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<a href="https://www.apartments.com.au/developers/doma-group">DOMA Group</a> has unveiled plans for Newcastle Quay, a major waterfront precinct set to reshape Newcastle’s harbourfront and further cement the city’s evolution into one of Australia’s fastest-growing urban destinations.

Positioned on a prominent site within the Honeysuckle Precinct, Newcastle Quay will span both sides of Honeysuckle Drive, connecting directly to the Foreshore Promenade and sitting within walking distance of Newcastle Interchange.

The mixed-use precinct is planned to include around 1,000 apartments, more than 28,000 sqm of commercial office space, 6,000 sqm of retail, and a 180-room hotel anchored by a 500-seat conference and exhibition centre, a move expected to significantly lift Newcastle’s ability to attract major business and tourism events.
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<img alt="DOMA Group unveil Newcastle’s future with transformative Newcastle Quay Precinct" data-entity-type="file" data-entity-uuid="0642ca09-67cc-4920-8a7e-d18df9729b4e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/%3D.png?VersionId=CnDmZxQnOV5LN0ePu7jaFBXC9tPGTrWm" />

The proposal builds on DOMA’s growing Newcastle pipeline, where the developer has already delivered 866 apartments and more than 19,000 sqm of commercial and retail space since entering the market in 2013. A further $2 billion pipeline is also in the works across the city.

The masterplan and executive architecture are led by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, with building concepts developed alongside Stewart Architecture, Architecture AND and Curious Practice, and landscape design by <a href="https://www.apartments.com.au/landscape-architect/turf-design">Turf Design Studio</a>. More than 11,000 sqm of open space is planned, including a new waterfront park known as Honeysuckle Green, upgrades to Tree of Knowledge Park, and new pedestrian and cycling links throughout the precinct.

At the centre of the development will be the heritage-listed Wickham School of Arts, which DOMA plans to reposition as the civic and cultural heart of the precinct through restaurants, bars, events and public gathering spaces.

The broader vision is to create a genuine day-to-night precinct, blending residential, hospitality, retail, commercial and cultural uses in a way Newcastle has yet to experience at this scale.

DOMA Group Managing Director Jure Domazet said the aim was to create a precinct that becomes synonymous with Newcastle itself.

“Our vision is to create a precinct that not only delivers high-quality commercial, residential, and cultural spaces, but also defines Newcastle’s waterfront for generations to come,” Domazet said.

DOMA’s Chris Farrington said the project would fundamentally change how Newcastle is perceived nationally.

“Newcastle Quay is more than a waterfront precinct, it is a national announcement for this city,” Farrington said.

“A world-class Conference and Exhibition Centre will open Newcastle and the Hunter Region to a national and international audience for the first time, delivering something this city has long deserved.”

The project is expected to generate more than 4,000 full-time equivalent jobs and act as a major economic driver for the Hunter region through tourism, business events, hospitality and commercial investment.

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Minister for Planning and Public Spaces Paul Scully said the final parcel of harbourfront land will be a "true mixed-use precinct destination that includes housing, hospitality and entertainment, commercial spaces, retail, economic and social outcomes."

Joel Robinson

DOMA Group unveils 1,000-apartment Newcastle Quay precinct

ASX-listed developer Stockland is continuing to ramp up its return to the apartment market.

In late 2024, <a href="https://www.apartments.com.au/developers/stockland">Stockland</a> announced it would resume apartment development after a 13-year absence, launching with Stanton Place in Rosebery, a 144-apartment project now under construction.

Last week, the developer unveiled plans alongside the NSW Government for a <a href="https://www.apartments.com.au/news/nsw/first-look-stockland-nsw-gov-unveils-plans-for-3-300-home-waterloo-south-renewal">3,300-home precinct in Waterloo</a>.

Now, Stockland has shifted its focus in St Leonards, lodging a State Significant Development Application (SSDA) to replace an approved 42-storey office tower with a 52-storey residential development comprising more than 500 apartments.

<img alt="Stockland" data-entity-type="file" data-entity-uuid="8979095e-9072-432b-a7da-58b180cf994d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-20%20at%204.27.36%E2%80%AFPM.png?VersionId=_jbRXYOafCSHjwsz.yQCNIymMyCj8zkF" />

An existing 14-storey commercial office building would make way for a 264.5-metre tower designed by <a href="https://www.apartments.com.au/architects/bates-smart">Bates Smart</a>. The project would deliver 538 apartments, including 30 affordable housing units, alongside retail and commercial uses at the podium and ground plane.

It will rise from&nbsp;<a href="https://www.apartments.com.au/new-apartments/601-pacific-highway-st-leonards-nsw-2065">601 Pacific Highway</a>, a prominent 2,844 sqm triangular site adjoining Mitchell Plaza and fronting Pacific Highway.

The development is being pursued under the Housing Delivery Authority pathway after Stockland’s proposal was declared State Significant Development earlier this year.

<img alt="First look: Stockland plans 52-storey mixed-use tower with 538 apartments in St Leonards" data-entity-type="file" data-entity-uuid="67f40f35-0458-47ab-80c0-a4e98a31838a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/stockland%201.png?VersionId=rxXe3njr.auuGDuiR0k42uI8Zr4K.gZA" />

The apartment mix includes 217 one-bedroom apartments, 191 two-bedroom apartments, 122 three-bedroom apartments, and eight four-bedroom residences. Six basement levels would accommodate 300 car spaces, bicycle parking, loading areas, and building services.

Bates Smart said the project has been shaped around a series of urban design principles intended to improve the pedestrian experience and respond to the evolving character of St Leonards.

“With a boundary length of almost 75m along Pacific Highway and 70m along Atchison Street to the north, complying simply with the LEP envelope and required setbacks would result in a very wide tower form on the skyline,” the architects noted in the Design Report.

“We propose breaking the tower form into two defined volumes rather than a singular form.”

The podium has similarly been articulated into separate forms to reduce perceived bulk and create a finer-grain response to Mitchell Plaza and Atchison Street. Retail tenancies would activate the lower levels, while commercial space is proposed across the podium floors.

<img alt="First look: Stockland plans 52-storey mixed-use tower with 538 apartments in St Leonards" data-entity-type="file" data-entity-uuid="90149990-0551-40d2-bd48-14b69a015d12" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/stockland%202.png?VersionId=MJC2KIIWFvU9FPGr3IVq09gkRN_gX3m8" />

The design also places a significant emphasis on communal amenity and environmental performance. Residents would have access to landscaped terraces, wellness areas, flexible workspaces, and rooftop communal facilities, while the all-electric building is targeting an average 7-star NatHERS rating. Bates Smart said the project incorporates passive design measures including natural ventilation, integrated shading, and lightweight façade systems.

Planning documents note the site is around 350 metres from St Leonards Station and 400 metres from the metro entrance, placing it within one of Sydney’s most connected emerging residential precincts.

The project arrives amid a wave of large-scale redevelopment proposals reshaping the St Leonards and Crows Nest skyline. Several nearby sites have recently been approved, lodged, or declared under the Housing Delivery Authority pathway as the precinct absorbs significant residential density uplift tied to transit-oriented development policies.

<img alt="Stockland" data-entity-type="file" data-entity-uuid="7805bd7c-dfd7-4b35-8e15-ec4a8bf8e61b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-20%20at%204.27.26%E2%80%AFPM.png?VersionId=iY12K2m2bQ6EeDnshqfZC9rbLx_oEugP" />

Bates Smart’s report describes St Leonards as transitioning away from its historical commercial identity toward a more mixed-use urban environment.

“In recent years, the character of St Leonards has started to evolve, driven by new development trends along the Pacific Highway corridor,” the report said.

“These projects have increasingly focused on residential accommodation, marking a shift from its purely commercial roots.”

Sekisui House Australia is currently selling Waterstone down near Newlands Park, in a pocket being branded "St Leonards South." Hyecorp recently completed Audrey in the same pocket.

First look: Stockland plans 52-storey, 538-apartment St Leonards tower

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.

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.

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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.

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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

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?

Four striking towers have just been approved for a coveted site in Sydney&#39;s south-western suburb of Alexandria.&nbsp;

Alex Collective, will feature 163 residences, with a dual facade on McEvoy and Lawrence streets. The development is set to be delivered by Alexa Development and Ceerose, with luxury homes starting from $750,000.

<blockquote>
&ldquo;Ceerose has gained an enviable reputation for quality and innovation across our building portfolio. Our respect for the historic fabric of the city is evident in many thoughtfully built developments. Andrew Burns Architecture&rsquo;s industrial spirited and intuitive design for Alex Collective will ensure our newest project becomes an iconic industrial development in Alexandria, leaving a positive legacy in the suburb.&rdquo;
</blockquote>

Edward Doueihi, Managing Director of Ceerose

<a href="/buildings/alex-collective-alexandria-163-173-mcevoy-street-alexandria-nsw-2015"><img alt="" height="556" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/tpaa0900_alex_co_in02_balcony_copy.jpg" width="1000" /></a>&nbsp;

Inspired by the location&#39;s industrial heritage, architect Andrew Burns has interwoven key characteristics of traditional warehouse design, including saw-tooth rooflines and intricate brickwork. The buildings are joined by sky bridges and feature light wells to encourage plenty of natural sunlight to fill walkways and apartments.&nbsp;

<blockquote>
&ldquo;Alex Collective&rsquo;s robust buildings will add to Alexandria&#39;s industrial character where there is a desire to live in a place that has a sense of place. Inspired by New York style industrial warehouse conversions, individuality is expressed in three distinct forms &ndash; the fa&ccedil;ade, saw-tooth roofs and bridges. Pattern brickwork and metallic cladding further assist in providing rich materiality. The interiors are warm and contemporary with an industrial edge. Their raw textures and natural finishes are timeless, capturing the spirit of the neighbourhood through elegant bay windows.&rdquo;
</blockquote>

Andrew Burns, Principal at Andrew Burns Architecture&nbsp;

A selection of lofts, maisonettes and penthouses will be available for sale, with most homes positioned to be north-facing, with properties on upper levels offering expansive views towards the city skyline, Sydney Park and Alexandria&#39;s streetscapes.

On-site amenities will include three ground-floor retail spaces, a magnesium swimming pool as well as gardens and cabana-style seating areas designed by Landscape Architects, Site Image Group.

<a href="/buildings/alex-collective-alexandria-163-173-mcevoy-street-alexandria-nsw-2015"><img alt="" height="625" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/tpaa0900_alex_co_ea01_communal_area_dusk_copy.jpg" width="1000" /></a>

Sculptural work by public artist Jamie North will be featured at four entry points on the facade and will incorporate the use of native Australian plants.

Colliers International Project Marketing Director, Ian Bennett, commented that Alex Collective poses a fantastic opportunity for buyers to buy into a popular Sydney neighbourhood.

<blockquote>
&ldquo;Alex Collective offers purchasers a unique purchasing opportunity in one of Sydney&rsquo;s colourful residential areas. We expect buyers to appreciate the superb industrial inspired design, high-quality finishes and open plan spacious designs, most of which have a northerly aspect and top levels enjoy panoramic CBD skyline views. Low interest rates, minimal competition, loan applications becoming easier, a scarcity of good quality buildings and Alex Collective&rsquo;s heritage precinct will drive strong interest in the project.&rdquo;
</blockquote>

Olivia Round

Alex Collective: New four-tower residential development launches in Alexandria

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Australian Architects are heralded as proudly ambitious in preserving Australia's heritage, honouring national history and providing our cities with activated, engaging and community buildings and spaces that are socially and environmentally beneficial. With the rise of 'starchitects' and landmark designs, Australian architects are more approachable than ever, entering global design competitions, catching the eyes of global developers and governments to influence roles in cities abroad.

This is a short celebrated list of notable Australian Architects and their realised or planned projects abroad

<h2>FUNAN, SINGAPORE - <a href="/architects/woods-bagot">WOODS BAGOT</a></h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/woodsbagot.com_.jpg" rel="gallery-all" title=" Image of Woods Bagot’s Funan in Singapore."><img alt="" class="image-article-full-width-580px" height="454" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/woodsbagot.com_.jpg?itok=nvoyaFfM" title=" Image of Woods Bagot’s Funan in Singapore." width="580"></a>

<figcaption>Image of Woods Bagot’s Funan in Singapore.</figcaption></figure>Representing a new era of mixed use and retail, Woods Bagot’s Funan in Singapore is an exemplary piece of architecture that is true to form in that it blends worlds and acts as a civic hub. 
The design acknowledges the rise of online shopping and maximises its engagement for tech savvy shoppers offering more of a destination than a retail precinct.  
Spaces connect vertically and laterally to provide an integrated environment that blurs traditional zones to offer an ecosystem of lifestyle activities under one roof.

Funan is a connected development which responds to a socially and environmentally conscious world with communal spaces, urban rooftop farms and gardens and vertical wall plants. 
The flexible ventilation of the ground floor allows 24 hour accessibility to pedestrians and cyclists, further improving upon the vibrant streetscape and its engagement to people. The building’s design caters to a new generation of consumers who yearn for interactive, connected and collaborative environments that reflect their authentic passions and tastes.

<h2> </h2>

<h2>MERDEKA PNB118, KUALA LUMPUR - <a href="/architects/fk-australia">FENDER KATSALIDIS</a></h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/fender_katsalidis.jpg" rel="gallery-all" title=" Rendering of Fender Katsalidis’ Merdeka PNB118, Kuala Lumpur, Malaysia."><img alt="" class="image-article-full-width-580px" height="1106" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/fender_katsalidis.jpg?itok=fag5H25M" title=" Rendering of Fender Katsalidis’ Merdeka PNB118, Kuala Lumpur, Malaysia." width="580"></a>

<figcaption>Rendering of Fender Katsalidis’ Merdeka PNB118, Kuala Lumpur, Malaysia.</figcaption></figure>Australian architecture firm Fender Katsalidis has designed the upcoming Merdeka PNB118 skyscraper in Kuala Lumpur, standing at 644 metres tall with 118 floors of office, hotel, topped by an observation deck and restaurant. 
The crystalline tower will be the centrepiece of Kuala Lumpur’s Merdeka site, where Malaysian independence was declared in 1957. 
The tower’s design is an expression of its structural pathways, resulting in geometric patterns in the facade which are reminiscent of traditional Malaysian arts and crafts.

Cementing itself as one of the World’s top 10 tallest buildings when completed, the design of the tower is influenced through Fender’s <a href="/news/urban-com-au-profiles-10-of-melbourne-s-top-luxury-apartments">Eureka Tower</a> and how its design form represents a piece of Victorian history. The Malaysian capital wanted a landmark tower that represents in form its cultural history and significance in this same way. The project will preserve two heritage buildings on the site including the Merdeka Stadium and Negara National Stadium.

The podium interior has a soaring, dramatic atrium fit with stone surfaces which will include the lower lobby access at one end and office and retail lobby access at another. 
The retail component will offer over 300 stores of upmarket to high end clothing. 
The project in collaboration with local architect, RSP Architects and landscape architects Sasaki Associates has an expected completion in 2020.

 

CAPITAMALL 1818, WUHAN - <a href="/architects/the-buchan-group">BUCHAN GROUP</a>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/buchan_group.jpg" rel="gallery-all" title=" CapitaMall 1818, Wuhan, China. Image by Buchan Group."><img alt="" class="image-article-full-width-580px" height="326" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/buchan_group.jpg?itok=K5ocii-T" title=" CapitaMall 1818, Wuhan, China. Image by Buchan Group." width="580"></a>

<figcaption>CapitaMall 1818, Wuhan, China. Image by Buchan Group.</figcaption></figure>The Buchan Group delivers a revitalised shopping interior, exterior facade and graphics for the CapitaMall in Wuhan’s downtown. Located along the prosperous Zhongshan, the high end mall features 8 levels of retail, entertainment and dining and is one of seven CapitaLand developments in the city.

It was important that through this revitalisation of the downtown mall, that all 10 million of Wuhan’s residents feel represented with a design reflecting the vast cultural catchment with a rich past, whilst still responding to the innovative retail future and its trends.

The podium creates a vibrant streetscape amongst the integrated office and residential mixed use precinct and ensures that the buildings perform a civic function, providing a meeting place and community engagement for locals. 
The responsibility to respect Wuhan’s deep cultural history was felt by the Buchan Group as well as the need to embrace a modern urban community with aspirations to adapt to recent retail trends.

 

NATIONAL MARITIME MUSEUM OF CHINA, TIANJIN - <a href="/architects/cox-architecture">COX ARCHITECTURE</a>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/coxarchitecture.com_.jpg" rel="gallery-all" title=" National Maritime Museum of China in Tianjin. Rendering by coxarchitecture.com"><img alt="" class="image-article-full-width-580px" height="363" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/coxarchitecture.com_.jpg?itok=suUJPtDm" title=" National Maritime Museum of China in Tianjin. Rendering by coxarchitecture.com" width="580"></a>

<figcaption>National Maritime Museum of China in Tianjin. Rendering by coxarchitecture.com</figcaption></figure>The Binhai New Area is an important economic zone as Tianjin expands as an important international port, with over 2000 high tech companies developed in the area and urban residential spaces built upon reclaimed land. 
The National Maritime Museum of China by Cox Architecture whose design won the international competition for China’s first maritime museum, sits in the Binhai New Area of Tianjin. The Museum covers 150,000 square metres of space and includes three levels, a large exhibition hall and an observation tower which also acts as the Museum’s energy plant.

One of the main details of importance for the new museum was its connection and relation to the water as much of Chinese cities developed out of the canals or by the water’s edge. 
Not much is known of the country’s Maritime past, so for Cox Architecture, designing a space of such importance had to reflect a strong identity.

As the Chinese Government collected elements to fill the Museum, the designs of the structure had to evolve and adapt to their findings. Cox Architecture needed to provide a space to raise public awareness and develop into an educational base for scientific research and environmental protection.

Opened in 2019, the National Maritime Museum of China will be free for visitors and include six divided sections with an enriched array of themes arranging from Culture and History, Marine Ecology and Environment, Science Education and interactive programs as well as shopping, restaurants, cafes, cinema and gardens surrounding and connecting to the waterfront.

Awards: 
World Future Project of the Year, World Architecture Festival Singapore 2013 
Future Projects Competition entries Category Winner, World Architecture Festival Singapore 2013

<h2>KAOHSIUNG EXHIBITION CENTRE, KAOHSIUNG TAIWAN - <a href="/architects/cox-architecture">COX ARCHITECTURE</a></h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/coxarchitecture.comm_.jpg" rel="gallery-all" title="Kaohsiung Exhibition Centre, Kaohsiung Taiwan. Image by coxarchitecture.com"><img alt="" class="image-article-full-width-580px" height="305" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/coxarchitecture.comm_.jpg?itok=ldjNWKQx" title="Kaohsiung Exhibition Centre, Kaohsiung Taiwan. Image by coxarchitecture.com" width="580"></a>

<figcaption>Kaohsiung Exhibition Centre, Kaohsiung Taiwan. Image by coxarchitecture.com</figcaption></figure>Another project from Cox Architecture won through an international design competition is Kaohsiung’s first public harbour development, the Kaohsiung Exhibition Centre. 
Linking the city to the waterfront via pedestrian access was key to the design of the centre. 
Designed as a hybrid facility, the building comprises of exhibition and convention spaces which are flexible to host a large variety of events and simultaneous meetings. 
The enclosed roof utilises an alternating shell structural system to which substantially reduces steel tonnage and successfully resists the strong harbour winds and seismic forces. 
Skylights allow the building to respond to its natural environment with the ability to fill the spaces with light and ventilation which improves the overall sustainability.  
It was important to Cox Architecture to design a structure that responds to its surroundings and is an expression of the Taiwanese people and was a conscious and thoughtful process.  
Awards: 
Excellence Award, Chinese Institute of Engineers 2014.

 
 

 

 

 

 
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Nick Dante

Australian Architects making Global waves

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Aster Apartments is the final residential release within Cedar Woods' new up-and-coming community, Jackson Green, in Melbourne's Clayton South. Recently we were invited to take a tour of the display suite to get an idea of the brand new collection of residences now available for sale. 

Check out our video tour:

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/ADWvST3VQqU" width="660"></iframe>

<h2>ASTER APARTMENTS AT A GLANCE</h2>

Developer: <a href="/developers/cedar-woods">Cedar Woods</a>

Architect: <a href="/architects/dko-architecture">DKO Architecture</a>

Location: 456 Haughton Road, Clayton South VIC 3169

Number of residences: 128

<a href="/buildings/aster-apartments-456-haughton-road-clayton-south"><img alt="" height="3627" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/aster-apartments-456-haughton-road-clayton-south-0d09267e815a36f566112b3c395277a9.jpg" width="7606"></a>

Since Aster will be the final development to join the community, we anticipate this collection of apartments to be in high demand. From the engineered timber flooring to the opulent floor-to-ceiling glazing, no expense has been spared to deliver a collection of homes the Cedar Woods team can be proud of. 

The kitchens feature integrated stainless steel appliances and minimalist storage, with recessed LED lighting to illuminate the gas cooktop. The island benches include large sinks with modern chrome tapware and overhead cupboards provide a practical storage solution. Each bathroom includes an ultra-modern fully tiled walk-in shower, with brushed stainless tapware and dual showerheads. 

The design palette is customisable, with future-focused timeless materials giving you the ultimate low maintenance lifestyle.

Open plan living areas flow seamlessly to the private courtyards and balconies, giving you the perfect space to dine and relax throughout the year, enjoying Melbourne's fantastic climate. 

<a href="/buildings/aster-apartments-456-haughton-road-clayton-south"><img alt="" height="5651" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/aster-apartments-456-haughton-road-clayton-south-87097eb153e449c96ad729d990995777.jpg" width="5400"></a>

Aster apartments are minutes from Clayton and Monash, and just a short drive you'll find Australia's leading shopping precinct, Chadstone Shopping Centre and Melbourne CBD. 

To speak with an agent about the Aster Apartments available for sale, <a href="/buildings/aster-apartments-456-haughton-road-clayton-south">request a call via Urban today</a>, but be in quick as this is the final release of properties at Jackson Green. 
</body></html>

Urban's tour of the Aster Apartments display suite

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Why Doing a Dual Occupancy is a Good Move and How to Find the Right Builder

Have you ever considered investing in the property market? In years gone by, this would mean purchasing an existing home and renting it out. But more recently, more and more regular Australians have begun leveraging their property to invest differently.

They are doing what is called a dual occupancy development. This means constructing two or more dwellings on a lot of land. These dwellings are then subdivided, so they end up on their own separate titles. There are some benefits to doing this sort of real estate development project.

In this article, we’re going to explore why undertaking a dual occupancy is a great idea. Then, we’re going to unpack how to <a href="https://www.littlefishproperties.com.au/dual-occupancy-builders-in-melbourne/">find the right dual occupancy builders</a> to partner with for this sort of project.

Why a Dual Occupancy Project?

There are several reasons why this sort of development is a wise choice for those looking to invest in property.

To begin with, if you already own a lot of land suitable to subdivision, you’re steps ahead of the pack already. For example, you may own a larger family home on a large piece of land. It might be a bit run-down and in need of some love. Or, you might own an investment property already - but the returns from rental yield are smaller, and you’re relying on the property increasing in value. This is called capital gains. 

Capital gains is a long-term game, and with fluctuations in the property market, it doesn’t always pay off. A dual occupancy, on the other hand, can generate some serious wealth.

Let’s say you do a standard dual occupancy where you build a pair of duplex properties. This means that they share a wall and are usually side-by-side or one behind the other. 

Once the properties are complete, you have a range of options. You can live in one dwelling and rent the other out. Some folks rent them both out. Or you could sell them both. Whichever investment option you choose you are looking at a tidy return.

Some people even partner up with friends or family to muscle into a suburb they could otherwise not afford. They buy a dilapidated house in their target suburb, then knock it down and build a dual occupancy on the lot so they can both live there.

Now that we’ve explained the reasons for doing a dual occupancy and why it’s a great idea, let’s talk about finding the right builder for your project.

How to <a href="/guides/dual-occupancy-homes-arguably-the-best-value-for-money-on-the-market">Find a Dual Occupancy</a> Builder

You mostly have two options here. You can choose what is known as a volume builder, or an independent. A volume builder is your big players. These vary from state to state, but they have billboards, a branded fleet, ads on TV, and rely on churning through builds for their revenue.

The other option is an independent builder. These are smaller companies who usually do just a few jobs at a time. Their owner is generally working on the job with the crew, and often you can’t tell the general from the soldiers.

Let’s look at the pros and cons of each type of dual occupancy builders. 

Volume Builders

Volume builders will be able to do the job quickly and efficiently. They’ll also have a basic cost structure so you can match a company to your budget. Because they rely on the sheer volume of builds, they can usually complete a project on time and to budget.

They also have a set menu of designs to choose from. If you’re time-pressed and want to finish your dual occupancy project, this could be a blessing. If you want more customisation and flexibility, this is a drawback. A major con to volume builders is that their designs only work on certain block types and dimensions. They can’t fit a square peg into a round hole so if your block has odd dimensions or doesn’t suit their designs you might be out of luck.

Also, in some cases, volume <a href="/builders">builders</a> rely on subcontractors to finish a job. This can mean that the final build quality can sometimes be subpar. Sometimes this is the luck of the draw though, as other times it will be fine. 

Independent Builders

These are the little guys—the small to midsize businesses. Like the volume players, they have their ups and downs.

The biggest pro here is their flexibility and ability to customise a design and build. They have fewer procedures and strict rules to follow for their builds. You are only limited by your architect and designer and your plans. They can also be more allowing of any changes or updates during the build. Keep in mind that they will still bill you for any variations. They don’t work for free, like you. And why should anyone, for that matter?

An independent will also cost more. This is due to the flexibility, the ability to customise and the fact that they rely on each job for their income, unlike the volume builders where it is a numbers game. A custom build will also take longer. So if you have the endgame in sight - the sale of the property, you need to factor this into your thinking.

There is also the risk with an independent. Remember the law that if things can go wrong, they will. Sometimes an independent will go bust <a href="/news">halfway through a build</a>. You have less risk of this with a more prominent company.  
Even with these risks and drawbacks, a smaller builder will have more pride and quality in their build. You will end up with a unique dual occupancy that screams quality. 

Summing it All Up

There you have it. A dual occupancy can be a great choice of investment, whether you sell them off or rent them out. You can even live in them and use them as a lever to get <a href="/buildings/nbh-at-lachlan-s-line-25-27-epping-road-macquarie-park">into a target suburb</a>.

We’ve also highlighted the pluses and minuses of choosing a volume builder versus an independent. This should have informed you how to pick a builder that is right for your needs. Good luck on your upcoming project!
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Why a Dual Occupancy is a Great Idea and How to Find the Right Builder

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Following the launch of Tarneit's latest mixed-use precinct development, Keystone, Urban.com.au caught up with Akron Property Development Director Andrew Harvey about the importance of creating highly walkable, connected communities – and essentially prioritising place over product.

Urban.com.au: Congratulations on the launch of Keystone, Tarneit! What drew you to this site in particular?

Andrew Harvey: Akron is pleased that Wyndham understood our vision for a highly walkable, connected community to be established that brings a variety of attractive inner-urban features to this suburb.  The Planning Permit for Keystone is the result of a year of planning, urban design and detailed engineering investigations in consultation with Wyndham City Council. Akron was attracted to Tarneit because it is exceptionally well-positioned for future growth. Keystone is only 26 kilometres from the Melbourne CBD and is very close to Werribee, Hoppers Crossing and Williams Landing.  Keystone is already surrounded by established schools, shopping and community infrastructure.  Coupled with the State commitment to upgrade the adjacent railway with future station builds, the site will be an easy walk from two future railway stations at Riverdale and Tarneit West. 

U: When acquiring a site in an outer suburb, do you believe interest will be generated from those looking to commute to/from the CBD or buyers that are keen to live, work and play in Tarneit?

AH: Tarneit won’t be an outer suburb for much longer!  People who know the Western suburbs will know that Tarneit and Werribee are poised to tap into the economic development that will follow from State and local economic investment. Investors and our Keystone residents will be attracted by the close proximity to the CBD, and the established infrastructure close by.  Easy road or rail access exists to the City, Werribee, Geelong and growth areas such as Melton and Bacchus Marsh to the north.  Tarneit has simple access via the Princes Freeway to the Bellarine Peninsula and Surf Coast, enabling a genuine work-life balance.

U: If Melbourne is to become a polycentric city, do you believe the City of Wyndham is equipped to handle the urban sprawl, and accommodate the needs of new residents? 

Wyndham City has tremendous potential.  Wyndham City is one of Australia’s fastest-growing municipalities, expected to almost double in size by 2041. It is well placed on the road and rail links between Melbourne and Geelong, making it an area of great economic significance that extends beyond its own region, impacting the rest of the state and Australia. Affordable housing, geographic appeal, high birth rates, increased migration and major infrastructure investments are driving forces behind Wyndham’s position as the epicentre of western Melbourne’s population growth. This growth will transform Wyndham from a City of 257,000 people in 2018 to nearly double in size to 489,000 by 2041. According to ABS data between 2016 and 2017, Wyndham was Victoria’s largest growing municipality, increasing its population by 14,092 people, or 6.2%.

What local infrastructure is currently on the cards in the areas surrounding Keystone?

In December 2018 the Western Melbourne Group (WMG) obtained a licence from Football Federation Australia (FFA) to field a team in the national A-league, the Western United Football Club. As part of a public-private-partnership development with Wyndham City Council, WMG will deliver an international standard sporting precinct just to the west of Keystone which will include a 15,000 seat main stadium, a 5,000 seat second stadium, training pitches and high-performance centre. Adjacent to the sporting precinct on the southern side of the site, Council will also deliver the Riverdale town centre. With all of this proposed work, the construction of the Sayers Rd Railway Station in Tarneit needs to be brought forward to capitalise on this economic development opportunity. Delivering this station will allow for greater access to the privately funded 15,000 seat stadium being built and will enable business and communities in the area to thrive. The future Riverdale Railway Station at Sayers Road and the proposed Tarneit West station on Davis Road are either side of Keystone and are both within a two-kilometre stroll.

How has the urban planning agency Roberts Day assisted with the master planning process of Keystone, and what were the key takeaways from their input?

We wanted visionary urban design and planning and through our work with Roberts Day, we have tapped into best practice design philosophies through the thought leadership of Mike Day and Emma Petersen.  Placemaking has been a focus, not a cookie-cutter subdivision mentality. We wanted to bring some of the best of the city to Tarneit, and a phrase we use is “more urban than suburban”.  A key focus of this development is the evolution of specially designed elevated townhome lots, fronting leafy, tree-lined boulevards where walking, cycling and conversation with your neighbour are given higher importance.  Landscaped rear laneways, with studios above garages, will give these lots an element of lifestyle flexibility not seen in surrounding suburbs. The Keystone design will promote safer walking and cycling to school, shops and recreation as a fundamental part of everyday activity.  We can‘t wait to do some longer-term studies to measure the positive impact that our design will have on the health and wellbeing of our future residents.

Do you believe that there is enough incentive for developers to create precincts which have a strong community focus like Keystone? Or is it primarily down to company ethos?

The recent correction in the housing market means that the “fear of missing out” has lessened, and astute buyers can take their time to understand what makes a quality development.  Akron has set its ethos on seeing beyond the present day, and we want to leave a legacy of good design and great places for people to make home. Akron partners with like-minded visionary and enthusiastic design teams to incorporate leading design principles, and we try to bring the best of our favourite places in Melbourne and around the world to each Akron neighbourhood.  If we don’t design places that we’d like to live in, how can we expect others to understand our vision and make Keystone home? Akron recognises that systems like the Green Building Council of Australia’s Green Star Rating, and the UDIA EnviroDevelopment certification can be badges which verify Akron’s commitment to sustainability and independently certify the quality of our Keystone vision. 

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/akron_linkedin_blog_1.png" rel="gallery-all" title="Akron Property team"><img alt="" class="image-article-full-width-580px" height="304" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/akron_linkedin_blog_1.png?itok=gJafKYQj" title="Akron Property team" width="580"></a>

<figcaption>Akron Property team</figcaption></figure>How do you see Keystone evolving over the years?

Akron is committed to early provision of community infrastructure, and the Riverdale North Primary school, in the heart of Keystone will be at the heart of the community. We are working with the Council to refine designs for a community hub opposite the primary school.  We see early provision of a childcare centre and kindergarten opposite the school as priorities, supported by some small shops. We will be working with innovative, quality builders to build and display innovative medium density house product and innovative home office townhouses.  We are committed to exploring a diversity of home types, for different family structures, including singles and couples. We’d love to see a range of home types that cater to different stages of life.

What do you think residents will love most about living at Keystone?

The design approach seeks to encourage physical activity, and we hope for a real sense of health and wellness to evolve. Our green streets will be planted with double rows of trees and will be attractive streets that encourage walking and cycling.  Most local streets point at the school, so we think there will be a high proportion of kids that will walk, ride, skate to school. We will relocate our sales office from Leakes Road into first completed stage, and we hope to partner with Council for some pop-up recreational facilities before council builds the dedicated Active Open Space sports ovals and facilities in years to come.  

Given your experience working on the creation of an international award-winning Ellenbrook Community in Perth, what do you think are the key features of a holistic, modern community? What would you like to see more of in new mixed-use precincts across Australia?

Authentic communities thrive on diversity. This applies to the people who live there, the building typologies and the streets, parks and urban places which will emerge.  When the developer shows a better understanding of how people want to live, houses become homes, and people become neighbours.  Compact living, useable verandahs and rooftop terraces are exciting trends that enable social interaction and community engagement.  We’d love to see radical changes in the building typologies that are accessible to people in Tarneit, and we will be working with our building partners to truly innovate. 
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Place over product: Akron Property’s Andrew Harvey discusses the concept of creating a community-centric mixed use precinct

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Melbournians are not new to urban sprawl and its long lasting effects on the environment and people. 
For decades, we have felt the strain of the city’s inexorable growth with an ever-growing population and a lack of readily planned infrastructure to back it. 
These issues are quite complex to resolve and there is no one solution to the matter. 
With urban planners and architects directing their focus more so on centralised communities, we are seeing a major shift in how we progress with more mixed use developments and 20 minute neighbourhoods emerging within existing Melbourne suburbs.  The consequences of Urban Sprawl go much deeper than just the lengthy commutes and sometimes careless environmental damages but also really affects mental health. 
Sprawl is a contributing factor to the feelings of isolation through a lack of community engagement and living far from opportunities, education and hospitality services greatly lowering one’s quality of life.

Mixed use precincts often offer medium to higher density buildings comprising of residential, commercial, public amenities and opportunities. The benefits of a connected community are: 
 

Safety - 
When we live in closer proximity to each other and share communal spaces we become more tolerant, patient, respectful and generous people overall. 
This closeness creates a sense of pride and encourages community engagement with residents protecting their space and looking out for each other. 
The spaces within a mixed use precinct are kept active at ground level and with everything within a 5 minute walking distance and many providing CCTV for laneways and streets. 
 

Walkability - 

5 and 20 minute neighbourhoods can be incredibly walkable with pedestrianised retail streets, laneways, public squares and lush parks motivating locals to engage in healthier and active lifestyles. 
With no need for car dependency, the impacts on mental health through interacting with other people and nature are hugely positive. The convenience of being close to transport, work, parks and essential living needs provide a healthy environment for all demographics of people. 
 

Connectivity - 

Mixed use developments thrive in already existing activity centres where local businesses, accessibility to public transport and major avenues provide quick and painless connections to the greater surrounding areas, unite communities and prosper under-utilised space.  
 

Stronger local economies - 
Living close to local business means supporting local business. With a hairdresser across from your doorstep and the delicious coffee shop, bakery and fresh produce stores on your walk to work, residents provide a stronger economy for business owners. Mixed use developments provide countless construction and ongoing jobs and with reduced travel times and on site opportunities, affordable housing and rent remain consistent.

 

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/received_663226370765103.jpeg" rel="gallery-all" title="Melbourne CBD's expanding skyline. Image by Nicholas Failla."><img alt="" class="image-article-full-width-580px" height="335" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/received_663226370765103.jpeg?itok=JB_KD0gk" title="Melbourne CBD's expanding skyline. Image by Nicholas Failla." width="580"></a>

<figcaption>Melbourne CBD's expanding skyline. Image by Nicholas Failla.</figcaption></figure>Mixed use precincts are not only beneficial to the individual, but to the spaces we govern, attributing to the liveliness of an under-utilised and perhaps neglected neighbourhood and connecting business between what once might have been segregated networks and living spaces.

 

<h2> </h2>

<h2><a href="/buildings/m-city-2107-dandenong-road-clayton">M-City</a>, Clayton</h2>

One example is M-City, designed and developed by <a href="/builders/schiavello-constructions">Schiavello</a> and the <a href="/architects/the-buchan-group">Buchan Group</a> in the South-Eastern suburb of Monash takes a vacant block and develops it into a vibrant urban hub providing 17,330sqm of commercial space and 643 apartments accommodating over 3,000 people. 
A heavy focus on human interaction through a carefully thoughtful design with a landmark shopping centre anchored by Kmart, Woolworths and a six screen Village Cinemas, a 250 room Mantra Hotel and a substantial amount of green space for residents, workers and visitors encourages people to engage with each other and feel involved in their environment. 
 

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/m-city_park_pool.png" rel="gallery-all" title="Rendering of the resident's park and swimming pool. Image by m-city.com.au"><img alt="" class="image-article-full-width-580px" height="360" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/m-city_park_pool.png?itok=eDph4QU7" title="Rendering of the resident's park and swimming pool. Image by m-city.com.au" width="580"></a>

<figcaption>Rendering of the resident's park and swimming pool. Image by m-city.com.au</figcaption></figure>M-City is a 24 hour lifestyle development with a closeness to major innovative, scientific and knowledge hubs such as <a href="/news/monash-university-refreshes-its-20-year-campus-master-plans">Monash University</a> and Clayton Station servicing residents nearby. 
With 60 specialty stores beneath the apartment complex, connectivity and walkability are deeply encouraged and give peace of mind to residents who have had a long day at work or university.

 

<h2><a href="/buildings/east-brunswick-village-3-bluestone-way-brunswick-east">EBV, East Brunswick</a></h2>

East Brunswick Village, master planned by <a href="/developers/banco-group">Banco Group</a> and designed by <a href="/architects/jam-architects">JAM Architects</a>, is possibly one of the country’s greatest mixed use developments at the moment with homes across 5-6 level apartment buildings connected by tree-lined laneways filled with public art, local bakeries, pharmacy, wellness centre, yoga studio, bike repair store, cafes and a supermarket.

For residents, over 2500sqm of communal space including a children’s playground, an apiary providing free honey for all, rooftop gardens, a workshop and <a href="/news/what-will-the-future-of-cycle-culture-in-australia-look-like">960 bicycle spaces</a> to motivate and embrace a non car dependent environment. Residents also have access to a car share facility and electric vehicle charging stations to decrease their carbon footprint.

 

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/brunswick-east-large-rooftop-garden.jpg" rel="gallery-all" title="Rendering of the communal rooftop garden."><img alt="" class="image-article-full-width-580px" height="377" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/brunswick-east-large-rooftop-garden.jpg?itok=2yyAD66r" title="Rendering of the communal rooftop garden." width="580"></a>

<figcaption>Rendering of the communal rooftop garden.</figcaption></figure>With easy access to public transport, a 7.5 star NatHERS rating, solar energy, water efficiency techniques and the use of drought tolerant native plant landscape throughout the project, <a href="/buildings/east-brunswick-village-3-bluestone-way-brunswick-east">East Brunswick Village</a> increases community engagement, pride and the quality of life for residents and visitors with the sense of belonging to somewhere that is open to change. “I think of EBV as a microcosm of East Brunswick. It’s exciting, it’s creative, it’s diverse, and East Brunswick is like that too – it’s one of Melbourne’s most inspiring and livable suburbs. It’s got great public transport, great amenities and restaurants. And it’s so close to the city; as a place to live, East Brunswick has become incredibly popular over the past decade. We know people want to live here. With EBV, one of our big aims is to make living in this part of Melbourne achievable for people. Making living as affordable and enjoyable as possible, that’s what it’s all about.” - Mario Lo Giudice, Director at Banco Group. 
Quote from ebv.com.au

Many people fear density and infill, as a spread out suburban lifestyle is pretty much all we are accustomed to, yet we cannot continue to function this way.  
Our need for high quality mixed use commercial and residential precincts and updated rezoning policies will profoundly impact our way of life and progress our city forward into an equal urban future.

 

 

 

 
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How living in a mixed use precinct can benefit you

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<div class="styles__Container-sc-1ylecsg-0 goULFa">Australia is officially out of a recession.</div>
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<div class="styles__Container-sc-1ylecsg-0 goULFa">The Australian Bureau of Statistics (ABS) advised that the nation's Gross Domestic Product – or GDP – rose 3.3 per cent in the September quarter.</div>
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<div class="styles__Container-sc-1ylecsg-0 goULFa">CommSec's Craig James called it a "Christmas miracle."</div>
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It was the strongest quarterly growth since the March quarter 1976. 
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<div class="styles__Container-sc-1ylecsg-0 goULFa">However throughout 2020 Australia's GDP has fallen 3.8 per cent.</div>
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<div class="styles__Container-sc-1ylecsg-0 goULFa">A technical recession is defined as two consecutive quarters in negative growth.</div>
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<div class="styles__Container-sc-1ylecsg-0 goULFa">The three months to June saw the nation's GDP shrink by seven per cent, the biggest drop since records began in 1959.</div>
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<div class="styles__Container-sc-1ylecsg-0 goULFa">The previous quarter to March saw Australia's GDP fall by 0.3 per cent.</div>
<div class="styles__Container-sc-1ylecsg-0 goULFa"> </div>
<div class="styles__Container-sc-1ylecsg-0 goULFa">The market had been predicting that the economy would grow 2.5 per cent in the September quarter. Westpac had forecast three per cent growth.</div>
<div class="styles__Container-sc-1ylecsg-0 goULFa"> </div>
<div class="styles__Container-sc-1ylecsg-0 goULFa">"The key dynamic of the covid recession and the re-opening of the economy relates to the restrictions on the movement of people and on travel, with the closure of the borders," Westpac economist Andrew Hanlan said.</div>
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"Consumer spending plunged by 12.5% in Q2 reflecting the reduced opportunities for people to spend.
"As restrictions were eased, consumers returned to the shops in greater numbers and consumer spending rebounded by 7.9% in Q3 (providing the upside surprise to our forecast).
"Another key feature of this recession has been the massive income transfer from the government to households and businesses – on an unprecedented scale."
 
 
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j.ballantyne1990-6AQqhLzZaK

Australia is officially out of recession after 3.3 per cent rise in GDP in the September quarter

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National residential listings decreased by four per cent in November, and are now down -12.6 per cent compared to the time last year.
Listings dropped from 308,469 in October to 296,267 in November.
All capital cities recorded decreases in listings over the month with the exception of Melbourne, which posted an increase of 1.2 per cent.
Darwin saw the largest listing decrease, down -6.7 per cent, followed by -6.4 per cent declines in Sydney and -6.1 per cent in Hobart.
Darwin, Sydney and Hobart posted the largest decreases of 6.7%, 6.4% and 6.1% respectively.
Brisbane recorded a -3.8 percent decrease, Canberra -3.2 per cent and Adelaide three per cent. Perth recorded the lowest decrease of -2.4 per cent.
Louis Christopher, managing director of SQM Research said the surprising decline in total listings for the month was predominantly driven by a decline in old listings.
"The fall in old listings tells me stock is being absorbed at a quicker rate than levels recorded earlier this year. It is a yet another signal that buyer activity is on the rise.”
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/DEC/2/SQM%20stock.jpg" alt="">
National year-on-year listings decreased -12.6 per cent, with significant decreases in Darwin (-28.2 per cent) and Hobart (-26.1 per cent) and Adelaide (-21.5 per cent).  
Sydney recorded a smaller decrease of 0.7 per cent. Melbourne however, recorded a large increase of 11.5 per cent. 
New listings across the country rose, just 0.48 per cent in November, with 381 more new properties listed for sale.
<a href="https://sqmresearch.com.au/total-property-listings.php?region=nt%253A%253ADarwin&amp;type=c&amp;t=1">Darwin’s</a> new listings increased by a significant 27.3 per cent. New listings in Melbourne increased by 4.1 per cent, while Sydney was the only capital that recorded a decline in new listings.
 
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jrobinson-rf4aSBido9

Total property listings decrease in November as old stock gets snapped up: SQM

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Australian DJ Will Sparks is selling Onyx, the luxury Paddington, Brisbane home he bought just last year.
He quietly snapped up the home for $2.35 million before it even it the market, just after it was completed by go-to home builder Graya Constructions to a design by Joe Adsett Architects.
But after settling on the home in September 2019, Sparks, with his girlfriend Brooke Clancy, was spending more time in his native Melbourne and the luxury home became a rental. He sought $2,200 a week.
Constructed with a nod to the traditional Queenslander form with its clean lines, the contemporary home on 405 sqm has five bedrooms, four bathrooms and a temperature controlled wine cellar.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2020/DEC/2/Onyx%201.jpg" alt="">
A rear terrace flows to the grassed lawn and a swimming pool and a rooftop deck has views across the city.  
Ray White New Farm agent Matt Lancashire has the listing.
Sparks, who played around 300 shows a year pre-COVID, was named the number one Australian DJ in 2014. 
 
 
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DJ Will Sparks lists Onyx, his luxury Paddington property

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Harry Triguboff's Meriton has seen a huge fall in profits in the recent financial year.
But Meriton has seen a 44 per cent boost in the number of units in various stages of development to 12,871 units.
It sat at 8954 in the 2019 annual return.
The financial documents lodged with the corporate regulator this week show after tax profits for Meriton Properties dropped 95 per cent from $356 million in 2019 to $19.4 million this year.
Revenue fell by $300 million to $1.45 billion as sales of apartments slowed and occupancy rates at his serviced apartments fell..
The Meriton balance sheet reveals a net asset base of $4.2 billion, up from $4.19 billion a year earlier, with more than $3.22 billion in land and buildings.
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At 30 June 2020, the company expected to spend $1,127,571,929 on future construction activities for jobs under construction.
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Meriton has some $227 million in vendor finance loans, up from $204 million. 
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The facilities are made on an average rate of 5.16% (2018: 5.86%) and are interest only loan with a maturity of two years.
The number of investment units including serviced apartments it owns now sits at 11,591 units, up 28 percent.
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It got $447 million in rents, down from $481 million, but signalling hopes of returning rental units into short-term stays as pandemic interim leases rolled off.
“Whilst the COVID-19 pandemic has impacted sales, service apartments and rental markets in the short term, the group is on track to return to pre-COVID-19 levels by June 30, 2021,” a note in the financial report advised.
Triguboff recently admitted to The Australian of being “scared” of the consequences for the property sector of a fall in immigrants during the pandemic.
The company paid no dividend.
Selling exposes dropped from $49 million to $37 million, while salaries rose from $99 million to $101 million.
Much of the drop in profit was due to the accounting treatment of Meriton's inventory as revaluations turned negative and were booked as a $248.8 million loss, compared to a $66.5 million gain a year earlier.
The devaluation flowed from the values Meriton ascribes to elements of its large suburban projects which it hands over to local authorities as public space or roads, the AFR advised.
The Meriton financial results noted the company had signed a settlement deed with the Australian Tax Office in September.
It was over a dispute covering the 2014-2017 tax years, resulting in a $67.64 million bill, including shortfall interest charges and penalties.
It noted Meriton booked an $8.3 million tax bill in 2020 after paying $149 million the previous year.
The annual report to June 30, 2020, noted a new board member added in October, Albert Chan.
He joins Harry Oscar Triguboff, James Sialepis, David Cremona and Matthew Thomas.
The banking facilities are subject to an annual review with $480 million facility due to mature on 31 May 2023.
The margin loan facilities are with Credit Suisse with a limit of $100 million, Cretonne with a limit of $125 million, and Citibank Private a limit of $100 million.
"These amounts are undrawn," it noted.
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