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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Meriton is renowned for its attention to detail, innovative design and finishes of the highest standard. Every Meriton residence is built for a lifetime of comfort. The Retreat is no exception. Timeless design and functional layouts deliver both enduring beauty and a practical sense of home. Outlooks are spectacular.

<figure><a href="/buildings/the-retreat-celeste-9-13-carter-street-lidcombe"><img alt="" class="image-article_full_width_580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/the-retreat-11-carter-street-lidcombe-9fdeecae7f73ce198501e25b9bf588a9.jpg?itok=p1tyLnlJ" style="width: 580px; height: 242px;"></a></figure>The Retreat is Sydney’s most iconic resort-style master planned community centrally located in the corridor between Sydney CBD and Parramatta CBD, one of Australia’s fastest growing cities. A sculptural and significant green landmark next door to the rapidly evolving lifestyle hub of Sydney Olympic Park, a vibrant destination for cultural, entertainment, recreation and sporting events.

Meriton’s vision was to create two seamless, curved towers, rising 22 levels, which capture the spectacular panoramas.

<figure><a href="/buildings/the-retreat-celeste-9-13-carter-street-lidcombe"><img alt="" class="image-article_full_width_580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/the-retreat-11-carter-street-lidcombe-a232dbc7dd698a6aaaca781989d0a631_0.jpg?itok=coOdErNF" style="width: 580px; height: 242px;"></a></figure>Neutral palettes and textures bring a timeless warmth to the bedrooms, drawing inspiration from the elements of nature. Conceived as a peaceful sanctuary, generous walk-in or built-in robes and plush carpeted floors ensure your comfort is paramount.

From your luxury residence, stroll to your Sydney Olympic Park neighbourhood, one of the liveliest and fastest growing precincts in the city. This is Sydney’s premier destination for major national and international events and entertainment. Visitors flock here from all over the world to enjoy live events at its numerous world-class stadiums and showgrounds. 

<figure><a href="/buildings/the-retreat-celeste-9-13-carter-street-lidcombe"><img alt="" class="image-article_full_width_580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/the-retreat-11-carter-street-lidcombe-211482958c6def9cdade2c14970effaf.jpg?itok=CjV3FUwQ" style="width: 580px; height: 242px;"></a></figure>Start the day with a jog through Sydney Olympic Parklands or cycle the picturesque trails that run for kilometres around your home. The globally renowned precinct’s multiple leisure facilities such as its first-rate aquatic centre, tennis centre and adventure parks, offer something for all the family.

<figure><a href="/buildings/the-retreat-celeste-9-13-carter-street-lidcombe"><img alt="" class="image-article_full_width_580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/the-retreat-11-carter-street-lidcombe-9aa0fbc92ed614cfcdd70d6c6320250e.jpg?itok=ZUqkbDQN" style="width: 580px; height: 242px;"></a></figure>
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urban.com.au

Renowned for their attention to detail, Meriton delivers excellence in new apartment development

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With the abundance that Penrith has to offer, there's no question why this vibrant suburb is such a sought-after place to live, work and play. When it comes to modern life, this apartment delivers on every level.

<ul>
<li>Top floor position allows for expansive mountain views</li>
	<li>Kitchen with stone benchtops, European appliances</li>
	<li>Beautifully tiled bathroom and LED lighting under wall cabinet</li>
	<li>Secure basement parking and storage cage</li>
	<li>Security complex and pet-friendly body corporate</li>
	<li>Large glass sliding doors for great indoor/outdoor entertaining</li>
</ul>
<figure><a class="colorbox colorbox-insert-image" href="/buildings/1-39-lord-sheffield-circuit-penrith?utm_source=sms&amp;utm_medium=sms" rel="gallery-all"><img alt="" class="image-article-full-width-580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/1-39-lord-sheffield-circuit-penrith-f44a060b66506b421e768e49dc44b5b6.jpeg?itok=esYknuK1" style="width: 580px; height: 331px;"></a></figure>At your doorstep is a wonderful community park which includes playground areas and BBQ facilities that the whole family can enjoy. Directly adjacent to the train station with express trains taking only 23 minutes to Parramatta, and 49 minutes to the Sydney CBD, this is an exceptional opportunity for both investor and home occupier with promising capital growth.
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Penrith welcomes newest apartment building, recently completed and ready to move in

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Doveton sits at the gateway of Victoria’s holiday territory. You can reach the Dandenong Ranges, as easily as the Mornington Peninsula. It is a place where things start to feel a little more serene, thanks to an encompassment of pristine bushlands, reserves, and waterways. Residents are part of something more than just a suburb – Doveton is fuelled by a strong sense of community. Start afresh in luxury and live at the centre of modern conveniences without having to compromise your love for natural beauty. Experience effortless belonging, and carve out a great life at Kinsfolk.

<figure><img alt="" class="image-article-full-width-580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/kinsfolk-townhouses-27-47-photinia-street-doveton-d559b35f621fa20523d0649101dc3814.jpg?itok=ZJbCZ6nv" style="width: 580px; height: 312px;"></figure>With a collection of 3 &amp; 4 bedroom townhouses available, Kinsfolk is a visionary development that presents future homeowners with an invaluable opportunity to establish a new life in modern comfort surrounded by reserves and parkland. Kinsfolk townhouses are complimented with considered landscaping, honouring the verdant topography of its surrounds. Reserve areas are made up of an exquisite assortment of native trees and plants to enhance the village feel that makes up Kinsfolk.

<figure><img alt="" class="image-article-full-width-580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/kinsfolk-townhouses-27-47-photinia-street-doveton-1c7375e8c78d1f3ff7f1c80d22b29eb1.jpg?itok=m4nDc8yt" style="width: 580px; height: 435px;"></figure>A timeless design response to common areas is achieved through the meticulous selection of plants, materials, and furniture elements, all longevous in their style and approach. Each corner of Kinsfolk occupancy, from the reserve areas to each townhouse's parking landscape, has been treated with care and in pursuit of creating harmonious surroundings. The inclusion of small-medium canopy trees will consummate with the scale of streetscapes, while indigenous plants hold the potential to thrive over time.

<figure><img alt="" class="image-article-full-width-580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/kinsfolk-townhouses-27-47-photinia-street-doveton-0372fe9da513997b8b06e0aaa5d778a8.jpg?itok=yxLTpYIg" style="width: 580px; height: 435px;"></figure>Gums and ironbarks line Kinsfolk access roads; oaks and bottlebrushes are found inside the perimeter of the development. Paved thresholds at key nodes and intersections are implemented to signify pedestrian crossing points while working to slow traffic and enhance Kinsfolk communal energy. Spacious grass areas make for top spots for younger residents to play, as paths weave among them to encourage outdoor living.

<figure><img alt="" class="image-article-full-width-580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/kinsfolk-townhouses-27-47-photinia-street-doveton-e4f25628c2a22f644b6b6929e2c349c9.jpg?itok=SQFJFNNS" style="width: 580px; height: 435px;"></figure>Kinsfolk is ideally located only minutes to Dandenong shopping and business precinct and within close proximity to schools and numerous public transport options including access to both the Monash Freeway and Princess Highway

<ul>
<li>Prestigious, contemporary and instinctively private.</li>
	<li>World-class townhouses set in serenity.</li>
	<li>An enviable location, close to everything you need.</li>
</ul>
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Establish a new life in modern comfort surrounded by reserves and parkland in Doveton at Kinsfolk Townhouses

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107 Darling Road is a boutique development of only 9 townhomes. They all feature quality fittings and fixtures and generously sized floorplans. Outdoor space is plentiful with each home featuring larges terraces as well as balconies, perfect for entertaining. Inspired by Malvern’s leafy green streets and a contemporary take on the area’s elegant homes, 107 Darling townhouses are a celebration of light and space.

Each townhouse features lofty ceilings, natural timber flourishes, and full height glass doors to seamlessly connect expansive living spaces and open-plan kitchens to large private terraces and courtyards. Spacious, luxe master suites with balconies are retreats within the home.

Fully complete and ready for moving day, every practicality has been integrated into the home. Landscaped gardens shield private entrances, while exclusive lift access connects basement car parking and storage options to each residence. A stone’s throw from boutique cafes, neighbourhood eateries and retail options, 107 Darling also conveniently connects to the city via train and tram. With Melbourne’s premier schools in close proximity and green parklands for endless leisure activities, it’s the address that has everything.

107 Darling Road is a boutique development of only 9 townhomes. They all feature quality fittings and fixtures and generously sized floorplans. Key features include:

<ul>
<li>2 &amp; 3 Bedrooms</li>
	<li>Quality throughout</li>
	<li>Private Lifts</li>
	<li>Large Terraces and Courtyards</li>
	<li>Basement Parking</li>
</ul>
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107 Darling townhouses are a celebration of light and space in Malvern East

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The latest announced building in Yeronga's luxury Renovaré development, Venusto, has now hit the market, and is eligible for the $15,000 Homebuilder's Grant.

Developed by Gardner Vaughan Group, the third stage of the wider project comprises 33 apartments made up of one, two, three and four bedroom units.

Renovaré has achieved a five-leaf rating of sustainability from The Urban Development Institute of Australia (UDIA) which highlights the features and positive impact on the environment and community.

[smartcode_project:default project_id=7781]

Choose from a range of functional floorplans with a variety of different aspects. Residents will enjoy the stunning central recreation area with heated pool, lush green space, community herb garden, and entertaining facilities with dual BBQ’s, perfect for entertaining family and friends, or mingling with your new friendly neighbours.

Renovaré is the new oasis for people seeking a tranquil and nurturing lifestyle. This stunning new eco-friendly development adjoins the beautiful Fehlberg Park in the desirable suburb of Yeronga.

<figure><a class="colorbox colorbox-insert-image" href="/new-apartments/venusto-172-venner-road-yeronga" rel="gallery-all"><img alt="" class="image-article-full-width-580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/renovare-yeronga-174-venner-road-yeronga-a91b9dca3eed16ddc4aee90d7c7385d6.jpg?itok=m3H3uovl" style="width: 580px; height: 387px;"></a></figure>Renovaré's five architecturally inspired buildings surround a secluded central pool and recreation area, while perfectly blending in with the surrounding parkland. 

Yeronga is Brisbane's secret sanctuary and one of the most accessible suburbs in the city with The University of Queensland a short 12 minute bike ride from your front doorstep, an 8 minute walk to Yeronga Village Shopping Centre for all your everyday necessities, Yeronga Train Station, the major Indooroopilly Shopping Centre and all of Brisbane's largest hospitals in under a 15 minute drive, culminating the perfect location.

 
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$15k HomeBuilder savings at Renovaré Yeronga's third stage, Venusto

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Midnight is an urban oasis that never sleeps. Moody, seductive and always surprising.

Comprising 250 apartments and a 199-room hotel, Midnight features a selection of new studio, 1, 2 and 3-bedroom apartments and the rare opportunity to call a top-floor private penthouse with rooftop terrace, home.

<figure><a class="colorbox colorbox-insert-image" href="/buildings/midnight-1-elouera-street-braddon" rel="gallery-all"><img alt="" class="image-article-full-width-580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/midnight-92-northbourne-avenue-braddon-f05814226421017bcccf71d757ef31e8.jpg?itok=gSvn9IiJ" style="width: 580px; height: 435px;"></a></figure>The residence’s exterior facades deliver two rich facets of modern Canberra seamlessly in one extraordinary design. Located within Braddon, Midnight exudes the same intoxicating creative energy of the iconic Lonsdale Street, with a creative facade standing bold against the streetscape.

With an exclusive lounge and executive area for penthouse residents, double glazing, SMEG appliances and state-of-the-art offerings, Midnight puts you within moments of every imaginable amenity.

1-minute walk to Lonsdale Street cafes and Braddon bars and restaurants.

5-minute walk to the Canberra CBD

<figure><a class="colorbox colorbox-insert-image" href="/buildings/midnight-1-elouera-street-braddon" rel="gallery-all"><img alt="" class="image-article-full-width-580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/midnight-92-northbourne-avenue-braddon-257160addc05137c730b2bfb1f49cd31.jpg?itok=JsQv-RAu" style="width: 580px; height: 435px;"></a></figure>Sharing amenities with a separate 199-room Midnight Hotel, the residences include a public restaurant and bar, gym and changing facilities. 

Other features include private cabanas and outdoor kitchen facilities overlooking a 25-metre lap pool with a cascading waterfall into reflection ponds. 

With an exclusive lounge and executive area for penthouse residents, SMEG appliances and state-of-the-art offerings, Midnight puts you within moments of every imaginable amenity. Located directly adjacent to the Elouera Street light rail stop, Midnight connects you to all that contemporary Canberra has to offer.

<figure><a class="colorbox colorbox-insert-image" href="/buildings/midnight-1-elouera-street-braddon" rel="gallery-all"><img alt="" class="image-article-full-width-580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/midnight-92-northbourne-avenue-braddon-925b918fc7aed9071e6aef0b35e552fd.jpg?itok=AqpRj9DV" style="width: 580px; height: 435px;"></a></figure>Midnight comprises 250 beautifully appointed studio, 1, 2, and 3-bedroom residences. 

One-bedroom, one-bathroom, 61sqm residences featuring private car space; 

Two-bedroom, two-bathroom, 71-108sqm residences premium finishes and extensive joinery plus fully integrated SMEG appliances;

Penthouse residences offering rooftop terraces and exclusive executive area;

Resident facilities include a 25-metre lap pool, outdoor entertaining areas, and a state of the art gym with change room facilities.

Living minutes from Braddon’s iconic Lonsdale Street, light rail stops, and Canberra’s CBD, Midnight presents a unique possibility for Canberra homebuyers and investors.  
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Find the new standard for luxurious living in Braddon at Midnight

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EXPERT OBSERVER

For the past 3-4 years, many pundits have forecast that “this year” is the year for Brisbane and the city has not delivered. It has chugged along steadily but there’s been little in the way of major uplift.

But now the Brisbane boom is upon us. Hotspotting research for the upcoming Autumn 2021 edition of The Price Predictor Index shows just how strong markets are across the Greater Brisbane Area.

The number of growth markets in the Greater Brisbane Area has quadrupled since mid-2020, creating the strongest market in the six years of our quarterly surveys. The uplift in sales activity in the past six months has been extraordinary.

[smartcode_project:default project_id=90553]

Our new survey has identified 124 suburbs with rising sales activity, compared to 56 in the previous survey and just 28 in the mid-2020 survey. This means the number of growth suburbs doubled in six months and then doubled again within three months.

The previous best result in the six years of our quarterly surveys was 80 growth suburbs six years ago at the start of 2015.

At the same time, the number of plateau markets is the lowest ever, while the number of declining or danger markets has dropped from 37 eighteen months ago to just five now (we continue to classify some of the inner-city apartment markets as danger markets, with vacancies still high there).

The northern precincts continue to be market leaders in Brisbane. The Brisbane-north precinct and the Moreton Bay Region jointly have 51 growth suburbs, including 31 in the Moreton Bay region, which is a record to any LGA across Australia in the six years of these surveys.

This means that three-quarters of the ranked suburbs in the Moreton Bay Region have rising sales activity, a circumstance that makes strong price highly likely in 2021.

The Brisbane-north precinct, which has 20 growth suburbs, continues to impress as one of the strongest of the city’s sectors.

But the growth momentum is occurring throughout the Brisbane metropolitan area, with Ipswich City in the far south-west an exception.

Logan City in the far south has 17 growth suburbs, providing further evidence of the gathering recovery of markets in this precinct.

Brisbane-south (13), Brisbane-inner (11), Brisbane-easts (12), Brisbane-west (7) and Redland City (8) all have substantial numbers of suburbs with rising trajectories. But Ipswich City, with only five growth suburbs, has yet to feel the positive momentum being felt elsewhere in the Greater Brisbane Area.

It doesn’t surprise, therefore, that Brisbane markets have been performing well on price growth, with three-quarters of suburbs across the metropolitan area recording uplift in their median house prices in 2020.

In the most recent quarter, 76% of suburbs had some level of price growth.

With inner-city apartment markets still struggling with high vacancy rates, growth has been less prolific among the unit markets: 56% of the suburbs with unit markets have had growth in their median unit prices in the past year.

House price growth has been spread across the Brisbane metropolitan area, but the upper end of the market has been leading.

St Lucia in the popular western suburbs has lifted its median house price 36% to $1,525,000, while Yeronga in the inner southern suburbs has grown 38% to $1,045,000. The sough-after inner city suburb of New Farm has increased 20% to $1,750,000, while Highgate Hill is also up 20% to $1,200,000. And the most expensive of the eastern bayside suburbs, Manly, has increased 20% to $945,000.

The housing market in inner Brisbane, in contrast to the apartment market, is generally travelling well. In addition to New Farm and Highgate Hill, West End is up 15%, Woolloongabba 10%, Bardon 8% and Coorparoo 7%.

The western suburbs are doing well, led by St Lucia (36%), Fig Tree Pocket (up 18%), Sherwood (13%) and Toowong (12%). All have median prices above $1 million.

The northern suburbs also are out-performing. Inner northern suburbs with median prices above $1 million are growing, including Grange (14%), Ashgrove (13%), Ascot (8%) and Clayfield (9%).

Further north in the middle-ring suburbs, growth suburbs include Nundah (15%), Banyo (12%), Chermside (14%) and Sandgate (11%), while others like Chermside West, Kedron and McDowall have grown 8-9%. These are places with median house prices in the $600,000 to $800,000 range.

The equivalent suburbs in the south are also displaying solid growth, headed by Holland Park (12%), Tarragindi (10%) and Upper Mount Gravatt (11%). Several others are up 8-9%.

Several outer-ring precincts are also doing well. In the Moreton Bay region in the far north, growth suburbs include Eatons Hill (13%), Caboolture South (8%), Beachmere (9%) and Bellara (7%) – mostly locations with median house prices under $500,000. Given the number of suburbs with rising sales activity, we expect price growth to accelerate in this area.

In Logan City in the far south, Underwood is up 12% to $615,000, while suburbs with medians in the $400,000s and $500,000s are showing solid uplift in the 7-8% range, including Daisy Hill, Loganholme, Shailer Park and Waterford.

Terry Ryder is the founder of hotspotting.com.au

ryder@hotspotting.com.au

twitter.com/hotspotting
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For the past 3-4 years, many pundits have forecast that “this year” is the year for Brisbane and the city has not delivered



terryryder

A Brisbane real estate boom, at last: Hotspotting's Terry Ryder

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Already one of the most thriving regions in Canberra, Belconnen sits in the midst of an unprecedented urban transformation. Republic presents arguably the highest-profile chapter of this continued evolution, with its unique blend of commercial, retail and entertainment offerings set to become a vibrant focal point for the new Belconnen.

<figure><a class="colorbox colorbox-insert-image" href="/buildings/republic-6-grazier-lane-belconnen" rel="gallery-all"><img alt="" class="image-article-full-width-580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/republic-emu-bank-belconnen-a5e717c9bf2d0e64544a69db114ed450.jpg?itok=mGwh1BIy" style="width: 580px; height: 435px;"></a></figure>The Republic masterplan is built upon an unashamedly ambitious desire to reshape the very fabric of residential Canberra by challenging conventions and expectations. The result is a rich new definition of contemporary living that celebrates community and lifestyle, and overlays it with unrivalled value for money. Republic will boast Canberra’s most breathtaking assembly of private and public spaces, punctuated by five striking residential towers overlooking Lake Ginninderra.

Discover one of Canberra’s most extensive networks of bicycle and jogging paths. Enjoy watersports, skate parks and playgrounds. Or if you prefer, simply dangle your feet by the water’s edge, or watch the sunset from your private balcony.

<figure><a class="colorbox colorbox-insert-image" href="/buildings/republic-6-grazier-lane-belconnen" rel="gallery-all"><img alt="" class="image-article-full-width-580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/republic-emu-bank-belconnen-34d071b8263b019d6f4d8c7b7b01b939.jpg?itok=-bcoONRL" style="width: 580px; height: 435px;"></a></figure>Radiating out from the bustling ground-floor plaza, you’ll discover a fascinating and ever-changing blend of amenities, restaurants, shops and public spaces, bringing the Republic community together on a daily basis. Republic is brimming with high quality inclusions. Each blends seamlessly, with a choice of three distinctly different interior design styles, offering matching finishes, coverings and appliances to suit your ideal mood and lifestyle. Immerse yourself in delightful appointments, from the bedroom to the bathroom, and everywhere in between.

An intentionally-fluid design philosophy means you are the driving force behind what happens on the inside of your new home, with a flexible choice of premium quality interior apartments and finishes.

<figure><a class="colorbox colorbox-insert-image" href="/buildings/republic-6-grazier-lane-belconnen" rel="gallery-all"><img alt="" class="image-article-full-width-580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/republic-emu-bank-belconnen-f784f3bb464f3a96188a1f0827ef4d1c_2.jpg?itok=DktMv_tz" style="width: 580px; height: 435px;"></a></figure>
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 Unique blend of commercial, retail and entertainment offerings at your doorstep

Republic sits in the midst of the thriving Belconnen overlooking Lake Gininderra.

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The Melbourne developer Buxton Projects has secured a permit to go ahead with a new townhouse development in Melbourne's bayside Brighton.

They were supported by Bayside City Council at a VCAT hearing to be allowed to create the nine bedroom townhouse project on an amalgamated 1,463 sqm site.

In 2019 the team spent $4.6 million on an amalgamated 1,463 sqm site at 444 St Kilda Street Brighton and 40a Head St, Brighton which they bought for $4.6 million in 2019.

The $7 million development, designed by NTF Architect in landscaped surrounds by Jack Merlo, will comprise nine three bedroom, two level townhouses, each with private basement car parking.

The Urbis town planning report suggested the development presents a unique opportunity to create a distinct gateway to the City of Bayside.

"The townhouses provide a high level of internal amenity which will create a high end finished product."

Key Design Features

· Environmentally responsive design;

· North facing townhouses with deeper floor plates for allow for spatially and energy efficient floor plates;

· East, West facing townhouses 08 &amp; 09, offer wide frontages and shallow depths to allow ample light and ventilation to internal spaces;

· Recessed courtyards and second living zones create an innovative response in providing multiple living options both internally and externally for evolving family lifestyles.

· Considered building response to existing and future context;

· Careful consideration of surrounding residential typologies, aesthetics, scale and materials;

· Strong emphasis on communal and broader context landscape opportunities;

· Small number of dwellings;

· Sensitive residential streetscape interface;

· Equitable access to light, views and ventilation;

· Diversity of dwelling scales;

· Upper form setbacks to residential interfaces;

· Integrated landscape response provides ample space for large canopy trees.

Buxton recently secured approval for a <a href="/expert-insights/building/a-new-22-million-apartment-development-is-coming-to-toorak-find-out-whos-behind-it">$22 million apartment development in Toorak</a>.
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The $7 million development is designed by NTF Architect in landscaped surrounds by Jack Merlo


Find out which developer is behind Brighton's newest townhouse development

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Demand for apartments in the Gold Coast hotpsot Burleigh Heads continues to soar as a surge of interstate buyers is creating a critical shortage of supply, particularly for three bedroom apartments which are being snapped up by downsizers.

That's the view of the local estate agents, who are even seeing old and ageing apartments sell for premium prices.

Adam Young of Burleigh Heads’ Black and Young Real Estate, who has been selling real estate in the area for over three decades, says he has never seen the market in Burleigh so strong.

"Burleigh is the ‘go to’ destination on the Gold Coast as a lifestyle, entertainment and dining precinct and real estate sales are reflecting the suburb’s newfound popularity.

“The market is very strong, driven by interstate migration and downsizers who see apartment living in Burleigh Heads as under-valued given its central location and the national park setting which is not unlike Noosa,” Young says.

"We have swathes of interstate buyers who think we are under-valued, and they are probably right."

Young says the problem in Burleigh is that there are very few three bedroom apartments on the market and those that are put on the market are snapped up very quickly.

“You only have to look at what happened with Spyre Group’s Natura project under construction at Burleigh Heads to see the demand, as they sold 25 apartments our of 33 in one weekend last year.

[smartcode_project:default project_id=27699]

“But the market has gone north since then and people are prepared to pay big dollars to secure three bedders that are rare as hen’s teeth.”

There's also been big money sales away from the new luxury developments. An ageing three bedroom apartment on The Esplanade just sold for $2.5 million, more than $600,000 over its reserve.

There was another unrenovated apartment that sold for $1.5 million off-market.

Burleigh is set for a new development, 88 Burleigh, with Gold Coast development company Allure Property Corporation <a href="/expert-insights/buying/plans-lodged-for-new-burleigh-apartment-development-88-burleigh">lodging plans for the boutique luxury apartment project</a>.

Allure paid $13 million for the 809 sqm site on The Esplanade and have had DBI design the 27 apartment, 17 level tower wrapped in glass.

[smartcode_project:default project_id=92609]
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Adam Young of Burleigh Heads’ Black and Young Real Estate says he has never seen the market in Burleigh so strong



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