ANZ believes the Reserve Bank is in no rush to move again.

Following the release of the May Monetary Policy Board Minutes, ANZ has taken the view that the RBA is now firmly in a holding pattern, with the cumulative impact of previous rate hikes giving the Board scope to assess how the economy evolves from here.

That positioning, in ANZ’s view, makes a June rate hike unlikely.

The bank continues to expect the cash rate to remain unchanged at 4.35 per cent for an extended period, with the RBA adopting what is effectively a wait-and-see approach.

The Minutes point to a Board that sees financial conditions as already restrictive, but without a clear read on just how restrictive they are. That uncertainty has shifted the focus away from immediate policy action and toward monitoring both domestic conditions and global developments, particularly the conflict in the Middle East.

As ANZ interprets it, the Board is deliberately avoiding strong forward guidance.

Instead, it is allowing itself flexibility, acknowledging that monetary policy has limited ability to influence the near-term trajectory of inflation, while also recognising that economic growth is likely to remain below potential for some time.

Despite that pause in momentum, ANZ notes that the Board still carries a tightening bias.

The Minutes reveal that, in weighing up its decision, the Board seriously considered another 25 basis point increase. The key debate centred on the trade-off between inflation and activity, particularly in the context of global uncertainty.

Ultimately, most members leaned toward the inflation side of that equation.

Underlying inflation is still expected to remain above target for an extended period, regardless of how external risks evolve. That has led to a view within the Board that the risks to its inflation objective have increased, and that the current cash rate may not be sufficiently restrictive to fully contain those pressures.

That’s important.

While the decision, for now, is to hold, the underlying tone of the Minutes suggests the door to further tightening has not been closed.

ANZ also points to commentary from Assistant Governor (Economic) Sarah Hunter, who highlighted the risk that inflation could pass through the economy more quickly and broadly than in previous cycles. Both Hunter and a majority of the Board expressed concern that inflation expectations could become less anchored after such a prolonged period above target.

That combination, persistent inflation and the risk of expectations shifting, is what continues to underpin the RBA’s cautious stance.

However, where ANZ diverges from the RBA is on the outlook for activity.

The Board appears relatively comfortable with current spending patterns, effectively downplaying recent declines in business and consumer sentiment. It notes that sentiment has historically been only weakly correlated with actual spending, and that feedback from its liaison program has not yet pointed to a meaningful slowdown in consumption.

ANZ is less convinced.

The bank believes the link between household disposable income, sentiment and spending is more direct than the RBA is currently acknowledging. With inflation continuing to erode real incomes, ANZ expects household spending to soften more materially than the central bank is forecasting.

That divergence matters because it shifts the balance of risk.

If activity weakens more than expected, the trade-off between inflation and growth changes. In ANZ’s view, that would reduce the need for further tightening and reinforce the case for the RBA to remain on hold.

It also suggests that the current policy setting may already be doing more work than the Board fully appreciates.

The broader takeaway from ANZ’s interpretation is that the RBA is walking a narrow path.

On one side sits the risk of inflation remaining elevated for longer than expected. On the other is the growing pressure on households and the potential for a sharper slowdown in activity.

For now, the Board is choosing to wait.

But it is a pause that still carries an underlying tightening bias, rather than a clear pivot toward easing.

In practical terms, that leaves the cash rate anchored at 4.35 per cent for the foreseeable future, with the next move still uncertain.

For borrowers, it reinforces the reality that relief is not imminent.

And for the broader economy, it highlights the delicate balance the RBA is trying to strike, between bringing inflation back to target and avoiding an unnecessarily sharp slowdown in growth.

According to ANZ, it is a balance that is becoming increasingly difficult to maintain.

Joel Robinson

RBA to hold rates for "prolonged period" rather than hikes: ANZ

<a href="https://www.apartments.com.au/developers/venturecrowd-property-projects">VentureCrowd</a> is down to the final Canopy Villa release at Cumulus Grand Villas in Carrara, as construction continues on the 59-residence gated community positioned above 100 hectares of natural savanna on the Gold Coast.

The remaining Canopy Villa forms part of one of four collections within the <a href="https://www.apartments.com.au/architects/bda-architecture">BDA Architecture</a>-designed community and has attracted interest from buyers seeking larger-format homes that combine privacy, security and low-maintenance living. Positioned within a private cul-de-sac and facing a protected black she oak forest, the four-bedroom villa includes a large private outdoor area suited to pet owners and families wanting more flexible space.

<a href="https://www.apartments.com.au/new-townhouses/cumulus-grand-villas-carrara-17-baltimore-court-carrara-qld-4211">Cumulus Grand Villas</a>, located at 17 Baltimore Court, comprises a mix of three and four-bedroom villas across the Skyline, Canopy, Savanna and Broadview collections. Prices currently range from $1.455 million to $1.895 million, with the final Canopy Villa priced from $1.825 million.

[smartcode_project:default project_id=135663 project_image_fid=360477]

The Canopy Collection villas offer four bedrooms, 2.5 bathrooms and approximately 245 sqm of internal space, alongside double garages and landscaped private areas. Expansive glazing, open-plan living spaces and private balconies have been designed to maximise natural light and outlooks toward the surrounding savanna landscape.

Construction is now underway across the fully funded development, which VentureCrowd says has become an increasingly important consideration for buyers assessing off-the-plan opportunities on the Gold Coast. The project is being delivered by <a href="https://www.apartments.com.au/builders/devcon">Devcon Property Group</a>, which has operated in South East Queensland since 1993 and delivered more than 1,000 homes across the region.

VentureCrowd Director of Property David Whitting previously said the project responds to changing buyer priorities in the prestige Gold Coast market.

“Flexible floorplans have proven particularly relevant for purchasers aged between 40 and 65, including next home buyers, downsizers and investors,” Whitting said.

[smartcode_project:default project_id=135663 project_image_fid=360505]

The buyer profile at Cumulus has reflected that shift toward owner-occupier-driven demand. Stuart Towns and Tracey Loynes recently purchased a Canopy Villa, drawn to both the lifestyle offering and the flexibility the home provided for their next stage of living together.

The couple, who met three years ago, sold their Robina home earlier this year after identifying what they saw as strong long-term investment potential at Cumulus while remaining within the same Gold Coast market. The villa’s private backyard was a major drawcard for their dog Luna, while proximity to golf courses including Emerald Lakes also aligned with their lifestyle interests.

Beyond the residences themselves, the community has been planned around shared lifestyle and recreation amenities. The Infinity Terrace will include a 20-metre heated pool, barbecue facilities, alfresco dining spaces and elevated retreat areas overlooking the surrounding landscape. Walking trails, a private nature reserve, orchard and herb garden are also integrated into the masterplan.

[smartcode_project:default project_id=135663 project_image_fid=360473]

BDA Architecture Director Darren Greenaway said the design approach was heavily influenced by the site’s outlook and secluded setting.

The practice sought to create what Greenaway described as a “little piece of paradise,” drawing inspiration from the elevated views, surrounding greenery and quiet location.

<a href="https://www.apartments.com.au/developments/carrara-qld-4211">Carrara</a> continues to attract buyers seeking larger homes within proximity to the coast but without direct beachfront pricing. Cumulus sits within easy reach of Broadbeach, Pacific Fair, Robina Town Centre and the M1, providing connections north to Brisbane and south toward the Gold Coast Airport and northern New South Wales.

The first stage of Cumulus Grand Villas is targeting completion in 2026.

[smartcode_project_cta:default project_id=135663]

VentureCrowd nears sell-out of Canopy Collection at Cumulus Grand Villas in Carrara

Waverley Council has made a call that many councils have been reluctant to make publicly. Growth is coming, regardless of who controls it.

The release of the Bondi Junction Vision and Master Plan is less about whether the Eastern Suburbs’ primary centre will change, and more about how that change is shaped, funded, and ultimately experienced on the ground. Waverley Council has released a 100-page plan which is effectively the first comprehensive blueprint for Bondi Junction in over two decades, and in doing so, signals a clear shift in how councils are positioning themselves in the current planning environment.

For the past 18 months, the conversation across New South Wales has been dominated by the State Government’s Low and Mid-Rise Housing reforms and the emergence of the Housing Delivery Authority pathway. Both have created faster, more centralised avenues for development approvals, particularly in well-located, infrastructure-rich areas like Bondi Junction.

Waverley Council’s response has been to move early, and decisively.

Rather than react to individual proposals as they come through the HDA or broader State-led reforms, Council has sought to establish a clear, place-based framework that sets the terms for how Bondi Junction evolves. The underlying position is relatively straightforward: if densification is inevitable, it should be tied to infrastructure, public domain improvements, and a cohesive vision for the centre, not delivered piecemeal through ad hoc applications.

<img alt="bondi junction" data-entity-type="file" data-entity-uuid="7f1f729c-ed99-4c6c-bf87-ffbce6991941" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-19%20at%209.58.16%E2%80%AFAM.png?VersionId=ULX4OlXKjeJ5BvNCNGL86evgXCjCfMih" />

At its core, the document is attempting to reposition Bondi Junction from what it largely functions as today, a transport interchange anchored by a major retail centre, into something far more layered. The ambition is to transform it into what the plan describes as the “civic and cultural heart of Sydney’s East,” a place that is active beyond commuting hours and capable of supporting a broader mix of uses, experiences and communities.

That repositioning is built around four key ambitions.

The first is to create a true destination. Bondi Junction already attracts significant foot traffic, with more than 86,000 daily transport users and millions of annual retail visits, but much of that activity is transient. People pass through, rather than stay.

The Master Plan seeks to change that dynamic. It leans heavily into the idea of an “18-hour economy,” extending activity well beyond traditional retail hours through dining, cultural programming, events, and a more active night-time offering. This is not just about adding more hospitality venues, but about fundamentally shifting how the centre operates, from a daytime shopping destination to a place that functions across the full span of the day and into the evening.

Oxford Street Mall sits at the centre of that shift.

Long seen as underperforming relative to its potential, the Mall is identified as one of the key catalyst projects in the plan. It is to be reimagined as a day-to-night spine, combining retail, dining, wellness and cultural uses in a way that creates a continuous flow of activity. Outdoor dining, rooftop venues, laneway activation and a curated events program are all part of the strategy, alongside significant public domain upgrades that aim to improve comfort, safety and usability.

&nbsp;

The second ambition is to transform Bondi Junction into a world-class interchange.

Despite being one of the most heavily used transport nodes in Sydney, the current experience is fragmented. Connections between the station, Westfield, Oxford Street Mall and surrounding streets are often unclear, and major roads create physical barriers that disrupt pedestrian movement.

The Master Plan proposes a more seamless, people-focused network. That includes clearer pedestrian links, improved wayfinding, better integration between transport modes, and a rethinking of how arrival into the centre is experienced. The aim is to shift the perception of Bondi Junction from a place people move through, to a place they arrive in.

The third ambition focuses on greening and open space.

One of the more consistent pieces of community feedback throughout the Vision phase was the need for more greenery, better public spaces, and a more comfortable urban environment. Despite being surrounded by major parks, Bondi Junction itself has relatively limited accessible open space, with much of the public realm dominated by hard surfaces and traffic infrastructure.

The plan responds with a network of new and upgraded public spaces, increased tree canopy, and what it terms the “Parkline,” a green link connecting Waverley Park through to Centennial Park. This is not just about aesthetics. It is about addressing heat, improving liveability, and ensuring that increased density is matched by access to high-quality outdoor space.

The fourth ambition is perhaps the most important from a development perspective: growth that gives back.

Bondi Junction is already the primary location for new housing supply in the Waverley LGA, and that is expected to continue. The area carries a target of 2,400 new dwellings by 2029, with further growth projected beyond that as demand for well-located housing continues to rise. The Master Plan does not seek to limit that growth. Instead, it attempts to shape it.

New housing is to be concentrated around transport, with stepped building heights designed to protect the character of surrounding neighbourhoods. At the same time, the plan introduces a more explicit link between development uplift and public benefit. This is where value capture becomes central.

The document outlines a framework where increased development potential is tied to contributions that fund public domain improvements, community infrastructure, open space, and affordable housing. It is an approach that recognises that much of the transformation of Bondi Junction will be delivered by the private sector, but seeks to ensure that the benefits of that growth are shared more broadly. The Civic Precinct is a key part of that equation.

Leveraging Council-owned land, the plan proposes a consolidated civic and cultural hub centred around Ebley Street. This would include new community facilities, cultural spaces, and potentially a new Council Chambers, creating a focal point for civic life that currently does not exist in Bondi Junction at scale.

It is one of several catalyst projects identified in the Master Plan, alongside the Oxford Street Mall transformation. These projects are intended to anchor change, acting as early interventions that unlock broader investment across the precinct.

Importantly, the Master Plan is not just a design document. It includes a delivery framework that sets out how these ambitions are intended to be realised.

Council is explicit in acknowledging that it cannot deliver the transformation alone. Implementation will require coordination between State agencies, private developers, landowners and the community, with a mix of planning agreements, infrastructure contributions and direct delivery mechanisms used to fund and stage improvements over time.

The plan outlines a mix of short-term, medium-term and long-term actions, from immediate public domain upgrades and planning controls, through to larger-scale projects that will unfold over the next decade or more. In practical terms, the next 12 to 24 months will be the most important.

This is when the Master Plan will move through exhibition, refinement and eventual adoption. It is also the period in which Council will seek to embed the framework into its planning controls, giving it weight in the assessment of future development applications.

Council officers have indicated that once the Master Plan is in place, it could be used as a benchmark when assessing Housing Delivery Authority proposals, and potentially reduce the need for further HDA declarations within Bondi Junction. In effect, it is an attempt to bring planning control back to the local level, while still aligning with State housing targets.

That tension between State-led reform and local planning control is not unique to Waverley. It is playing out across Sydney.

&nbsp;

&nbsp;

&nbsp;

If delivered as intended, Bondi Junction will become denser, more active, and more complex. It will support more residents, more workers, and a wider range of uses, extending beyond its current retail core into a more layered urban environment.

“The civic and cultural heart of Sydney’s East”: Bondi Junction masterplan revealed

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.

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

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>

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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?

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This summer has earmarked a trend in Australians keen to invest in a holiday home to call their own.

“With the costs of renting a holiday home soaring thanks to huge local demand, combined with record-low interest rates, we’re experiencing a unique situation where it may actually be more cost-effective to buy rather than regularly rent a holiday home”, said David Hancock, senior financial planner at Montara Wealth.

In Victoria, the major coastal regional market of Geelong is seeing an increase in value. Geelong remained the most profitable regional coastal markets in the last CoreLogic pain and gain report, with 98.6 per cent of properties selling at a profit.

To assist in your search, Urban takes a look at six stunning coastal properties to consider in the Garden State. 
 

1. Vista Apartments, Highett 
Address: 9 Remington Drive, Highett VIC 3190 
Two-bedroom apartments from $699,500

[smartcode_project:default project_id=3303]

If you’re looking for a home in Melbourne’s coastal Bayside, look no further than Vista Apartments.

Combining 154 apartments designed to accommodate a modern lifestyle, Vista is the second stage of Hallmarc’s Kingston Park masterplanned community/

Addressing the need to express your individuality with the desire for connectivity is at the heart of this project’s design with open-plan living areas, rustic timber flooring, and a large breakfast bar for social dining and entertaining.

Exclusive, outdoor communal spaces allow residents to mingle with neighbours, and offer informal outdoor seating, manicured gardens and courtyard space.

Residents at Vista will have access to a heated swimming pool, fully-equipped gym and inspiring views that overlook the expansive parklands of Sir William Fry Reserve. 
 

2. Sandy Hill Penthouse, Sandringham 
Address: 222 Bay Road, Sandringham VIC 3191 
Three-bedroom penthouse from $1,950,000

[smartcode_project:default project_id=324]

With Melbourne’s best beaches at Half Moon Bay just two kilometres away, Blueprint Projects’ Sandy Hill Penthouse provides the ideal coastal getaway from busy city living.

Perched atop the ninth floor of the Master Builders Association award-winning complex, the three-bedroom penthouse European oak parquetry flooring, executive-quality study with integrated desk and triple-glazed window suites.

Designed by Watson Young Architects, the contemporary penthouses feature a fireplace, cocktail bar and bespoke kitchen.

Ideal for entertaining family and friends, the home includes a wrap-around terrace that boasts stunning views out to the bay, city and Dandenong Ranges.  
 

3. Avenue, Brighton East 
Address: 14 Gleniffer Avenue, Brighton East VIC 3187 
Three-bedroom townhouses from $2,290,000

[smartcode_project:default project_id=29935]

Less than five kilometres from Brighton Beach, Avenue townhomes provide something a little different for the coastal home lover.  

Delivered by Skelton and designed by innovative architecture practice ADDARC, Avenue engages with Japanese-influenced charred timber and production-grade zinc to create a moody and modern home.

The perfectly crafted three-bedroom townhomes feature expansive, light-filled living and dining, 4.4-metre-high cathedral ceilings, floor-to-ceiling windows and exceptionally appointed kitchens.

Beyond the home’s living areas, the development features a lush private garden designed by renowned Jack Merlo and a private garage for two or three cars will protect your cars from potentially harmful sea breezes. 
 

4. Ryrie Home, Geelong 
Address: 44 Ryrie Street, Geelong VIC 3220 
One-bedroom apartments from $375,000

[smartcode_project:default project_id=5559]

Ryrie Homes is perfect for residents who desire to make the best of Australia’s fastest-growing regional city whilst still enjoying a peaceful coastal lifestyle.

Delivered by Franzé, the project puts the focus on what really matters, and joy in the simplest pleasures.

Each apartment has been cleverly designed to deliver great amenity, comfort and abundant storage, with timber flooring, beautiful finishes and quality fixtures.

Designed by Architectus, Ryrie enjoys panoramic bay views and alfresco dining for year-round holiday living.

With the foreshore, 500m north and the CBD, 500m east—as well as parks, theatres, galleries, cafés and restaurants all within walking distance—Ryrie Home offers a level of culture and connection unmatched in Geelong. 
 

5. Awaken, Brighton 
Address: 30-32 Roding Street, Brighton VIC 3186 
Two-bedroom apartments from $1,150,000

[smartcode_project:default project_id=30087]

Located a six-minute drive from Brighton Beach, and nearby Sandringham Yacht Club and the Royal Melbourne Golf Club, Awaken provides unmatched leisure amenities, perfect as a holiday home or holiday-style living.

Delivered by SKELTLON, the collection of 13 townhomes are designed by celebrated Melbourne architect, Travis Walton, with landscaping by ACRE.

In summer, push open the full-width doors and enjoy your spacious outdoor courtyard, with plenty of space for alfresco dining or relaxing with a good book amongst the verdant greenery.

The development boasts meticulous detail and contemporary design. It includes natural oak timber flooring, full wall storage, a stunning statement fireplace and lush, cascading greenery. 
 

6. Sixth Avenue, Chelsea Heights 
Address: 15 Sixth Avenue, Chelsea Heights VIC 3196 
Two-bedroom townhouses from $599,000

[smartcode_project:default project_id=32136]

Realise your bayside dream with exceptional coastal living at Sixth Avenue in sought-after Chelsea Heights.

The 59-townhouse development, delivered by Aultun Group, provides the ideal Melbourne Bayside abode with an endless array of retail, dining and recreational amenities, as well as two-storey designs and expansive private courtyards.

Designed by Point Architect, the homes boast sleek interchanging façades that blend soft greys with rich earthy tones.

The contemporary townhomes deliver space and function, with light-filled interiors, elegant bedroom retreats and a gourmet kitchen.
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Urban takes a look at six stunning coastal properties to consider in the Garden State

max.kwok_55688

More than just the Garden State: Check out six of the best coastal developments across Victoria

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A collection of 54 terrace homes, dubbed the Dawn Edition, have hit the market.

The $30 million development, a collaboration between Villawood Properties and Azure Development, is part of the wider $500 million community The Surrounds.

The three and four bedroom terraces will each have two bathrooms, two car spaces and their own private courtyards.

[smartcode_project:default project_id=93418]

The terraces start from $499,900. There are four floorplans on offer, ranging in size from 171 to 301 sqm.

Residents of the gated community will have access to 23 hectares of open spaces and parks designed for outdoor play, sports, and time with the family.

<img alt="" height="1001" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/the_dawn_edition_helensvale_3.jpg" width="1200">

The terraces are located right near the $4 million leisure centre which has a heated lap pool, a fully equipped gym, private multi-purpose room, change facilities and a cafe.

Azure Development director Trent Keirnan said they have designed each terrace to be built for life, from their minimalistic exteriors to stylish entryways and spacious interiors.

Villawood Properties state development manager Michael Williams said the convenient location, appealing designs and affordable pricing of the terrace homes would appeal to a range of buyers looking to get their foot on the Gold Coast property ladder.

“Every one of these homes has been designed from the ground up with the modern buyer in mind,” Mr Williams said.

“They are high-quality and low maintenance, which makes them ideal for a range of buyers including busy families, young couples and retirees.

“The terraces further compliment the unique offering we have here at The Surrounds and are an ideal solution for buyers either looking to upsize from an apartment or downsize from a big home.”

The project is located within five minutes’ walk to the Westfield Helensvale and Helensvale Train Station with easy access to the Northern Gold Coast beaches via the pacific Motorway.
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The three and four bedroom terraces will each have two bathrooms, two car spaces and their own private courtyards.


Dawn Edition terraces launched as part of Helensvale's $500 million The Surrounds community

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The Gold Coast's Main Beach is set for a new 24 level apartment tower.

Gallagher Property Group, led by New Zealander Dean Gallagher, have secured approval for the apartment tower at 16 Hughes Avenue.

Plus Architecture have designed the building which will comprise 42 three bedroom apartments and two four bedroom apartments spanning the top two levels.

"Our team was inspired by the nature surrounding the Gold Coast including the flora, and land forms," the submission to the Gold Coast City Council from Plus Architecture read.

"By combining the local native tree forms with the fluid forms of the ocean, we’ve created a series of residences protected by curved canopies formed out of linear battens creating both privacy but also screening to the Wester sun while creating visual interest, exaggerating the horizontal ocean views, and allowing for the light an shadow to come into the units in a variety of interesting ways through out the day.

<img alt="" height="787" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/hughes_avenue_main_beeach_2.jpg" width="620">

"These canopy forms rest on a solid rock base made of horizontal bricks."

The development will sit in landscaping by Shepherd Urban Landscape Architecture.

Level one will home the resident amenities, which include a spa and spa deck, sauna, lap pool, barbecue area, residents lounge, gym and a yoga space. There will be three levels of basement parking.

The impressive sub penthouse and penthouse will each have four bedrooms, a home office and a self-contained area and span the whole floor of the 23rd and 24th level.

The penthouse will feature its own rooftop terrace complete with private gym, kitchen and wine storage, dining area, fire-pit and day beds as well as a pool.

Gallagher's investment vehicles paid $6.8 million for the 1,062 sqm Hughes Ave site late last year. On the property was a block of five apartments and a single level cottage. 
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Gallagher Property Group, led by New Zealander Dean Gallagher, have secured approval for the apartment tower at 16 Hughes Avenue.

Take a look at Main Beach's newest apartment tower

The luxury developer Gurner has signed off on the completion of their luxury Prahran developer Hawksburn Place Residences.

The apartment block of 22, a collaborative effort between Cox Architecture, David Hicks and landscape architect Paul Bangay, set suburb price records when it launched to the market in 2018.

Tim Gurner says the project was inspired by his many stays at the 5-star hotel JK Place Roma in Italy, which he says blew him away.

&quot;Hawksburn Place Residences is a testament to opulent, modern living,&quot; Gurner says.

<img alt="" height="881" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/gurner_penthouse_italy_wall_0.jpg" width="1200" /> 
Photo credit: Mark Roper

In 2018, a local downsizing couple bought the whole top floor&nbsp;as an empty shell&nbsp;and fully customised it, with the help of&nbsp;Tim Gurner himself, along with interior designer David&nbsp;Hicks. They created&nbsp;an&nbsp;805 sqm space, comprising 345 sqm of internal area and another 461 sqm of external terracing.

The apartment has three bedrooms, three bathrooms, a private library, retreat, a six car garage and its&nbsp;own 12.5 metre rooftop pool with CBD views.

<img alt="" height="700" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/gurner_penthouse_pool.jpg" width="1200" /> 
Photo credit: Mark Roper 
 
Carrara, Calacatta Oro, Nero Marquina marble and black granite stone was used throughout to create a moody, dark, rich interior palette.

&ldquo;Personal customisations for purchases is an incredibly difficult process to manage and thankfully after it being the fourth job our amazing design team has handled we were able to offer something truly different to our clients and the journey for all involved was incredible,&quot; Gurner says. 
 
&ldquo;When Joan and Wes first approached us, we didn&rsquo;t yet have any finishes or designs ready to present,&quot; Gurner recalled.&nbsp;&quot;They entrusted us to deliver on their vision and create their dream home, and we didn&rsquo;t disappoint. I remember it like it was yesterday.&rdquo;

&ldquo;Every room, every material, every piece of marble chosen reflects their specific tastes - it&rsquo;s very rare that a penthouse can be customised like this to the smallest degree.&rdquo; 
<img alt="" height="881" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/gurner_penthouse_kitchen.jpg" width="1200" /> 
Photo credit: Mark Roper 
 
The apartment features coffered LED ceilings, private dual lifts, and a custom designed stone shower seat complete with LED lighting. There&#39;s custom designed cabinetry to showcase the owners&rsquo; extensive collection of antiques and art.

&ldquo;The antiques speak for themselves so we provided a dramatic backdrop for them to sit seamlessly,&quot; the penthouse interior designer David Hicks says.&nbsp;

<img alt="" height="904" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/gurner_penthouse_tv.jpg" width="1200" /> 
Photo credit: Mark Roper

&quot;Introducing specific places for each piece with strategic lighting was also key.&rdquo;

&ldquo;The apartment occupies the entire top floor of the building with 360-degree glazing, so a darker interior really suited the space. It has allowed some warmth and respite from the sun.&rdquo;

<h2>Melbourne properties selling now:&nbsp;</h2>

[smartcode_project:default project_id=3565]

[smartcode_project:default project_id=27728]

[smartcode_project:default project_id=32136]

The luxury developer Gurner has signed off on the completion of their luxury Prahran developer Hawksburn Place Residences.



Gurner completes Prahran's Hawksburn Place Residences: Urban takes a look at the custom penthouse

Set to transform Doncaster&rsquo;s Eastern Golf Course into a modern residential development, Tullamore is the latest project in Mirvac&rsquo;s residential portfolio.

Set over 47 hectares, the development will deliver approximately 800 dwellings, including a mix of townhouses, free-standing homes, vacant land allotments and apartments.

Tullamore Homes will deliver four and five-bedroom houses ideal for families of all sizes, with stylish colour palettes and functional open spaces.

&ldquo;Each home will be an individual statement for the owner, as well as integrate with adjacent dwellings to form a complementary and harmonious streetscape&rdquo;, the project marketing reads.

[smartcode_project:default project_id=22803]

Lofty, open-plan living and beautifully appointed features are enhanced by the various on-site amenities that Tullamore offers.

Urban takes a look at five of the on-site amenities at Tullamore by Mirvac. 
&nbsp;

1. Open green spaces

[smartcode_project:default project_id=22803 project_image_fid=53579]

According to Mirvac, the vision for the residential neighbourhood is defined by lush landscape, open parklands and walking trails.

The development is extremely walkable with over 20 per cent of the site dedicated to green space and trails. A shard path that is central to the development links the Doncaster Road entrance to the Burgundy Reserve park.

As well as providing beautiful walking environments, a large nature reserve will be retained to protect the homes of local Rosellas and other birdlife. 
&nbsp;

2. Next Gen Health and Lifestyle Club

[smartcode_project:default project_id=22803 project_image_fid=90792]

Opening in mid-2021, a luxury members-only health and lifestyle club will transform the Eastern Golf Course homestead into an inner-city country club.

Partnering with Next Gen Health and Lifestyle Clubs, Mirvac offers residents with a range of health, fitness and lifestyle amenities including a full suite of studio classes, four tennis courts, a members&rsquo; lounge, resort-style indoor and outdoor pools, a spa retreat and a caf&eacute;. 
&nbsp;

3. Three outdoor parks

Tullamore residents will 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. 
&nbsp;

4. Sustainable design initiatives

[smartcode_project:default project_id=22803 project_image_fid=90744]

Mirvac, who is striving for a net-positive portfolio by 2030, delivers various sustainable design initiatives, matching the <a href="/expert-insights/investing/importance-of-environmental-credentials-grows-for-property-investors-savills" target="_blank">growing importance of environmental credentials for property investors</a>.&nbsp;

These environmentally-conscious features include a six-star energy rating, solar gas-boosted hot water service, recycled water connections and five-star WELS tapware to bathrooms. 
&nbsp;

5. Barbecue facilities

Tullamore parks are also equipped with complimentary, electric barbecque facilities.

Residents can enjoy time with their family and friends in one of the many barbecue spots across the Tullamore site.

&nbsp;

[smartcode_project_cta: project_id=22803]

Lofty, open-plan living and beautifully appointed features are enhanced by the various on-site amenities that Tullamore offers

Why families won't have to leave Mirvac's Doncaster development Tullamore Homes

Seafarers offers a boutique collection of 123 sublimely crafted one, two and three-bedroom residences.

Delivered by Riverlee, the development heralds a new era in luxury inner-city living in Melbourne&rsquo;s Yarra River.

Urban takes a look at seven things you need to know about buying a home at the Seafarers development.

[smartcode_project:default project_id=27728]

1. Rich, unique history

Paying homage to the site&rsquo;s unique industrial past, Seafarer&rsquo;s celebrates the enthralling history of the Yarra River and the Port of Melbourne.

Centred on the inspired reimagining of the heritage-protected Goods Shed 5, the project promises to preserve the only intact remnants from the days before containerisation.

This involves extensive public works including the refurbishment of the wharf and restoration of the Malcolm Moore electric crane, under the stewardship of Riverlee. 
&nbsp;

2. Integrated residence and hotel

Partnering with Australia&rsquo;s first 1 Hotel, Seafarers offers an integration of residences and hotel that provides residents with exclusive access to the hotel&rsquo;s luxury amenities, management and services.

Resident privileges include eco-conscious housekeeping and linen services, personal shopping services, babysitting, private catering and a 24-hour concierge. 
&nbsp;

3. Architectural design

<a href="/new-apartments/seafarers-docklands-731-flinders-street-docklands"><img alt="" height="1200" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/seafarers-731-flinders-street-docklands-3846244afd3c9eecdbaf384e9856ede4.jpg" width="1600" /></a>

Designed by Fender Katsalidis, the striking building&rsquo;s geometric fa&ccedil;ade is inspired by the movement and reflections present in the Yarra River, as well as the project&rsquo;s industrial history.

&ldquo;The site&rsquo;s heritage components are what make it so special,&rdquo; said Fender Katsalidis&rsquo; Karl Fender. &ldquo;We wanted to represent them respectfully but in a new light.&rdquo;

The project&rsquo;s tripartite layering and rectilinear forms create a striking urban presence. 
&nbsp;

4. Expansive residences

<a href="/new-apartments/seafarers-docklands-731-flinders-street-docklands"><img alt="" height="2100" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/seafarers-731-flinders-street-docklands-bd91db8f1683a90f935eab10cb48fd13.jpg" width="5000" /></a>

Boasting uniquely large floorplans, Seafarers&rsquo; residences are situated on levels nine to 18 of the building.

The interiors, designed by award-winning CARR, maximise natural light, external views and space, with natural stones, reflective surfaces and concealed doors.

Other features include integrated joinery, open-plan layouts and quality finishes. 
&nbsp;

5. World-class amenities

<a href="/new-apartments/seafarers-docklands-731-flinders-street-docklands"><img alt="" height="1080" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/seafarers-731-flinders-street-docklands-6c3d56e26cf81934aaa9b0a21a959050.jpg" width="1920" /></a>

Seafarers provides countless amenities to its residents within an indoor heated pool, jacuzzi, sauna and steam room, full-service fitness centre and spa.

To complement the convenience of hotel luxuries, a further suite of amenities is reserved for the private enjoyment of residents, including dining rooms, lounge, library and the lush surrounds of Seafarers&rsquo; elevated outdoor garden, Riverview Terrace.

Providing the ultimate walking neighbourhood, the precinct will also benefit from 3,500sqm of new riverfront parkland at Seafarers Rest. 
&nbsp;

6. Snaidero kitchen

<a href="/new-apartments/seafarers-docklands-731-flinders-street-docklands"><img alt="" height="3000" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/seafarers-731-flinders-street-docklands-906dabad6771ae17e75be7a39b3a18d2.jpg" width="5000" /></a>

Heralding a new era of luxury living, each kitchen within the complex will feature porcelain fronted joinery designed and crafted by the luxury Italian kitchen designer, Snaidero.

Purpose-built as the &lsquo;heart of the home&rsquo;, each kitchen will utilise low emission panels, water-based lacquers and energy-efficient technologies, with the option to integrate a PITT Cooking burner system into the countertop. 
&nbsp;

7. Riverfront setting

Situated on 220-metres of uninterrupted riverfront, residents benefit from sweeping views from the Yarra to Port Phillip Bay at Docklands&rsquo; Seafarers.

Set amongst Melbourne&rsquo;s most diverse neighbourhood, Seafarers boasts close access to the waterside caf&eacute;s, restaurants and bars at South Wharf Promenade, as well as the laneways, arcades and grand boulevards of the nearby Melbourne CBD.

Prices at Seafarers begin from $825,000 for a one-bedroom apartment and from $2.46 million for a three-bedroom apartment.

The development is expected to reach completion in late 2023.

Delivered by Riverlee, the development heralds a new era in luxury inner-city living at Melbourne’s Yarra River

Everything you need to know about buying a home at the Seafarers development

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NAB has today announced cuts to fixed home loan rates with decreases of up to -0.55% for owner occupied and up to -0.15% for investment loans.

Today’s cuts position NAB’s owner occupier 3-year fixed principal and interest package rate of 1.98% (3.83% comparison rate) ahead of the other major banks’ rates for the same term.

Canstar analysis reveals that moving from the average variable rate of 3.28% to a 3-year fixed rate of 1.98% could see an owner occupier paying principal and interest on a $400,000 home loan slash their repayments by $273 each month or $9,828 over three years. However, moving to the lowest 3-year fixed rate in the market of 1.75% (comparison rate 2.22%) from NAB’s subsidiary bank, Ubank would cut repayments by $318 per month. 

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Canstar Group Executive, Financial Services, Steve Mickenbecker says the move shows NAB is competing for new business by taking advantage of low cost funding.

“Interest rates continue on their downward path for homeowners and investors. NAB’s 11 basis point cut to its three year fixed rate for homeowners means that it has undercut the rates of competitors to deliver the lowest interest rate of the major banks for this popular fixed term.”

“Low cost funding has made fixed rates the playground for the big banks and while the Reserve Bank term funding facility remains available, the great deals should stay strong. Mid-year could see a small upward adjustment when the term funding is expected to be fully allocated and expire."

“It’s a great time to be thinking about fixing a rate when you can lock in for three or four years with an interest rate below 2%. Today’s move from NAB suggests competition at the low interest rate end of the market will be with us for a little longer,” Mr Mickenbecker concluded.

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Today’s cuts position NAB’s owner occupier 3-year fixed principal and interest package rate of 1.98% ahead of the other major banks’ rates for the same term

jordan_55689

NAB cuts fixed rates by up to -0.55%

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There’s a new town centre set to be constructed in Sydney’s thriving north-west.

The Minister for Planning and Public Spaces Rob Stokes announced the new town centre will change the face of The Hills Showground area.

“This exciting new development in the heart of The Hills will create homes, jobs and outstanding public spaces on the doorstep of a Metro station,” Mr Stokes said.

“It will offer a diversity of housing for people with different lifestyles and open space that will include a park and plaza.

The development will also inject $995 million into the economy while creating 1,920 construction jobs and 674 operational jobs.

The plans include up to 1,620 new homes and more than 13,000 square metres of commercial floor space.

There will be at least five per cent affordable housing for a minimum of 10 years.

Following consultations the plans reduced the total of new homes from 1,900 to 1,620.

The development will include nine building envelopes, ranging in height from three to 21 storeys.

The NSW Government and Federal Government will jointly fund upgrades to intersections of Showground Road with Carrington Road and De Clambe Drive, Castle Hill.
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The Minister for Planning and Public Spaces Rob Stokes announced the new town centre will change the face of The Hills Showground area

jchancellor

New town centre set for The Hills in Sydney's North-West

Just two apartments remain for sale in Maison, the off the plan New Farm, Brisbane apartment.

It is a collaboration between Graya, Frank Developments and Joe Adsett Architects at 60 Moray Street.

[smartcode_project:default project_id=25179]

Each of the four-bedroom residences come with direct lift access.

All have been created for entertaining, with deep outdoor balconies and terraces that capture city, river and New Farm views with floor-to-ceiling glass.

There is a private rooftop retreat along with swimming pools, BBQ areas and relaxation zones.

Level 1 and 2 skyhomes are the ones still available through Ray White New Farm agents Matt Lancashire and Josh Brown.

The level 1 and 2 skyhomes are the ones still available through Ray White New Farm agents Matt Lancashire and Josh Brown

Last two apartments for sale in off the plan New Farm development Maison

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Several apartment complex opportunities have been listed around Bondi.

There is a block of eight units, known as 48 Roscoe Street, Bondi Beach (pictured below) to be sold in one line on February 23 through Sotheby’s.

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A whole strata block of four on Bondi North’s Ben Buckler peninsula was listed last month. Each semi style unit at 138 Hastings Parade comprises two bedrooms plus study, plus outdoor area.

Its marketing was through Raine &amp; Horne Double Bay agents Ric Serrao and Dion Markovics. 

There are plans for an additional level penthouse.

Serrao also has a former block of four apartments listed on O’Brien Street (pictured in title). It has been a synagogue with upstairs accommodation.

It has been listed in conjunction with Metro Commercial.
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Several apartment complex opportunities have been listed around Bondi including a former block of four apartments listed on O’Brien Street

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