pikos-kangaroo-point-8-river-terrace-kangaroo-point-qld-4169">Skye Residences</a> nearby. Pikos is also delivering <a href="https://www.apartments.com.au/new-apartments/gaia-kangaroo-point-108-lambert-street-kangaroo-point-qld-4169">Gaia</a>, over 230 three- and four-bedroom apartments on Lambert Street.

First look: 23-storey Kangaroo Point apartment tower planned for Shafston Avenue riverfront precinct

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.

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

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?

The Reserve Bank of Australia may raise the cash rate earlier than its signalled 2024 plan due to the size of the fiscal stimulus announced in the Federal Budget, according to UBS.

UBS Australia chief economist, George Tharenou said the persistence of fiscal stimulus continuing for several years will put upward pressure on wages and inflation.

&quot;So even with softer US payrolls delaying Fed tapering, the budget means the RBA should be more willing to taper ahead of the Fed, and hence we still expect the RBA will likely announce a taper in July, with QE3 &#39;up to $100bn&#39;, and slower purchases until stopping around year end; as well as not extending yield curve control beyond Apr-24,&quot; he said.&nbsp;

&nbsp;

[smartcode_project:default project_id=5559 project_image_fid=88244]

&quot;We still expect the RBA to hold the cash rate until end-22, but we now see the risk of an earlier rate hike than the RBA&#39;s forward guidance of 2024.&rdquo;

Tharenou estimated the budget contained A$96 billion in extra stimulus over five years, leading to the desired and expected upward pressure on wages and inflation.

During its last cash rate announcement RBA governor Philip Lowe said that while the central bank was increasingly confident about the economic outlook and would likely end its term funding facility to banks, it was still &ldquo;unlikely&rdquo; to raise the 0.1% cash rate before 2024.

UBS now see the risk of an earlier rate hike than the RBA's forward guidance of 2024

jchancellor

UBS economist forecasts budget deficit will prompt 2023 home loan rate rises

<a href="/buildings/shenton-quarter-1-seymour-avenue-shenton-park">Shenton Quarter</a> is a brand new urban village taking shape in the heart of Perth. Drawing interest from local and interstate buyers alike, this is a well-thought-out development you won't want to miss viewing.&nbsp;

Watch our video of Shenton Quarter:

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/r0kN-WXDong" title="YouTube video player" width="660"></iframe>

<h2>SHENTON QUARTER AT A GLANCE</h2>

Developer: <a href="/developers/iris-residential" target="_blank">Iris Residential</a>

Architects:&nbsp;<a href="/architects/cameron-chisholm-nicol-architects" target="_blank">Cameron Chisholm Nicol Architects</a>

Homes from:&nbsp;$399,000

Location:&nbsp;Corner of Selby Street and Seymour Avenue, Shenton Park WA 6008

[smartcode_project_cta: project_id=26734]

[smartcode_project:default project_id=26734 project_image_fid=153697]

Shenton Quarter is being delivered by leading Western Australian apartment developer Iris Residential. The master-planned precinct will feature an on-site Coles, accessible via a pedestrian-friendly laneway, with an extensive selection of retail and dining options for residents, making life at Shenton Quarter one of ease and convenience.&nbsp;

The resident-only on-site amenities span over 2,400 square metres and includes a yoga zone, a 20 metre heated swimming pool, vegetable and herb garden, gymnasium, and a barbeque and dining pavilion. There are plenty of dedicated spaces for residents to relax or connect with neighbours, with alfresco dining areas perfect for summer gatherings.

Each home has been curated with high-quality materials. The bedrooms include 100% wool carpet, kitchens are fit with stone benchtops and Smeg appliances, while built-in joinery and double glazed windows are found throughout each property.&nbsp;

[smartcode_project:default project_id=26734 project_image_fid=153713]

Luxurious, spacious apartments and lofts feature high ceilings and are available in one, two and three-bedroom configuration floorplans. Buyers will also be able to choose from a selection of bespoke design schemes, The Acacia, The Banksia and The Cassia.&nbsp;

The development has been thoughtfully designed by Architecture practice Cameron Chisholm Nicol, a company that has been shaping Perth's skyline since 1884. Seeing the practice's completed work stand the test of time several decades later is a testament to the quality and care invested in their work.

Shenton Park is an enviable location, and one of Perth's neighbourhoods showing rapid annual population growth. Living at Shenton Quarter, you're just 400 metres to Shenton Park train station, 150 metres Shenton College and walking distance to world-class healthcare.

Discover your dream home at Shenton Quarter today, <a href="/buildings/shenton-quarter-1-seymour-avenue-shenton-park">enquire now via Urban.com.au</a>.

[smartcode_project_cta: project_id=26734]

Olivia Round

Display Tour: Shenton Quarter by Iris Residential in Shenton Park, WA

Golden Age have recently completed Sky Garden, the residential complex in&nbsp;Glen Waverley set above The Glen shopping centre.

The well-regarded architecture firm Rothelowman designed the three towers in south-east Melbourne.

Urban recently spoke to Joe, a renter at Sky Garden, and found out what it&#39;s like living in the development.

JR: What first drew you to Sky Garden?

Joe: I found it by accident while I was looking for somewhere to live. When I went through the website and saw the facilities I made an appointment to see it. As soon as I walked into the room I am sitting in right now, I absolutely fell in love with it.

[smartcode_project:default project_id=2881 project_image_fid=162989]

I thought it was magnificent. I looked out onto the garden, BBQ facilities and was taken down to look at the 25m pool, gym and enjoyed its location above a shopping centre.

I have doctors, dentists, clinics, shops and restaurants right downstairs &mdash; this all really appealed to me. I absolutely love it.

[smartcode_project:default project_id=2881 project_image_fid=162982]

JR: How long had you been searching for a property?

Joe: I was looking for a month. 

JR: Were you always looking for an apartment?

Joe: No, I initially had a townhouse in mind because it has its own garage.

I have a nice Audi so security was a big thing. But when I found this and saw that it has a storage cage, it ticked all the boxes for me.

JR: Why did you choose Glen Waverley? 

Joe: I walk to work, which is 15 minutes away, when I can so that appealed to me.&nbsp;I&rsquo;ve been working in Glen Waverley for the last 38 years.

[smartcode_project:default project_id=2881 project_image_fid=148830]

I also looked at Burwood and Notting Hill, but this one ticked all boxes, as it&rsquo;s so convenient and close to work.

JR: Did you have a set of criteria that the apartment had to meet? 

Joe: Not really. This has two bedrooms, two bathrooms, a good-sized living area and a lovely big balcony. The kitchen is a touch small, but ideal for me.

[smartcode_project_cta: project_id=2881]

Urban recently spoke to Joe, a renter at Sky Garden, and discussed what it's like living in the development


Resident insight: What it's like living in Glen Waverley's Sky Garden

Sky Garden is the recently completed residential complex located above The Glen shopping centre in Melbourne&#39;s Glen Waverley.

Golden Age wanted Rothelowman to create three distinctive buildings of three different characters, based of five natural elements.

Urban recently sat down with Rudy Darmawan, senior associate at Rothelowman, to discuss the project.

JR: What was the design brief for Sky Garden?

RD: The proposed development will be a key landmark for The Glen shopping centre and the greater Glen Waverley precinct.

A designated principal activity centre, Glen Waverley has the infrastructure and amenities necessary to support significant development in line with the planning objectives of the City of Monash.

[smartcode_project:default project_id=2881 project_image_fid=148774]

The proposed development is envisioned as a home for owner-occupiers attracted to the unique opportunities and lifestyle to be found in a vibrant, growing Glen Waverley.

JR: Was there a previous project in particular you took design inspiration from?

RD: The highly contextual response takes design cues from its surrounds.

The urban forms respond to their immediate surrounds, adjacent buildings and contextual boundaries through controlled urban gestures, setbacks and interfaces.

[smartcode_project:default project_id=2881 project_image_fid=148761]

The architecture is clean, contemporary, reflective and vibrant. Each tower draws inspiration from one of three natural elements: Gold, water and fire. The organic composition generates a calm, restrained outcome that contrasts with the varied,active landscapes and streetscapes of the surrounding precinct.

JR: What was the biggest challenge when conceiving the design of the building?

RD: The complex interfacing with the existing active shopping centre, and the compressed programme.

JR: What part of the project were you most looking forward to seeing when the development was completed?

RD: We believe the future evolution of our cities will see developers further embrace the untapped potential of projects like Sky Garden that integrate retail and entertainment precincts.

It means people can shop and be entertained right below their apartment. To live above projects, like The New Glen Shopping Centre, is an opportunity that very few people will come across in the short term.

From a design perspective, these are interesting developments. There is a lot of complexity in the design as the servicing, access and exits of various uses need to be separated. The success of this kind of project is contingent on the quality of the design and the convenience and value it offers. Consumers will make their choice based on these attributes.

[smartcode_project:default project_id=2881 project_image_fid=148765]

The collection of buildings is visually elevated above The New Glen Shopping Centre and is architecturally designed to be collegial, yet each possessing its distinct character; similarly detailed and distinguished by fluid forms, modulation and colours.

Each building has been expressed as a sculptural form that has evolved and been contextualised to hold a symbiotic relationship with the movement of the podium forms, context and greater retail precinct. This consideration extends to each of the ground floor entry lobbies, the design of which relates to the curvature and materiality of each corresponding tower.

The sculptural shapes of the buildings are designed to be appreciated when seen up close as well as from a distance. Their colours have been inspired by the changing hues of the sky.

The colours respond to the skyline, the sun rising in the Dandenongs to the east to the sun setting to the city in the west. The eastern-most tower is a burnished bronze, the western-most tower is a sunset blush and the central tower is an indigo blue, picking up on the sky during the day.

[smartcode_project_cta: project_id=2881]

The proposed development is envisioned as a home for owner-occupiers attracted to the unique opportunities and lifestyle to be found in a vibrant, growing Glen Waverley.



The design details: How Rothelowman designed Glen Waverley's Sky Garden

Sky Garden is the completed Glen Waverley residential complex developed by Golden Age Group.

Spanning&nbsp;three towers designed by the regarded architecture firm Rothelowman, Sky Garden sits above the new and improved $430 million redevelopment of&nbsp;The Glen shopping centre.

The communal showpiece is the aptly named sky garden. Located above the podium levels linking each tower, the sky garden features&nbsp;a bar,&nbsp;kitchen and private dining spaces,, veggie gardens, a kids playground and large lawns with water features.

Urban recently sat down with Golden Age&#39;s sales and marketing director Dandan Zhao&nbsp;to discuss the project.

Why did you choose to acquire the residential element of The Glen from Vicinity?

Sky Garden is a landmark and unpreceded feat of a project we are incredibly proud of. At Golden Age, we are always looking for new ways to do things and we saw an opportunity to partner with Vicinity Centres to deliver a residential component to an existing shopping precinct in a way that has never been done before in Australia, making this project the first of its kind.

[smartcode_project:default project_id=2881 project_image_fid=148771]

Developing within air rights was a fairly new phenomenon within Australia when we launched Sky Garden in 2018 but its location ticked all the boxes. For all stakeholders involved, including Vicinity, it was an incredibly ambitious project with a combined value close to $1 billion but it has paid off in spades.

Did you keep the same architecture plans? If not - what was the design brief for Rothelowman?&nbsp; (If so - what did you like about the plans?)

When we bought the air rights site from Vicinity, the development contained three towers (A/B/C). Originally, Towers A &amp; B were conjoined in an elbow shape almost reading as a large L-shaped building.

We briefed Rothelowman to create three distinctive buildings of three different characters based on the five natural elements. This created separation between the buildings so that they architecturally stood on their own with three different glazing colours.

[smartcode_project:default project_id=2881 project_image_fid=148765]

Both the indoor and outdoor common area amenities were also redesigned to suit our vision for Sky Garden and the garden itself was completely overhauled taking on numerous iterations. We also replanned the apartments so that they catered to the size and layout that our target market prefers, taking experience from our past projects including Sky One.

<a href="/news/vic/the-design-details-how-rothelowman-designed-glen-waverleys-sky-garden">Read more: How Rothelowman designed Sky Garden</a>

What were the key features you wanted to achieve in the development? 

It is a unique project as it is the first time an air-rights transfer above a shopping mall has allowed for a development of such scale within Australia - it&rsquo;s also reflective of a growing trend towards the Asian &lsquo;apartments above mall&rsquo; model.

Designed in collaboration with multi-award winning architect Rothelowman, interiors by DKO Architecture, and featuring landscaping by Aspect Studios, Sky Garden originally launched to market with 555 one, two and three-bedroom spacious residences across three towers. The number of residences has since dwindled to 536 apartments due to demand from downsizers seeking larger floor plans, leading to a number of amalgamations.

Residents have access to a 4,000 square metre outdoor podium garden complete with a relaxation zone, entertainment lounges, BBQs, vegetable gardens, a designated children&rsquo;s play area and outdoor fitness areas.

[smartcode_project:default project_id=2881 project_image_fid=148759]

Other amenities include a luxurious pool, a two-storey fully equipped gym, private dining rooms with BBQ in the terrace which can be booked for private functions, a private cinema, two gaming rooms and a library, alongside more than 240 speciality retail stores and a fresh food market hall situated in The Glen below.

Where have buyers come from, and who is the development appealing to?

The majority of buyers come from local suburbs, particularly the South Eastern suburbs that are within 10 km of the project.

We&rsquo;ve had buyers who are local and want to be within walking distance to Glen Waverley Secondary College or Glen Waverley Primary, including families and grandparents, as well as downsizers who like the convenience of living atop a world-class shopping centre and don&rsquo;t want to sacrifice their lifestyle by moving into a small and standalone apartment.

[smartcode_project:default project_id=2881 project_image_fid=148829]

Then we have professionals who either work nearby or work in the city and are attracted to the connectivity of the project - it has been a true assortment of buyers which is expected given the nature of this project, it quite literally caters to all buyer demographics.

In many cases, families and friends have bought together. There are also people who bought for their parents to downsize, or for children as their first home. Many investors purchased with the idea that this could be their future retirement option or holiday home.

Numerous investors have selected Sky Garden over other projects because they believed its location, amenities and quality would guarantee appreciation overtime.

[smartcode_project:default project_id=2881 project_image_fid=162989]

[smartcode_project_cta: project_id=2881]

Sky Garden is the completed Glen Waverley residential complex developed by Golden Age Group

Everything a buyer needs to know about Sky Garden in Glen Waverley: Five minutes with Golden Age Group

Sixth Ave is the latest Bayside development by the Aultun Group, who pride themselves on identifying development sites close to desirable amenities.

The 59 townhouse development in the sought-after Chelsea Heights&nbsp;has been designed in keeping with its Bayside location&nbsp;by Point Architects. Led by Edgar Grech, Sixth Ave was the first project in the area.

Urban recently sat down with Point Architects director Edgar Grech to discuss&nbsp;the design details of Sixth Ave.

JR: What was the brief of Sixth Ave from Aultun Group?&nbsp;

EG: To develop an open plan neighbourhood community that has active street presence. It was also important to develop efficient two&nbsp;and three&nbsp;bedroom housing for all cross sections of the community.

[smartcode_project:default project_id=32136 project_image_fid=93835]

JR: Where did you take your inspiration from?

EG: Our inspiration was taken from a contemporary design approach&nbsp;

JR: What was the biggest challenge when designing Sixth Ave?

EG: Ensuring that the internal amenity had opportunity for substantial landscaping, that every residence had a sense of address and most dwellings provided the opportunity to have a backyard and sense of place.

[smartcode_project:default project_id=32136 project_image_fid=93832]

JR: What do you think buyers will like most about the design?

EG: The development provides design variety in dwelling sizes and bedroom numbers. It&rsquo;s not a generic one type design in floor plan and facade.&nbsp;

JR: How important was matching the townhouses to fit in with the Bayside suburb?

EG: It fits in form and scale, however, it provides a modern approach.

[smartcode_project:default project_id=32136 project_image_fid=93831]

JR: How important was it to have sustainability features in the Sixth Ave townhomes?

EG: Sustainability is what we all want. We feel this is not an option but an integral part of the design.

JR: Which part of the project are you most looking forward to seeing when completed?

EG: Apart from the architecture, the openness and ease of movement of the development.

[smartcode_project_cta: project_id=32136]

The 59 townhouse development in the sought-after Chelsea Heights has been designed in keeping with its Bayside location by Point Architects

Point Architects discuss the vision behind Chelsea Heights townhouse development Sixth Ave

Expat buying at the top end of the market are leading the way of the changing market.

That&#39;s the view of Colliers Residential director Peter Kerras, who says across Australian media you could say we have a strong fascination with the Australian housing market &ndash; however it doesn&rsquo;t seem to be the case when he speaks to expats.

&quot;A lot of expats who are living in Hong Kong, Singapore, Shanghai, and London to a lesser degree, have no issue with apartment living, because they&#39;ve been doing it for a number of years,&quot; Kerras says, adding that it&#39;s around 80 per cent of expats now buying at the top level.

Kerras, who has been selling apartments across Sydney for over three decades, says for some time we have seen overseas purchaser numbers reduce.

&quot;Previously across our projects we saw a lot of offshore buyers with many based in China,&quot; Kerras says.

&quot;Currently however we are seeing more expats wanting to return to Australia and are actively buying off-the-plan&rdquo;, Kerras noted.

The current strength has been seen far and wide across Sydney&#39;s main prestige areas, from the&nbsp;Upper&nbsp;North&nbsp;Shore to the likes of Vaucluse and Double Bay in the east.

There were three expat buyers in the&nbsp;Avance&nbsp;developed Merrinda at&nbsp;<a data-saferedirecturl="https://www.google.com/url?q=https://www.urban.com.au/developments/kurraba-point-nsw&amp;source=gmail&amp;ust=1621557175455000&amp;usg=AFQjCNGj5PeMYw8_2JO51pjdtC9Uyy_mfw" href="/developments/kurraba-point-nsw-2089" target="_blank">Kurraba Point</a>, the boutique development of just 14 apartments.

[smartcode_project:default project_id=23292 project_image_fid=161976]

There&#39;s only one apartment remaining in the boutique block designed by PBD Architects.

Kerras says developments now have to cater for a different need.

&quot;Larger developments with more investor focused apartments were the norm for a time, however now the pendulum has swung the other way and we are seeing the downsizers buying larger units or amalgamating apartments.&quot;

Kerras noted the further driver of the downsizer demographic, who are now getting a lot more for their houses as Sydney house prices continue to reach record highs.

&quot;There aren&#39;t too many options for a house-sized apartment at that top end&quot;, Kerras said. He&#39;s been seeing more amalgamations of apartment in yet to be complete developments.

[smartcode_project:default project_id=23292 project_image_fid=161972]

Kerras recently sold two amalgamated apartments in The Bond in Bond Junction to an Australian expat doctor living in Hong Kong.

The Koichi Takada-designed development by Capital Corporation will have 80 apartments and a rooftop cinema by its mid-2023 completion.

The expat had initially been seeking a house in Vaucluse, however the additional cost&nbsp;of land tax in the premium harbourside suburb and a weaker rental yield led the buyer to secure two apartments in The Bond.

There&#39;s also been&nbsp;amalgamations at Northview, a boutique project in St&nbsp;Leonards&nbsp;located in Chandos Street&nbsp;which has nearly sold out.

There were only two one bedders, which were bought together and amalgamated to make a 170 sqm apartment. There was another amalgamation, which saw the total number of apartments downgraded from 12 to 10, well before construction even started.

Prices started from $2.25 million and went up to $3.45 million, selling at around $20,000 per sqm.

Kerras says investors are very different from what they used to be.

&quot;The yield of a property was the number one criteria for investors, however that has now completely changed.

&quot;In the prestige area, it&#39;s more about&nbsp;a quality product, from a quality developer with longevity that they can pass on to their&nbsp;children.&quot;

&quot;They&nbsp;are&nbsp;happy to get a yield of around&nbsp;2&nbsp;to 2.25 per cent a year return and put&nbsp;approximately&nbsp;30 to 40 per cent&nbsp;deposit&nbsp;down on the apartment as a safer place to&nbsp;spend&nbsp;their money,&nbsp;as banks in some countries are charging you to keep&nbsp;money in the bank.&quot;

Peter Kerras, who has been selling apartments across Sydney for over three decades, says for some time we have seen overseas purchaser numbers reduce.



Expats pour in to luxury off the plan Sydney apartment market as Merrinda at Kurraba Point nears sell-out

The Brass Edition residences offer a series of 22 meticulously crafted homes in two and three-bedroom configurations that challenge the boundaries of modern design.

Urban takes a look at seven reasons why you should secure a residence in the luxury complex today. 
&nbsp;

1. Delivered by a Melbourne-based family business

<a href="/buildings/the-brass-edition-144-pascoe-vale-road-moonee-ponds" target="_blank"><img alt="" height="1162" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2021-05-12_at_1.16.20_am.png" width="2164" /></a>

Founded by Tony Masa, Melbourne-based property development company Empire Properties is a true family business.

Family-owned and operated, the company has developed a wide range of large-scale residential and community-based projects with a focus on creating highly liveable communities.

Other developments by the firm include Essendon&rsquo;s Glass Street townhomes and the proposed Truganina masterplanned community, Allura Village. 
&nbsp;

2. Designed by an award-winning architectural practice

[smartcode_project:default project_id=3233 project_image_fid=160013]

ClarkeHopkinsClarke is an award-winning architectural and interior design practice with 57 years&rsquo; experience.

Recognised for creating dynamic spaces and transforming Australia&rsquo;s suburbs with high-quality affordable housing, ClarkeHopkinsClarke create vibrant communities.

The firm approaches each residential project as an opportunity to create people-centric places, and this can be seen in The Brass Edition. 
&nbsp;

3. The site is steeped in history

Pascoe Vale Road is steeped in history, with small-scale industries entering the area in the 1950s and 1960s, with firms on the road including R.K. Morgans and Dunston and Son.

Taking cues from its refined industrial heritage, the Brass Edition Residences present a series of transitions from the street and into the building.

The use of reclaimed brick, concrete and bronze cladding pays homage to the history of the site and also period homes of the area. 
&nbsp;

4. Ideal inner-north-west location

[smartcode_project:default project_id=3233 project_image_fid=160023]

Now, one of Melbourne&rsquo;s most liveable suburbs, Moonee Ponds fuses a friendly authenticity with a contemporary community vibe.

The property is located in the chic inner-city suburb with numerous public and lifestyle amenities, including Queens Park, an outdoor swimming pool, shopping precincts and Moonee Valley Racecourse.

Residents are spoilt for choice with an abundance of trendy eateries, wine bars and family dining experiences just a short walk from the home.

The Brass Edition offers a lifestyle choice that brings style, substance and convenience. 
&nbsp;

5. &ldquo;An organic element to every aspect&rdquo;

<a href="/buildings/the-brass-edition-144-pascoe-vale-road-moonee-ponds" target="_blank"><img alt="" height="1500" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/brassedition_clarkehopkinsclarke_04.jpeg" width="2680" /></a>

Drawing on the heritage of the streetscape, the Brass Edition&rsquo;s architectural design is inspired by modern, clean lines.

&ldquo;Reclaimed brickwork offers contrast against striking bronzed elements, while greenery on every level brings an organic element to every aspect&rdquo;, said Empire&rsquo;s Tony Masa.

Each apartment offers living areas with abundant natural light, floor-to-ceiling windows and large balconies with climbing greenery.

&ldquo;Inbuilt planters and arbour framework encourage creeping and flowering vegetation making the building&#39;s footprint seamlessly blend with the surrounding environment&rdquo;, the project marketing reads. 
&nbsp;

6. Sophisticated interior design

<a href="/buildings/the-brass-edition-144-pascoe-vale-road-moonee-ponds" target="_blank"><img alt="" height="1150" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2021-05-12_at_1.19.16_am.png" width="1856" /></a>

Not only is the exterior architecture drawn from the suburb&rsquo;s history, but the interior palette also draws inspiration from a refined industrial design philosophy.

This can be seen in the terrazzo finishes, beautiful timbers and warm veneers curated by ClarkeHopkinsClarke.

&ldquo;The introduction of darker elements such as feature shelving and brushed bronze fixtures offer a visual contrast which brings harmony and balance to each residence, creating a luxury aesthetic that flows organically throughout each area.&rdquo; 
&nbsp;

7. Highly flexible spaces

Residents can make their new home their own at this Moonee Ponds residence, with flexible living spaces, study nooks and retreats that homebuyers can customise.

Large open-plan living areas provide opportunities to reconfigure living or dining, and study nooks can double as libraries.

The outdoor terrace provides the ideal setting for entertaining family and friends. 
&nbsp;

Apartments at the Brass Edition begin at $709,475 for a two-bedroom apartment, while three-bedroom residences are priced from $1,029,800

Not only is the exterior architecture drawn from suburb’s history, but the interior palette also draws inspiration from a refined industrial design philosophy

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Top selling points of the luxury Moonee Ponds apartments, The Brass Edition

Suburban vacancy rates continue to fall, according to new SQM Research data revealed Tuesday.

The Australian investment research house recorded a 0.2 per cent drop in the national residential rental vacancy rate over the month of April, falling to 1.9 per cent from 2.1 per cent in March.

<figure><img alt="" class="image-article-full-width-580px" height="263" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/vacancy_rates.png?itok=K3RQjn1f" title="Vacancy Rates - April 2021" width="580" />

<figcaption>Vacancy Rates - April 2021</figcaption>
</figure>

Melbourne&rsquo;s vacancy rate fell to 4.0 per cent in April from 4.4 per cent, while in Sydney it dropped to 3.1 per cent from 3.4 per cent.

In Adelaide, Canberra and Hobart, the vacancy rate remained below 1.0 per cent, while Brisbane&rsquo;s fell to 1.4 per cent.

&ldquo;Along with the smaller capitals, Brisbane&rsquo;s vacancy rate has become extremely tight and so we are expecting a surge in rents for the city this year&rdquo;, Christopher said.

[smartcode_project:default project_id=26734 project_image_fid=153694]

Vacancy rates in Perth and Darwin saw the most significant drop over the year, with rates falling 1.3 per cent and 1.1 per cent, respectively.

Rents have also jumped in these smaller cities, a trend that SQM managing director Louis Christopher believes we could see continue given the recent commodities boom for iron ore and other base metals.

<figure><img alt="" class="image-article-full-width-580px" height="560" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/asking_prices.png?itok=xko1lk5t" title="Weekly Rents Index - 11 May 2021" width="580" />

<figcaption>Weekly Rents Index - 11 May 2021</figcaption>
</figure>

&ldquo;Demand for rental accommodations is still outstripping supply, which is having the effect of boosting rents in many locations and unaffordable to lower income tenants&rdquo;, Christopher said.

In some locations, including the Gold Coast and New South Wales&rsquo; North Coast, landlords are demanding huge rent hikes, with asking rents soaring 32 per cent for houses on the Gold Coast over the year.

[smartcode_project:default project_id=22057 project_image_fid=150842]

This surge has occurred as people migrate out of the big capital cities and move to regional and warmer locations, as well as the number of occupiers per dwelling fall, the research revealed.

&ldquo;People are also looking for larger properties as they work from home and not wishing to live together.&rdquo;

In contrast, rates for Melbourne and Sydney CBDs remain elevated with the loss of international student tenants combined with apartment oversupply.

These were among the only areas recording rises in vacancy rates, excluding Sydney&rsquo;s Liverpool.

As a result of demand outstripping supply, some locations, including the Gold Coast, are seeing asking rents soaring 32 per cent over the year

National residential vacancy rates continue to fall: SQM Research

The recently unveiled Federal Budget is expected to support home ownership aspirations for thousands of households, according to Housing Industry Association (HIA) managing director, Graham Wolfe.

&ldquo;This budget will make a difference in the lives of thousands of Australians,&rdquo; he said.

A majority of the housing schemes are targeted to help first home buyers bridge the deposit gap and bring the aspiration of home ownership within reach of a broader range of Australians.

[smartcode_project:default project_id=8082 project_image_fid=59642]

Under new measures, budding first home buyers will now be able to access up to $50,000 of their own concessional and non-concessional contributions that they can put towards a first home deposit.

This presents an expansion of $20,000 on the previous $30,000 limit that could be released under the First Home Super Saver Scheme, which has been welcomed by the property industry.

The changes &ldquo;provide greater incentive and motivation for tens of thousands of young, aspirational Australians to save a deposit for their first home through a tax effective scheme&rdquo;, said Wolfe.

CEO of Master Builders Australia, Denita Wawn, said: &ldquo;Harnessing the power of compound interest in superannuation to save a deposit makes sense.&rdquo;

The Government has also committed to an extra 10,000 places for the First Home Loan Deposit Scheme, helping first home buyers secure a property with a five per cent deposit.

<h2>A win for single parents</h2>

<img alt="" height="667" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/shutterstock_1156208419.jpg" width="1000" />

The Budget also expands on the success of the First Home Loan Deposit Scheme with the new Family Home Guarantee, which will assist single custodial parents buy a home with a deposit as low as 2 per cent.

&ldquo;These measures build off the economy-saving success of the HomeBuilder scheme by providing more focused support where it is most needed,&rdquo; Property Council chief executive Ken Morrison said.

This new scheme will deliver single parents, the overwhelming majority of whom are women, a step up to gaining the security that comes with home ownership.

&ldquo;Matching the 10,000 places still to open under the Deposit Scheme from July with a new allocation of 10,000 places under the New Home Guarantee will help ensure first home buyers can choose to buy either a new home or an existing home&rdquo;, Wolfe said.

Single custodial parents will need to wait until next week for a fact sheet with further information on eligibility criteria.

<h2>Other measures</h2>

[smartcode_project:default project_id=22584 project_image_fid=71763]

Other measures revealed by Treasurer Josh Frydenberg also help support workers, downsizers and broader communities.

The budget has committed to lowering the minimum age for downsizer contribution from 65 to 60, allowing a one-off post-tax contribution of up to $300,000 per person when they sell their home.

The Federal Government has also announced additional funding under the National Housing and Homelessness Agreement.

&ldquo;A further $124.7 million to assist states and territories to meet their social and community housing requirements will help meet growing demand for housing support&rdquo;, said Morrison.

Master Builders also announced they were pleased to see the Federal Government stepping up to assist the states and territories with their role to provide community and social housing, following calls for boosted social housing investments.

[smartcode_project:default project_id=3233 project_image_fid=160015]

Other measures also include an extension of the Boosting Apprentice Commencement wage subsidy which has helped restore confidence in job training to grow the next generation of homebuilders.

The government has also continued its 10-year, $110 billion spend on infrastructure, which includes $15.2 billion over the next ten years for new rail and road infrastructure projects, helping build communities.

&ldquo;All up, this is a budget for all Australians. It is very welcome and is strongly supported&rdquo;, Urban Taskforce chief executive Tom Forrest said.

The recently unveiled Federal Budget is expected to support home ownership aspirations for thousands of households

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