International developer&nbsp;<a href="https://www.apartments.com.au/developers/spg-land">SPG Land</a> is preparing to re-launch its long-awaited $1.5 billion <a href="https://www.apartments.com.au/new-apartments/paradiso-place-surfers-paradise-103-ferny-avenue-surfers-paradise-qld-4217">Paradiso Place</a> development at Budds Beach, bringing a new price point to the Surfers Paradise apartment market.

The developer will release one-bedroom apartments from $825,000 and two-bedroom apartments from $1.24 million in the three-tower development.

According to Urbis, the starting price for the two-bedroom apartments is more than $400,000 below the weighted average sale price for comparable two-bedroom apartments in Surfers Paradise during 2025, which was pinned at $1.7 million.

&nbsp;

Urbis reported quarterly average sale prices for new two-bedroom, two-bathroom apartments ranged from around $1.2 million to $1.7 million throughout 2025, peaking in the December quarter.

[smartcode_project:default project_id=106566 project_image_fid=185853]

Paradiso Place is now moving into its formal sales campaign, with a limited early-release opportunity available ahead of the public launch.

The development will comprise 845 apartments across three towers rising 40, 41 and 44 storeys from a 1.15-hectare site spanning an entire city block. The towers will sit above a new retail precinct.

"Paradiso Place represents a rare opportunity in today's market, offering premium apartments at a price point that is significantly more competitive than anything else currently available," SPG Land Sales Director Brad McMahon said.

"When you look at comparable new developments across Surfers Paradise, Main Beach and the Southern Beaches precinct, buyers are typically paying hundreds of thousands more for a similar product.

"The scale of this project and the developer-builder construction model allows us to unlock efficiencies that smaller developments simply cannot achieve. We are passing those benefits directly to buyers, while still delivering a five-star residential experience with an unmatched lifestyle."

[smartcode_project:default project_id=106566 project_image_fid=374280]

Each of the three towers designed by Rothelowman will have its own podium, connected by an elevated skybridge network to create a beachside village for residents. The resident amenity has been designed to rival a five-star hotel, with private dining rooms, resident lounges and entertainment spaces.

McMahon said the pricing strategy was a deliberate response to the current market.

"What Paradiso Place offers is a unique balance, genuine value within a premium market. Buyers are not compromising on quality, design or amenity, they are gaining access to it at a more competitive price point at a time when prices across the Gold Coast continue to reach new highs."

[smartcode_project:default project_id=106566 project_image_fid=362498]

Located around 100 metres from the beach and within walking distance of the Surfers Paradise North light rail station, Paradiso Place occupies one of the Gold Coast's most tightly held beachfront precincts.

Construction is continuing to progress, with eight of the project's 112 foundation piles now complete. Excavation has also commenced on the first diaphragm wall panel, with the first concrete poured on 15 June, marking a key milestone in the project's early works program.

[smartcode_project_cta:default project_id=106566]

Joel Robinson

SPG Land launches $1.5 billion Paradiso Place at attractive price point

Luxury developer-builder <a href="https://www.apartments.com.au/developers/lowe-living">Lowe Living</a> has achieved a new Victorian benchmark for an off-the-plan apartment, with the sale of two penthouses at its ultra-exclusive Maison Savoy development in Brighton.

The two penthouses achieved a combined sale rate of $49,926 per sqm. Both transactions eclipsed the previous identified Victorian off-the-plan price-per-square-metre benchmark, set by the 449 sqm apartment at Como Toorak, which sold at $46,659 per sqm.

[smartcode_project:default project_id=140818 project_image_fid=366473]

<a href="https://www.apartments.com.au/new-apartments/maison-savoy-brighton-150-esplanade-brighton-vic-3186">Maison Savoy</a>, Lowe Living's redevelopment of the former Brighton Savoy Hotel on absolute beachfront land at 150 The Esplanade, Brighton, has gained significant momentum since launching just eight weeks ago. Around 30 per cent of the project's 19 residences have already been secured, generating approximately $45 million in sales.

"Securing two of the three penthouse sales at this stage, within eight weeks of launching to market speaks to the confidence our clients place in Lowe Living," Lowe Living co-founder Emma Lowe said.

"They know we'll be with them through every stage of the journey, and that assurance is something we've worked hard to earn and never take for granted."

[smartcode_project:default project_id=140818 project_image_fid=366474]

Lowe said Maison Savoy was conceived as a genuine alternative to a prestige Brighton home, combining house-scale proportions with the convenience, security and lock-up-and-leave appeal of apartment living.

Lowe Living co-founder Tim Lowe said the early sales success demonstrated the resilience of Melbourne's prestige market and highlighted the growing demand for house-sized apartments among ultra-high-net-worth buyers.

"The Melbourne market has definitely been tested in recent years, with interest rates and global economic factors all creating a period of uncertainty across the real estate sector. The sales success at Maison Savoy however demonstrates that confidence remains exceptionally strong at the top end of the market.

"The prestige market is being driven by long-term lifestyle decisions rather than short-term market sentiment, which continues to create a level of certainty that befits an absolute beachfront property in a blue-chip location like Brighton.

"Brighton's fundamentals remain among the strongest in Melbourne, with limited new supply, enduring demand from an overwhelmingly local owner-occupier market, and a rare combination of beachfront amenity and proximity to the CBD."

[smartcode_project:default project_id=140818 project_image_fid=374378]

According to Cotality, Brighton remains one of Melbourne's most tightly held prestige suburbs, with an average ownership tenure of 15.3 years for houses and 12.3 years for units, while more than 73 per cent of homes are owner-occupied.

Tim Lowe said selling two of the project's three penthouses so early in the campaign was an uncommon result.

"This sales result is a reflection of quality and understanding the local market. It's incredibly rare to transact the penthouses so early in a sales campaign in any project so to have sold two of the three penthouses at Maison Savoy so soon after launch, all in-house without any external sales agency appointed, is reflective of our careful consideration of our buyers' needs and lifestyle.

"This is knowledge that is accumulated not just from data and demographic analysis, but via a deeply embedded understanding of how this type of buyer wants to live and feel in their home. We pride ourselves on getting to know our clients personally, and over the last 10 years we have been able to refine our product offering by talking one-on-one with our clients about their design and floorplan preferences.

"Being a fully integrated developer-builder with an in-house design and sales team allows us to lead every part of the process and ensure the highest quality of product and service at every touchpoint. It's a really important part of our DNA and the recent sales success at Maison Savoy indicates that our clients and purchasers are resonating with this point of difference.

"It reinforces that demand remains strong for thoughtfully designed residences that offer rarity, lifestyle and long-term value in tightly held locations, which ultimately validates Maison Savoy's positioning as creating a new benchmark for house-scale, wellness-led apartment living on Brighton's beachfront."

&nbsp;

[smartcode_project:default project_id=140818 project_image_fid=366480]

The residences at Maison Savoy start from 295 sqm, with most enjoying uninterrupted views across Port Phillip Bay. The project sits moments from the Brighton Bathing Boxes, Royal Brighton Yacht Club, Middle Brighton Baths and Church Street's retail and dining precinct.

A key feature of the development is its private residents-only bathhouse, curated by the founder of Aurora Spa &amp; Bathhouse and modelled on traditional European bathing rituals and the award-winning Sorrento bathhouse.

The wellness offering includes a hydrotherapy pool, salt room, sauna, steam room, cold plunge pool, foot activation zone and a Vichy rainfall bed, one of only a handful in Australia. Residents will also have access to a Technogym studio, lounge spaces and a dedicated concierge service offering everything from morning coffee delivery and restaurant bookings to dry cleaning and home coordination.

"Wellness-led design has become a defining factor for luxury buyers," Emma Lowe said.

"Purchasers increasingly value homes that enhance wellbeing through thoughtful design, private amenity, privacy and liveability."

The penthouse purchasers are now undertaking a bespoke customisation process curated personally by architect Pete Kennon and the Lowe Living team, one of the developer's signature service offerings.

Construction on the $160 million transformation of the former Brighton Savoy Hotel site commenced last month, with completion expected in early 2028. The project has secured funding from NAB alongside development partner Monark.

Just one penthouse remains available, along with a limited number of two and three-bedroom residences starting from $3.75 million.

Lowe Living currently has eight projects on the market across Melbourne and recently celebrated its 10th anniversary, having grown a $1 billion development pipeline alongside a $350 million construction pipeline.

&nbsp;

[smartcode_project_cta:default project_id=140818]

Lowe Living set new Melbourne off the plan apartment record

For more than three decades, Hyecorp has been delivering residential projects across Sydney's Lower North Shore, building a portfolio centred on design-led apartment living in some of the city's most established neighbourhoods.

Hyecorp recently launched the latest in its long line of apartment developments, Celine, a 29-storey tower on Archer Street in Chatswood. Like the majority of the developer's projects, Celine caters to a broad buyer demographic, offering a mix of one, two, three and four-bedroom apartments, all designed with owner-occupiers in mind.

Functionality and flexibility are often buzzwords in the new apartment market, but they sit at the core of Hyecorp's design philosophy.

Hyecorp Joint Managing Director Stephen Abolakian says the developer understands it isn't designing apartments for today's needs alone, but for how buyers will live several years into the future.

"When we launch our projects we need to be aware that these developments aren't finished for several years," Abolakian says.

"That home office in the here and now might be a nursery by the time the project completes for a prospective buyer, so we need to think about how the apartment spaces function for future uses so there's longevity in the ownership."

Celine's architects, Fuse, followed the same philosophy, saying the design extends well beyond aesthetics.

"Celine focuses on timeless architectural form and functionality, with a strong emphasis on light, proportion and materiality. The design responds to the urban context of Chatswood while delivering calm, highly liveable interiors that feel both contemporary and enduring. The floorplans have been carefully resolved to maximise usability and outperform typical market offerings in terms of efficiency and liveability."

Most apartments incorporate multipurpose rooms designed for flexibility. Each includes an integrated desk and a standard Murphy pull-down single bed, allowing the space to transition from a home office or study to guest accommodation as needs change. The layouts have also been designed to maximise natural light, storage and overall functionality.

One and two-bedroom apartments feature Miele appliances, while three and four-bedroom residences are appointed with integrated Gaggenau appliances and Taj Mahal stone benchtops.

Buyers who purchase early in the construction process can also take advantage of Hyecorp's "Live Your Way" interior design service, allowing them to personalise finishes and tailor elements of their home to suit their own lifestyle. It's a feature designed to appeal to owner-occupiers who want their apartment to feel uniquely theirs from the day they move in.

[smartcode_project:default project_id=149594 project_image_fid=362614]

While flexible floorplans have become a hallmark of Hyecorp's apartment design, the developer has also continued to place significant emphasis on resident amenity.

As buyers increasingly expect more from apartment living, shared spaces have evolved beyond a gym and barbecue area. They are now an extension of the home, providing spaces to relax, exercise, entertain and connect with neighbours.

At Celine, the resident amenity has been designed with a focus on wellness, centred on the level six podium. An infinity-edge swimming pool, spa, sauna and fully equipped gym are complemented by barbecue facilities and a residents' lounge, creating a range of spaces for relaxation, recreation and social connection above the streets of Chatswood.

Practical conveniences have also been integrated throughout the building, including EV charging provisions, smart parcel lockers, bicycle storage, a pet wash station and dedicated car wash bays, reflecting the project's focus on making everyday living as seamless as possible.

[smartcode_project:default project_id=149594 project_image_fid=362633]

"Celine has been designed to deliver a refined residential experience that reflects the evolution of Chatswood into a premium urban centre,"&nbsp;Abolakian says.

"With over 30 years of experience delivering projects across Sydney's Lower North Shore, Hyecorp brings a deep understanding of what local buyers value. Every detail has been considered to balance luxury, functionality and long-term liveability. This is not just about apartments, but about creating a lasting residential address for discerning buyers."

Hyecorp, vertically-integrated builder-developer, is anticipating construction commencement later this year.

[smartcode_project_cta:default project_id=149594]

Hyecorp brings 30 years of Lower North Shore experience to Celine in Chatswood

Burgeoning South East Queensland developer <a href="https://www.apartments.com.au/developers/frank-developments">Frank Developments</a> is continuing to pad out its capital city development pipeline.

The developer, led by Frank Licastro, has its sights set on Kingsford Smith Drive in Hamilton, where it is planning <a href="https://www.apartments.com.au/new-apartments/avela-60-kingsford-smith-drive-albion-qld-4010">AVELA</a>, a 166-apartment development across three towers that tier down from 28 storeys to 19 and 17.

The towers will rise above the iconic Breakfast Creek Hotel.

Frank has brought on Melbourne architecture practice <a href="https://www.apartments.com.au/architects/rob-kennon-architects">Kennon</a> to design the building, conceived as a “defining architectural marker where the airport corridor meets the inner city.”

<img alt="First look: Frank Developments plans sculptural AVELA for Brisbane's Breakfast Creek gateway" data-entity-type="file" data-entity-uuid="e787c64e-f0a4-4725-891e-e86b40ee5c5c" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/AVELA.png?VersionId=1ulwuZ9w2vQ2td7v.J2zUI7Ih_DT4Kwz" />

Kennon describes the project as a once-in-a-generation opportunity.

"Positioned at the northern gateway of Brisbane's primary CBD corridor, this project represents a singular moment in the city's urban evolution, one that will not come again," the architecture practice said in the documents submitted to the Brisbane City Council.

"Where the airport and world beyond meets the city, the building will rise as a sculptural landmark, a defining piece of architecture that signals arrival into Brisbane and anchors the connection between the city and the communities to its north."

<img alt="First look: Frank Developments plans sculptural AVELA for Brisbane's Breakfast Creek gateway" data-entity-type="file" data-entity-uuid="d572bf62-a98d-4847-95d0-889e3d3283e1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/AVELA%20podium.png?VersionId=6.Ax4jBzTbY5ahm55iaMWNR03ODhDQSm" />

The development is centred around owner-occupier apartments, with a mix of two, three and four-bedroom residences designed to capitalise on city and river views.

Four basement levels accommodate resident parking, allowing the podium to prioritise pedestrian activity and public-facing uses like ground-floor retail, a cafe, a&nbsp;neighbourhood grocer, and a public accessible indoor pickleball court and event space.&nbsp;

There will be nearly 2,000 sqm of communal wellness and recreation facilities across three levels.

<img alt="First look: Frank Developments plans sculptural AVELA for Brisbane's Breakfast Creek gateway" data-entity-type="file" data-entity-uuid="c5ac3cbf-3c11-4219-89f3-e12d9e0f9ffd" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/AVELA%20podium%20A.png?VersionId=_.4zd1HLCKa1s6I_oxkY4NNqX6o3Yevn" />

&nbsp;

Frank Developments has increasingly focused on design-led residential projects across South East Queensland.

AVELA is Licastro's second on Kingsford Smith Drive following <a href="https://www.apartments.com.au/new-apartments/alba-92-kingsford-smith-drive-hamilton-qld-4007">Alba</a>, 85 apartments just down the road. The developer has <a href="https://www.apartments.com.au/new-apartments/mira-61-garfield-terrace-surfers-paradise-qld-4217">MIRA</a> and <a href="https://www.apartments.com.au/new-apartments/myst-burleigh-heads-270-the-esplanade-miami-qld-4220">MYST</a> on the Gold Coast, as well as <a href="https://www.apartments.com.au/new-apartments/murano-teneriffe-37-wyandra-street-new-farm-qld-4005">Murano</a> coming up in Teneriffe and <a href="https://www.apartments.com.au/new-apartments/bel-air-33-oxlade-drive-new-farm-qld-4005">Bel Air in New Farm</a>.

Frank Developments plans sculptural AVELA for Brisbane's Breakfast Creek gateway

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

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

Sydney’s property market is known for high prices, competitive bidding, and mounting pressure on first home buyers. But change is on the horizon.

From late 2025, eligible first home buyers in New South Wales will have access to a new federal government initiative aimed at addressing affordability: the Help to Buy Scheme.&nbsp;

<h2>What is the Help to Buy Scheme?</h2>

The program introduces a shared equity model intended to reduce the upfront cost of entering the property market, particularly in high-demand urban areas such as Sydney.

The scheme operates under a shared ownership structure in which the federal government takes an equity stake of up to 40 per cent for new homes, or 30 per cent for existing dwellings. This arrangement allows eligible buyers to significantly reduce their loan size and avoid the added cost of Lenders Mortgage Insurance (LMI).

Under this model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required. The government’s contribution is not a loan but a co-ownership stake in the property. As such, there is no interest or rent charged on its portion.

Because the government’s equity combined with the buyer’s deposit typically meets or exceeds the 20 per cent threshold, LMI does not apply. The remaining balance, generally between 60 and 70 per cent of the property’s value, is financed through a standard home loan with a participating lender.

The government's equity in the property remains in place until the buyer chooses to repay it voluntarily or until the property is sold. Buyers can buy back the government’s share over time, in increments of at least five per cent, depending on their financial situation.

There is no fixed repayment timeline, but the amount to be repaid will be based on the property's market value at the time of repayment, not the original purchase price.

<h2>How do you qualify for the&nbsp;Help to Buy Scheme?</h2>

To qualify for the Help to Buy Scheme, applicants must meet the following conditions:

<ul>
	<li>Be an Australian citizen at least 18 years of age.</li>
	<li>Be a first-home buyer who does not currently own property.</li>
	<li>Intend to live in the property as their primary residence.</li>
	<li>Earn less than $100,000 per year for individuals, or $160,000 for couples.</li>
	<li>Purchase a property within the regional price caps, currently $950,000 in Sydney, though this is expected to rise to approximately $1.3 million ahead of the program’s launch.</li>
</ul>

While the Help to Buy Scheme does not solve affordability challenges across the board, it does offer a more accessible pathway for a defined segment of the market, particularly younger buyers with moderate incomes who have been priced out of traditional lending routes.

The scheme is expected to commence in NSW in late 2025, as part of a national rollout.

Under the new model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required

Help to Buy Scheme: What first home buyers in NSW need to know

The First Home Owners Grant (FHOG) is a government initiative designed to help eligible first-time home buyers by offering financial assistance towards the purchase or construction of a new home.

While the FHOG is a nationwide program, it is administered separately by each state and territory, meaning the eligibility criteria, grant amounts, and property requirements can vary depending on your location. This means that the amount available and the conditions attached to the grant will differ, so it is important to check the specific guidelines for your state or territory.

It’s important to note that the FHOG is just one of several incentives available to first home buyers. In most states and territories, the grant is not linked to stamp duty exemptions or concessions, with the exception of the Australian Capital Territory (ACT). The FHOG is typically a one-off payment, reducing the overall cost of purchasing or building a new home before any stamp duty concessions are applied.

Below, we provide a breakdown of the First Home Owner Grants available across Australia, outlining the specific details for each state and territory.

<h2>New South Wales First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $600,000. For land purchases and owner-builders, the threshold extends to $750,000.

Stamp Duty Benefits: Provides full stamp duty exemption for homes valued up to $800,000, with concessions available for properties up to $1 million.

<h2>Victoria South Wales First Home Owner Grant</h2>

First Home Owner Grant: Provides a $10,000 grant for first-home buyers purchasing or building new homes valued up to $750,000.

Stamp Duty Benefits: Offers full stamp duty exemption for properties up to $600,000, with concessions available up to $750,000.

<h2>Queensland First Home Owner Grant</h2>

First Home Owner Grant: Offers $30,000 for contracts signed between 20 November 2023 and 30 June 2025. The FHOG applies to new homes valued up to $750,000.

Stamp Duty Concessions: Provides additional concessions for properties valued up to $800,000.

<h2>Western Australia First Home Owner Grant</h2>

&nbsp;

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $750,000 in the southern regions and up to $1 million in the northern regions.

Stamp Duty Concessions: Available for homes valued up to $600,000 for transactions entered into on or after 9 May 2024.

<h2>Australian Capital Territory First Home Owner Grant</h2>

First Home Owner Grant: Replaced by the Home Buyer Concession Scheme, offering full stamp duty concessions for eligible buyers.

<h2>South Australia First Home Owner Grant</h2>

First Home Owner Grant: Provides up to $15,000 for new homes, including houses, apartments, and townhouses. As of 6 June 2024, there is no property value cap for eligibility.

Stamp Duty Relief: Available for new homes and vacant land purchases.

<h2>Tasmania First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes and off the plan purchases.

Stamp Duty Exemption: Between 18 February 2024 and 30 June 2026, first home buyers of established homes valued up to $750,000 receive a full exemption on property transfer duty.

<h2>Northern Territory First Home Owner Grant</h2>

First Home Owner Grant: The Northern Territory provides a $10,000 grant for new homes only. Additional government grants and concessions are available for first home buyers.

Stamp Duty Exemption: The only stamp duty exemption available to property buyers is the House and Land Package Exemption (HLPE).

Eligibility criteria and application processes differ across states. Prospective buyers should refer to their respective state revenue offices for full details on grant availability, conditions, and additional concessions.

Every First Home Owner Grant for new property by state

In the ever-evolving landscape of sustainable architecture and environmentally conscious design, systems and ratings in place can help determine the energy efficiency of residential buildings in Australia.

Australia has multiple building rating systems that evaluate energy efficiency and sustainability in existing and new building designs.

Some systems assess individual building components, while others provide an overall rating for the entire structure.

A rating system ensures that homes are comfortable and energy-efficient, whether you are buying, renovating, or building.

NatHERS (Nationwide House Energy Rating Scheme) is a common way for new homes to meet energy efficiency requirements.

As new developments continue to shape the urban environment, understanding NatHERS ratings becomes essential for developers and homeowners. This article delves into the concept of NatHERS ratings, their significance, and how they contribute to creating energy-efficient homes.

<h2>What is NatHERS?</h2>

NatHERS is a national initiative implemented by the Australian government to promote energy efficiency in residential buildings. The scheme aims to provide a standardised method for assessing the thermal performance of homes, considering factors such as insulation, orientation, ventilation, and building materials.&nbsp;

NatHERS ratings are the most common way new homes meet the National Construction Code's (NCC's) minimum energy efficiency requirements.&nbsp;

NatHERS assessments provide thermal and whole-home ratings for new homes, townhouses, and apartments.

The rating helps evaluate the energy performance of buildings, guides homeowners and developers to make informed decisions about the energy efficiency of their properties, and encourages the construction of more sustainable, comfortable, and cost-effective homes.

<h2>How NatHERS Ratings Work</h2>

NatHERS ratings are determined through four accredited software tools (AccuRate, BERS Pro, FirstRate5, HERO) using a calculation engine CSIRO developed to predict building temperature based on various factors.

The tools can model complex effects of building mass, insulation, window size, and other elements.

The outcome is a star rating that reflects the building's overall thermal efficiency, indicating how well it can maintain a comfortable indoor temperature without excessive reliance on heating or cooling systems.

The star rating scale ranges from 0 to 10, with a 6-star rating being the minimum requirement for compliance with the National Construction Code (NCC).&nbsp;

Achieving a higher star rating demonstrates a commitment to energy efficiency and sustainability, as the building is better equipped to minimise its environmental impact and reduce long-term energy costs.

Anyone can use NatHERS tools, but accredited assessors can provide certified ratings and professional advice.

<h2>Benefits of Higher NatHERS Ratings</h2>

Energy Efficiency: Buildings with higher NatHERS ratings are more energy-efficient, requiring less heating and cooling energy. This reduces the structure's carbon footprint and lowers occupants' energy bills.

Cost Savings: Homes with higher NatHERS ratings are generally more energy-efficient, resulting in reduced energy consumption for heating and cooling. This translates to lower energy bills for homeowners, making sustainable living environmentally friendly and economically viable in the long run.

Environmental Impact: Lower energy consumption directly translates to a reduced environmental impact. Buildings with higher NatHERS ratings contribute to the overall goal of mitigating climate change by lowering greenhouse gas emissions associated with heating and cooling systems.

Improved Comfort: Buildings with high NatHERS ratings offer better thermal comfort to occupants. Proper insulation, well-designed ventilation, and optimal orientation maintain a consistent and comfortable indoor temperature, providing occupants with a more enjoyable and healthier space.

Market Value and Desirability: Higher NatHERS ratings can enhance the market value of a property. As energy efficiency becomes a more significant consideration for homebuyers, a well-rated building may attract a premium price and stand out in the real estate market.

Compliance with Building Codes: NatHERS ratings are a vital component of the National Construction Code (NCC), and compliance with these ratings is often a mandatory requirement for new developments. Local councils and planning authorities may set minimum energy efficiency standards that must be met to obtain development approval.

The Nationwide House Energy Rating Scheme (NatHERS) is a crucial initiative shaping the future of energy-efficient, resilient, and cost-effective homes. With its recent upgrades, NatHERS has evolved into a world-leading tool for the building sector, supporting the global commitment to achieving net-zero emissions by 2050.

Staff Writer

What is a NatHERS rating in new off the plan apartment developments?

Mixed-use developments have gained significant popularity across Australia in recent years due to their unique blend of residential, commercial, and recreational spaces.

Unlike traditional single-purpose developments, mixed-use projects offer a harmonious integration of various functions within a single locale.

Residential units seamlessly coexist with commercial establishments, retail outlets, dining venues, entertainment hubs, and recreational facilities, with the combination not only enhances convenience but also fosters a vibrant lifestyle and a sense of community.

<h3>Convenience and accessibility</h3>

Mixed-use developments are designed with convenience in mind. They often integrate residential units with commercial spaces, retail outlets, restaurants, and recreational facilities, creating a self-contained community.

[smartcode_project:default project_id=114215 project_image_fid=204874]

The proximity allows residents to enjoy the convenience of having essential amenities and services within walking distance. Whether it's grabbing a cup of coffee, going grocery shopping, or accessing healthcare services, everything is conveniently located, saving residents time and effort.

<h3>Vibrant lifestyle and community</h3>

One of the major advantages of mixed-use developments is the vibrant lifestyle they offer. With a diverse range of amenities and communal spaces, residents have ample opportunities to interact, socialise, and build a sense of community.

[smartcode_project:default project_id=107714 project_image_fid=214122]

The presence of parks, community centres, and shared spaces fosters a lively atmosphere, encouraging residents to engage in various activities and events. The vibrant lifestyle within these developments creates a unique sense of belonging and camaraderie among the residents.

<h3>Potential for higher rental yields and property value appreciation</h3>

Mixed-use developments tend to attract a broad range of tenants and buyers due to their versatile nature. This high demand can result in higher rental yields for investors and potentially lead to property value appreciation over time.

[smartcode_project:default project_id=139989 project_image_fid=212887]

The integration of commercial and retail spaces attracts businesses, which can provide a stable rental income stream. Additionally, the popularity of mixed-use developments often drives up property values, making them a potentially lucrative investment in the long term.

<h3>Enhanced security and maintenance</h3>

Mixed-use developments typically have comprehensive security measures in place. With controlled access points, CCTV surveillance, and professional security staff, residents can enjoy enhanced safety and peace of mind.

[smartcode_project:default project_id=108019 project_image_fid=212658]

Additionally, these developments often have dedicated maintenance teams responsible for the upkeep of common areas, landscaping, and infrastructure. This ensures that the overall appearance and functionality of the development are well-maintained, creating a pleasant living environment for residents.

<h3>Live-work-play balance</h3>

One of the key attractions of mixed-use developments is the ability to achieve a desirable live-work-play balance. The integration of residential and commercial spaces allows residents to live closer to their workplaces, reducing commuting time and improving work-life balance.

The proximity to various amenities and recreational facilities encourages an active and healthy lifestyle. Residents can easily access fitness centres, parks, restaurants, and entertainment options, all within the same development, leading to a more fulfilling and convenient way of life.

alisonwarters@gmail.com

The top five reasons to buy in a mixed-use development

When buying a property, everyone needs to be aware of the additional costs that come as part of the buying process.

Often the largest outlay, after the deposit which goes to the bank, is stamp duty.

<h2 style="line-height: 1.38;">What is Stamp Duty?</h2>

Stamp duty is an extra tax to pay the government when you buy land, a property, and other certain assets.

It happens when the legal ownership is transferred. It can also be known as property transfer duty or transfer duty.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/C32BWkB5--c" title="YouTube video player" width="660"></iframe>

<h2>Who pays Stamp Duty?</h2>

In some circumstances, you may get an exemption. For some states, you won’t have to pay for stamp duty if you are a first home buyer or a pensioner for houses under a particular price. There are also stamp duty concessions, where you may be entitled to a discount.

<h2>How much does Stamp Duty cost?</h2>

Each state has different rules which affect how much you need to pay. These rules can affect the rate you pay, and the timeframe you will need to pay in. Before you buy land or a property, make sure you check the up-to-date information for your state’s stamp duty.

You can use a free stamp duty calculator online to see approximately how much you’ll need to pay. Find out if you’re eligible for an exemption by enquiring on a project via Urban!

Overall, the stamp duty you need to pay will depend on:

<ul>
	<li aria-level="1">How much your land/property is worth</li>
	<li aria-level="1">Where your land/property is located</li>
	<li aria-level="1">What type of land/property it is</li>
</ul>

Want to find out more? <a href="https://www.youtube.com/@UrbanAustralia?utm_source=YouTube&amp;utm_medium=Video&amp;utm_campaign=Subscribe&amp;utm_id=Subscribe">Subscribe to our YouTube channel</a> for more property videos.

Ellen Walker

Off-the-plan property explained: What is stamp duty?

<html><body>
<img src="/images/stories/36point1.jpg">
The estimated conditional sales price agreed for the <a target="_blank" title="Centro Newton Plaza" href="https://www.propertyobserver.com.au/retail/centro-sells-adelaide-shopping-centre-following-brisbane-settlement/2011092051630">Centro Newton Plaza in Adelaide</a>. Centro says the conditional sale was achieved at price above the June 30, 2011 valuation, which is recorded as $36.2 million. At this valuation price, it reflects a yield of 10% based on gross annual rent of $3.6 million. The centre, part of Centro’s MCS 37 Syndicate, is located at 84 Gorge Road in Newtown, four kilometres southwest of the Adelaide CBD. 
<hr>
 
<img src="/images/stories/40m.jpg">
The amount <a target="_blank" href="https://www.propertyobserver.com.au/leisure/wellington-intercontinental-sold-for-nz%2450-million/2011092051615">a New Zealand-based investor has paid to acquire Wellington’s five-star InterContinental Hotel</a>, the top commercial sale of the year to date across the Tasman.  The hotel was put up for sale in June this year by Sydney-based owner Eureka Funds Management, with Jones Lang LaSalle Hotels appointed to market the property.  The sale was negotiated by Jones Lang LaSalle executive vice-president Dean Humphries and senior vice-president Ross Beardsell.
 
<hr>
<img src="/images/stories/10point3.jpg"> 
<a target="_blank" href="https://www.propertyobserver.com.au/retail/centro-sells-adelaide-shopping-centre-following-brisbane-settlement/2011092051630">The estimated yield achieved following the sale of Centro’s Whites Hill Centre in Camp Hill, Brisbane</a> for $15.5 million to a neighbouring landowner. This price is $200,000 above the June 30 2011 independent valuation. Whites Hill was built in 2003. It attracts gross annual rent of $1.6 million, has gross lettable space of just under 4,000 square metres and is anchored by Woolworths.
 
<hr>
<img src="/images/stories/7m.jpg"> 
The mount Queensland billionaire and mining supremo <a target="_blank" href="https://www.propertyobserver.com.au/leisure/clive-palmer-buys-distressed-golf-courses-at-discount/2011092051616">Clive Palmer is believed to have paid for the Robina Woods and The Colonial golf courses</a> on the Gold Coast. The <a href="https://www.propertyobserver.com.au/news/babcock-and-browns-queensland-golf-course-investment-caught-in-the-rough/2011070750736" target="_blank">courses were put on the block in July</a> under instructions from McGrathNicol, receivers and managers of Playmore Golf Pty Ltd. Playmore acquired them in 2002 for $7.8 million from the American Golf Corporation. The golf courses were marketed on behalf of receivers by Mark Witheriff and Paul Nyholt of CBRE, with McVay Real Estate’s Will and Sam McVay.
 
<hr>
<img src="/images/stories/86point75.jpg"> 
The amount Altis Property Partners paid for the St. Leonards Corporate Centre on the Sydney North Shore. The two-four level office buildings, warehouses and 22 industrial units formed part of the unlisted Orchard Diversified Property Fund. The sale was negotiated by Ian Hethrington and Darren Curry of Savills and Graham Russell and Matt Lee of CBRE, the Australian Financial Review reported.
Know of a commercial sales deal? <a href="mailto:news@propertyobserver.com.au" target="_blank">Let us know</a>.
</body></html>

lschlesinger-FZcF9M3vE6

Commercial hammer prices

<html><body>
<a href="https://www.propertyobserver.com.au/residential/auction-buyer-ordered-to-pay-%24350000-shortfall-after-failing-to-settle/2011090551415" target="_blank"><img src="/images/stories/350k.jpg"></a>
The shortfall that the winning bidder at a Sydney auction <a href="https://www.propertyobserver.com.au/residential/auction-buyer-ordered-to-pay-%24350000-shortfall-after-failing-to-settle/2011090551415" title="Bidder forced to pay" target="_blank">had to pay when she reneged on the contract</a>. Lily Maria Gubbay was ordered to pay the difference between her winning bid and what the property sold for three months later. 
 
<hr>
<a href="https://www.propertyobserver.com.au/land/land-tax-by-the-numbers-what-investors-must-know/2011090451408" title="Land tax" target="_blank"><img src="/images/stories/600k.jpg"></a>
 
The threshold for <a href="https://www.propertyobserver.com.au/land/land-tax-by-the-numbers-what-investors-must-know/2011090451408" title="Land tax" target="_blank">land tax in Queensland</a>, the state with the highest land tax threshold. 
 
<hr>
 
<a href="https://www.propertyobserver.com.au/residential/gary-ablett-buys-on-gold-coast/2011090251405" title="Gary Ablett" target="_blank"><img src="/images/stories/2m.jpg"></a>
The cost of <a href="https://www.propertyobserver.com.au/residential/gary-ablett-buys-on-gold-coast/2011090251405" title="Gary Ablett" target="_blank">Gary Ablett's new home on the Gold Coast.</a> It is 10 kilometres from the Gold Coast Suns’ oval, Metricon Stadium. Ablett was apparently introduced to the property by the McGrath Estate Agent group.
 
<hr>
<a href="https://www.propertyobserver.com.au/retail/sydney-damelian-car-dealer-in-receivership-two-weeks-after-failing-to-sell/2011090551427" title="Damelian car yards" target="_blank"><img src="/images/stories/1978.jpg"></a>
 
The year Rick Damelian founded Damelian Automobile car dealership in Sydney. <a href="https://www.propertyobserver.com.au/retail/sydney-damelian-car-dealer-in-receivership-two-weeks-after-failing-to-sell/2011090551427" title="Damelian car yards" target="_blank">The dealership went into receivership this week </a>after failing to sell at auction last month.
 
<hr>
 
<a target="_blank" title="NSW budget" href="https://www.propertyobserver.com.au/residential/nsw-to-scrap-stamp-duty-concessions-for-existing-homes-from-2012/2011090651441"><img src="/images/stories/17990dol.jpg"></a>
The exemption that some first-home buyers could miss out on from January 1, 2012, as the N<a target="_blank" title="NSW budget" href="https://www.propertyobserver.com.au/residential/nsw-to-scrap-stamp-duty-concessions-for-existing-homes-from-2012/2011090651441">SW government has decided to scrap first-home buyer concessions for existing homes</a>.
 
<hr>
<a target="_blank" title="Queensland castle" href="https://www.propertyobserver.com.au/commercial/queensland-property-offers-chance-to-be-king-of-the-1970s-castle/2011090751466"><img src="/images/stories/100k.jpg"></a>
 
The average yearly income from a <a target="_blank" title="Castle" href="https://www.propertyobserver.com.au/commercial/queensland-property-offers-chance-to-be-king-of-the-1970s-castle/2011090751466">Sunshine Coast castle that is up for sale</a> with price hopes o f between $3 million and $4 million. The castle was built in 1972 by a Scottish expat and is used as a function and event centre, as well as a tourist attraction.
 
<hr>
<a target="_self" title="NQR islands in FNQ" href="https://www.propertyobserver.com.au/retail/not-so-perfect-islands-for-sale-in-fnq/2011090751465"><img src="/images/stories/21point5.jpg"></a>
 
The last sale price for Beddara Island, one of a pair of <a target="_blank" title="FNQ islands" href="https://www.propertyobserver.com.au/retail/not-so-perfect-islands-for-sale-in-fnq/2011090751465">cyclone-ravaged islands in far north Queensland that have been listed for sale.</a>
</body></html>

cknowlton-QnEa6ntUYP

The 7 must-know numbers of the week

<html><body>
<img src="/images/stories/occupy.gif">
- Former president Bill Clinton, to David Letterman
Clinton says the Occupy Wall Street movement reminded him of the early days of the tea party fighting "unaccountable power."
"The Occupy Wall Street crowd basically is saying, ‘I'm unemployed and the people that caused this have their jobs again and their bonuses again and their incomes are high again. There's something wrong with this country. This is not working for me’," Clinton says. "So I think it can be a good positive debate."
But conservatives have dubbed the movement "the flea party".
Earlier in the week at the Chicago's Chase Auditorium <a href="https://www.time.com/time/specials/packages/article/0,28804,2096504_2096506_2096669,00%20#ixzz1ahOVIPWh" target="_blank">Clinton spoke at length on the housing crisis</a>: "This is killing us." He told a Chicago Ideas Week event in a one-on-one talk with the former president and Time managing editor Rick Stengel that he couldn’t understand why devalued property was being dumped into a depressed market throwing Americans out of their homes.
He stressed that mortgage interest rates or leasing options should be made available to home owners who face foreclosure. The priority should be eliminating the bad debt that collectively sinking American home owners, Clinton said.
"If you live on a block where someone else's home has been foreclosed, your home went down in value too. It's affecting everyone."
<a href="https://www.politico.com/news/stories/1011/65846#ixzz1ahMvxzHO" target="_blank">Clinton said an economic boost would only require getting foreclosed homes off the market </a>by offering cash-strapped home owners leases on their own properties with the option to deal back into mortgages later. "We've got to clean this debt up."
</body></html>

jchancellor-FAypfDUnLy

Quote of the week

<html><body>
<a href="https://www.propertyobserver.com.au/auctions/lacklustre-weekend-auctions-but-clicks-suggest-buyers-loom-with-bigger-pockets-after-rba-rate-cut/2011110752233" target="_blank"><img src="/images/stories/357percent.jpg"></a>
The <a href="https://www.propertyobserver.com.au/auctions/lacklustre-weekend-auctions-but-clicks-suggest-buyers-loom-with-bigger-pockets-after-rba-rate-cut/2011110752233" target="_blank">percentage increase in unique page visits to Mortgage Choice's website</a> since the RBA's Melbourne Cup Day rate cut. The activity centred on Mortgage Choice’s <a style="font-size: 14px; text-align: left;" href="https://www.mortgagechoice.com.au/calculators/how-much-can-i-borrow.aspx" target="_blank">‘How much can I afford to borrow’ website calculator</a>.
 
<hr>
<a href="https://www.propertyobserver.com.au/rural/chisolm-descendants-list-goulburn-district-property-after-180-years-of-family-ownership/2011110752234" target="_blank"><img src="/images/stories/180.jpg"></a>
 
The number of years the <a href="https://www.propertyobserver.com.au/rural/chisolm-descendants-list-goulburn-district-property-after-180-years-of-family-ownership/2011110752234" target="_blank">Chisholm family have owned South Raeburn</a>, their 632-hectare NSW farm, which they recently listed for sale.  The Breadalbane property has had the single family ownership since colonial settlement. It's been listed for December 15 auction. 
 
<hr>
<a href="https://www.propertyobserver.com.au/trends/strong-new-investment-buying-intent-as-most-australians-think-property-will-be-pricier-in-five-years-cua/2011110752247" target="_blank"><img src="/images/stories/58percent.jpg"></a>
 
The <a href="https://www.propertyobserver.com.au/trends/strong-new-investment-buying-intent-as-most-australians-think-property-will-be-pricier-in-five-years-cua/2011110752247" target="_blank">percentage of Australians who think property will be pricier in five years' time</a>, according to the latest CUA survey. Just 18% anticipate property prices will be below current levels in five years’ time.
 
<hr>
 
<a href="https://www.propertyobserver.com.au/residential/actor-toni-collette-and-muso-david-galafassi-fall-for-the-charms-of-contemporary-inner-city-paddington/2011110752250" target="_blank"><img src="/images/stories/6m.jpg"></a>
The approximate price actor <a href="https://www.propertyobserver.com.au/residential/actor-toni-collette-and-muso-david-galafassi-fall-for-the-charms-of-contemporary-inner-city-paddington/2011110752250" target="_blank">Toni Collette and her musician husband, David Galafassi, spent on a double-fronted Paddington terrace</a>. The five-bedroom house will replace their hillside house at Bronte, <a style="font-size: 14px; text-align: left;" href="https://www.propertyobserver.com.au/new-south-wales/toni-collette-set-to-cop-%24900000-loss-as-bronte-cottage-renovation-plans-shelved/2011110752228" target="_blank">on which the renovation rebuild costings defied property logic and has prompted its listing</a>.
 
<hr>
<a target="_blank" href="https://www.propertyobserver.com.au/auctions/land-prices-find-their-footing-on-mona-vale-beachfront/2011110852255"><img src="/images/stories/3point28.jpg"></a>
 
The price achieved for a<a target="_blank" href="https://www.propertyobserver.com.au/auctions/land-prices-find-their-footing-on-mona-vale-beachfront/2011110852255"> not-quite-knockdown five-bedroom Mona Vale beachfront house</a>. Just a few doors along,<a href="https://www.propertyobserver.com.au/new-south-wales/max-delmege-s-sydney-northern-beaches-property-finally-gets-over-the-line/2011102652087" target="_blank" style="font-size: 14px; text-align: left;"> the resort-like Mona Vale beachfront residence of the veteran property developer Max Delmege and his wife, Narelle, sold earlier this month for a reputed $3.5 million</a>. Peninsula rumours suggest it may have been a tad less, but there’s no confirmation from the selling agents. The $3.28 million listing reflected $4,059 per square metre, compared with the Delmege sale at $4,022 per square metre.
 
<hr>
 
<a href="https://www.propertyobserver.com.au/retail/one-million-weekly-london-shoppers-buoy-westfield/2011110852254" target="_blank"><img src="/images/stories/1m.jpg"></a>
The <a href="https://www.propertyobserver.com.au/retail/one-million-weekly-london-shoppers-buoy-westfield/2011110852254" target="_blank">number of shoppers who visited Westfield's new Stratford City store in its opening week</a>. Noting its global portfolio was performing strongly and sales of its non-core US malls were progressing, Wesfield has reaffirmed its forecast for a distribution per security of 48.4¢ and operational segment earnings of 74.6¢ per security.
 
<hr>
 
<a target="_blank" href="https://www.propertyobserver.com.au/trends/mortgage-holder-confidence-soars-following-november-rate-cut-westpac/2011110952274"><img src="/images/stories/13point6.jpg"></a>
The percentage by which <a target="_blank" href="https://www.propertyobserver.com.au/trends/mortgage-holder-confidence-soars-following-november-rate-cut-westpac/2011110952274">confidence among mortgage holders increased</a> following the RBA's Melbourne Cup Day rate cut, according to the Westpac Melbourne Institute Index of Consumer Sentiment, which improved in November. 
 
 
 
</body></html>

<html><body>
<a href="https://www.propertyobserver.com.au/residential/house-prices-fall-slightly-in-best-result-in-seven-months-rp-data-rismark/2011103052126" target="_blank"><img src="/images/stories/0point2percent.jpg"></a>
The amount <a href="https://www.propertyobserver.com.au/residential/house-prices-fall-slightly-in-best-result-in-seven-months-rp-data-rismark/2011103052126" target="_blank">house prices fell nationwide in September</a>, according to the latest RP Data-Rismark Hedonic Home Value Index. This was the smallest decline in seven months. “Housing market conditions are starting to show some green shoots now," RP Data research director Tim Lawless says. 
 
<hr>
<a target="_blank" href="/news"><img src="/images/stories/19point8.jpg"></a>
The percentage of <a target="_blank" href="/news">new borrowers who chose fixed-rate mortgages in the month of October</a>, according to Mortgage Choice. This was up from 17% in September and significantly higher than the 12-month average of 13.5%.
 
<hr>
<a href="https://www.propertyobserver.com.au/economy/rate-cut-will-help-the-economy-and-boost-confidence-say-quick-draw-industry-players/2011110152155" target="_blank"><img src="/images/stories/025.jpg"></a>
The amount by which the Reserve Bank cut interest rates on Melbourne Cup Day. Industry experts were quick to comment that the <a href="https://www.propertyobserver.com.au/economy/rate-cut-will-help-the-economy-and-boost-confidence-say-quick-draw-industry-players/2011110152155" target="_blank">cut would be good for the economy and housing market</a>.
 
<hr>
<img src="/images/stories/4m.jpg">
The approximate price hopes for the former Pittwater home of Australian actor Chips Rafferty. It is set on a 2,538-square-metre block at Lovett Bay north of Sydney and includes Raffety’s display wall – complete with beer bottles, some bearing the date 1952.
 
<hr>
<a href="/news"><img src="/images/stories/9percent.jpg"></a>
The <a href="/news">amount house prices in Hobart are down compared with their peak</a>, according to RP Data. “It’s not attracting lifestyle buyers or prospective retirees. There are no tree changers coming to Hobart. The market has been dependent on them in the past,” says RP Data research director Tim Lawless.
 
<hr>
 
<a target="_self" href="https://www.propertyobserver.com.au/residential/residential-building-conditions-still-soft-hia/2011110252178"><img src="/images/stories/14percent.jpg"></a>
The amount by which <a target="_self" href="https://www.propertyobserver.com.au/residential/residential-building-conditions-still-soft-hia/2011110252178">building approvals were down in September</a>, according to the ABS. But HIA acting chief economist Andrew Harvey says approvals rose by 0.7% in the month of September in the core detached housing segment of the market.
 
<hr>
<a target="_blank" href="https://www.propertyobserver.com.au/residential/domenic-alveros-smallest-house-in-surry-hills-rises-to-win-international-prize/2011110352199"><img src="/images/stories/42sqm.jpg"></a>
 
The size of the block that <a target="_self" href="https://www.propertyobserver.com.au/residential/domenic-alveros-smallest-house-in-surry-hills-rises-to-win-international-prize/2011110352199">Small House, Surry Hills' smallest residence</a>, is built upon. The house, which belongs to Sydney architect Domenic Alvaro, has been awarded the World House of the Year at the prestigious 2011 World Architectural Festival award ceremony in Barcelona.
</body></html>

<html><body>
<a href="https://www.propertyobserver.com.au/economy/unhappily-perhaps-banks-pass-on-full-rate-cuts/2011121152772" target="_blank"><img src="/images/stories/25bps.gif"></a>
The amount of the RBA's most recent rate cut, <a href="https://www.propertyobserver.com.au/economy/unhappily-perhaps-banks-pass-on-full-rate-cuts/2011121152772" target="_blank">which all four big banks and most second-tier lenders passed on in full to borrowers</a>. However, in statements the banks hinted that they would not be so generous in future, emphasising the economic uncertainty in Europe. 
 
<hr>
<a href="https://www.propertyobserver.com.au/overseas/ebay-buyer-of-us%2418000-washington-property-liable-for-us%241.2-million-in-tax-liens/2011121152781" target="_blank"><img src="/images/stories/1point2mill.gif"></a>  
<a href="https://www.propertyobserver.com.au/overseas/ebay-buyer-of-us%2418000-washington-property-liable-for-us%241.2-million-in-tax-liens/2011121152781" target="_blank">The amount in tax liens the buyer of a $18,000 Washington DC property owes to the federal and state governments in the US</a>. The new owner, whose identity is not yet available, will possibly soon realise he or she is also responsible for paying the unpaid US$1.2 million in federal and state tax liens.
 
<hr>
<img src="/images/stories/50point5.gif"> 
Sydney's auction clearance rate the weekend of December 10, one of the lowest auction clearance rates of the year. Melbourne's clearance rate improved slightly, though, from 53% the previous weekend to 55%.
 
<hr>
 
<a target="_blank" href="https://www.propertyobserver.com.au/auctions/fitzroy-north-house-where-helen-garner-wrote-70s-novel-monkey-grip-sells-in-suburb-s-third-residential-sale-above-%243-million/2011121252791"><img src="/images/stories/3point185.gif"></a>
The<a target="_blank" href="https://www.propertyobserver.com.au/auctions/fitzroy-north-house-where-helen-garner-wrote-70s-novel-monkey-grip-sells-in-suburb-s-third-residential-sale-above-%243-million/2011121252791"> sale price achieved for the Fitzroy North house where Helen Garner wrote seminal 1970s novel Monkey Grip</a>. It ranks as the suburb's third residential sale above $3 million.
 
<hr>
<a target="_blank" href="https://www.propertyobserver.com.au/residential/mandurah-residents-among-those-with-most-housing-stress-in-perth/2011121252812"><img src="/images/stories/17percent.gif"></a>
 
The percentage of <a target="_blank" href="https://www.propertyobserver.com.au/residential/mandurah-residents-among-those-with-most-housing-stress-in-perth/2011121252812">inner-city Perth residents who are in housing stress</a>, according to lobby group Australians for Affordable Housing. It is experiencing the second highest rate of housing stress of all Perth municipalities, according to a new report by lobbying group Australians for Affordable Housing.
 
<hr>
 
<a href="https://www.propertyobserver.com.au/residential/new-house-starts-decline-for-seventh-straight-quarter-abs/2011121352817" target="_blank"><img src="/images/stories/7numb.gif"></a>
The number of consecutive quarters that the <a href="https://www.propertyobserver.com.au/residential/new-house-starts-decline-for-seventh-straight-quarter-abs/2011121352817" target="_blank">number of new housing starts across Australia has declined</a>, according to ABS figures.
 
<hr>
<a href="https://www.propertyobserver.com.au/new-south-wales/home-and-away-actress-holly-brisley-lists-in-bondi-beach/2011121352830" target="_blank"><img src="/images/stories/7mplus.gif"></a>
 
The price hopes for Home and Away actress<a href="https://www.propertyobserver.com.au/new-south-wales/home-and-away-actress-holly-brisley-lists-in-bondi-beach/2011121352830" target="_blank"> Holly Brisley's Bondi Beach apartment</a>, which hit the market this week.
 
 
</body></html>

<html><body>
<a href="https://www.propertyobserver.com.au/residential/incredible-prediction-of-australian-property-bloodbath-excites-twitter/2012012053102" target="_self"><img src="/images/stories/60.jpg"></a>
The amount by which American<a href="https://www.propertyobserver.com.au/residential/incredible-prediction-of-australian-property-bloodbath-excites-twitter/2012012053102" target="_blank"> self-described "real estate expert" Jordan Wirsz predicts Australian house prices will fall</a> in the next five years. Prominent property doom commentator Steve Keen  expressed ironic relief via Twitter that another analyst has forecast even worse tidings than his longstanding forecast for the Australian property market.
 
<hr>
 
<a target="_self" href="https://www.propertyobserver.com.au/residential/top-10-suburbs-with-the-highest-annual-growth-in-2011in-victoria-reiv/2012012253105"><img src="/images/stories/10point8.jpg"></a>
The <a target="_blank" href="https://www.propertyobserver.com.au/residential/top-10-suburbs-with-the-highest-annual-growth-in-2011in-victoria-reiv/2012012253105">annual capital growth in Prahran during 2011</a>, the highest capital growth in Victoria during the year.
 
<hr>
 
<a href="https://www.propertyobserver.com.au/residential/melbourne-metro-house-prices-5.2-cheaper-than-a-year-ago-reiv/2012012253107" target="_self"><img src="/images/stories/5point2percent.jpg"></a>
The <a href="https://www.propertyobserver.com.au/residential/melbourne-metro-house-prices-5.2-cheaper-than-a-year-ago-reiv/2012012253107" target="_blank">overall drop in Melbourne house prices in 2011</a>, according to the Real Estate Institute of Victoria. The institute puts the median house price at $550,000, a minor increase of 1.9% from the revised September quarter median of $540,000, but 5.2% down on a median of $580,000 a year ago.
 
<hr>
<a href="https://www.propertyobserver.com.au/residential/sydney-and-melbourne-in-the-top-five-least-affordable-cities-in-the-world-demographia/2012012353110" target="_blank"><img src="/images/stories/3number.jpg"></a>
 
<a href="https://www.propertyobserver.com.au/residential/sydney-and-melbourne-in-the-top-five-least-affordable-cities-in-the-world-demographia/2012012353110" target="_blank">Sydney's rank on the list of the most unaffordable cities in the world,</a> according to the Eighth Annual Demographia International Housing Affordability Survey. Melbourne is ranked fourth, and Adelaide, Brisbane and Perth are all in the top 15. 
 
<hr>
 
<a target="_blank" href="https://www.propertyobserver.com.au/residential/chinese-appetite-for-gold-coast-property-soars-to-record-highs-in-2010-11-colliers/2012012353056"><img src="/images/stories/66point9.jpg"></a>
The amount of money that <a target="_blank" href="https://www.propertyobserver.com.au/residential/chinese-appetite-for-gold-coast-property-soars-to-record-highs-in-2010-11-colliers/2012012353056">offshore Chinese buyers spent on Gold Coast property during the 2010-11 financial year</a>. Chinese buyers accounted for nearly a third of foreign purchases of Queensland residential real estate during the 2010-11 financial year
 
<hr>
 
<a href="https://www.propertyobserver.com.au/new-south-wales/nicole-kidman-to-auction-last-piece-of-far-south-coast-nsw-land-title-tattle/2012012353116" target="_self"><img src="/images/stories/1point2mill.gif"></a>
The amount <a href="https://www.propertyobserver.com.au/new-south-wales/nicole-kidman-to-auction-last-piece-of-far-south-coast-nsw-land-title-tattle/2012012353116" target="_self">Nicole Kidman has hoped to secure for her landholding on the NSW far south coast </a>since 2008. She will auction the property next month.
 
<hr>
<img src="/images/stories/4m.jpg">
 
The sale price Singaporean businessman Ronald Ooi paid for Dame Joan Sutherland's childhood home, a derelict cottage in Woollahra. Several years before her death Sutherland noted: "Unfortunately, from the time my family gave up the house, the deterioration set in.”
 
 
</body></html>

<html><body>
<a href="https://www.propertyobserver.com.au/residential/queensland-government-to-extend-building-boost-until-april/2012011253029" target="_blank"><img src="/images/stories/10k.jpg"></a>
The amount of money that is on offer from the Queensland government to build a new home under $600,000. The Queensland building boost was meant to end at the end of January but <a href="https://www.propertyobserver.com.au/residential/queensland-government-to-extend-building-boost-until-april/2012011253029" target="_blank">has been extended until April</a>.
 
<hr>
 
<a target="_self" href="https://www.propertyobserver.com.au/economy/february-rate-cut-tipped-to-boost-australian-housing-market/2012011253030"><img src="/images/stories/99percent.jpg"></a>
The <a target="_self" href="https://www.propertyobserver.com.au/economy/february-rate-cut-tipped-to-boost-australian-housing-market/2012011253030">probability that the futures marketing is pricing for an RBA interest rate cut in February</a>. Many economists, including Westpac's Bill Evans, concur that the Reserve Bank is likely to slash rates again when it next meets. 
 
<hr>
 
<a href="https://www.propertyobserver.com.au/overseas/investors-dry-up-as-dixon-advisory-raises-%2431-million-for-us-property-fund-in-third-capital-raising/2012011353033" target="_self"><img src="/images/stories/31m.jpg"></a>
The amount that <a href="https://www.propertyobserver.com.au/overseas/investors-dry-up-as-dixon-advisory-raises-%2431-million-for-us-property-fund-in-third-capital-raising/2012011353033" target="_self">Dixon Advisory's US Residential Masters Fund secured in its second round of capital raising</a>. The $31 million raised equates to less than a quarter of the maximum $140 million that was sought from investors, suggesting appetite for the fund has diminished <a href="https://www.propertyobserver.com.au/residential/overseas/australian-investment-fund-snaps-up-19-properties-in-us-state-of-new-jersey/2011070150672" style="font-size: 14px; text-align: left;">since the fund listed in June</a> last year.
 
<hr>
 
<a target="_blank" href="https://www.propertyobserver.com.au/victoria/warrnambool-emerges-but-queensland-s-gladstone-still-darling-of-investment-experts/2012011653050"><img src="/images/stories/3number.jpg"></a>
The number of s<a target="_blank" href="https://www.propertyobserver.com.au/victoria/warrnambool-emerges-but-queensland-s-gladstone-still-darling-of-investment-experts/2012011653050">uburbs on Smart Property Investment magazine’s 2012 list of 50 suburbs or towns with the most capital growth potential</a> that received multiple votes. The three hotspots were the Victorian town of Warrnambool and the Queensland mining towns of Gladstone and Rockhampton.
 
<hr>
 
<img src="/images/stories/17percent.gif">
The percentage increase from the June 2011 quarter to the September 2011 quarter in the number of sales in Queensland. Some regions recorded substantial jumps in activity as buyers finally started to foray back into the market.
 
<hr>
<a target="_blank" href="https://www.propertyobserver.com.au/residential/sydney-house-rents-up-%2455-per-week-in-six-months-but-brisbane-rents-down-residex/2012011753063"><img src="/images/stories/55dollars.jpg"></a>
 
The amount that the <a target="_blank" href="https://www.propertyobserver.com.au/residential/sydney-house-rents-up-%2455-per-week-in-six-months-but-brisbane-rents-down-residex/2012011753063">median rent rose for Sydney houses rose between June 2011 and December 2011</a>. Median house rents rose from $500 to $555 in the space of six months, according to the latest Residex data.
 
<hr>
<a href="https://www.propertyobserver.com.au/new-south-wales/jimmy-barnes-lists-his-botany-industrial-investment-title-tattle/2012011853079" target="_blank"><img src="/images/stories/3mil.jpg"></a>
 
The amount that Cold Chisel frontman <a href="https://www.propertyobserver.com.au/new-south-wales/jimmy-barnes-lists-his-botany-industrial-investment-title-tattle/2012011853079" target="_blank">Jimmy Barnes hopes to secure for two industrial warehouse investments</a> in the Sydney suburb of Botany. They cost $2.3 million in 2009 when bought by Barnes and his wife, Jane. 
 
</body></html>

<html><body>
<a href="https://www.propertyobserver.com.au/leisure/hotels-outperform-all-other-commercial-sectors-ipd/2011120452602" target="_blank"><img src="/images/stories/17percent.gif"></a>
The<a href="https://www.propertyobserver.com.au/leisure/hotels-outperform-all-other-commercial-sectors-ipd/2011120452602" target="_blank"> total returns for the hotel sector during the past 12 months</a> according to results released by the Property Council of Australia and real estate information group IPD. This was significantly higher than those generated for office, retail and industrial assets, which all returned about 10%.
 
<hr>
 
<a target="_blank" href="/news"><img src="/images/stories/414num.gif"></a>
The number of <a target="_blank" href="/news">Mortgage Choice franchises in Australia</a>. The company is the biggest player in the mortgage broking market.
 
<hr>
<a target="_blank" href="https://www.propertyobserver.com.au/international/disney-fan-snaps-up-replica-house-from-pixar-s-up/2011120552684"><img src="/images/stories/400k.gif"></a>
 
The price Clinton and Lynette Hamblin have paid for a <a target="_blank" href="https://www.propertyobserver.com.au/international/disney-fan-snaps-up-replica-house-from-pixar-s-up/2011120552684">Utah house that is a replica of the house belonging to Ellie and Carl Fredrickson lived in in the 2009 Pixar movie Up</a>. "It really shows you don't have to have a palatial mansion. A home is a place where you create memories," the home's builder, Adam Bangerter, said of his decision to create it.
 
<hr>
<a href="https://www.propertyobserver.com.au/victoria/brighton-bathing-box-market-buoyant/2011120652689" target="_blank"><img src="/images/stories/2m.jpg"></a>
The <a href="https://www.propertyobserver.com.au/victoria/brighton-bathing-box-market-buoyant/2011120652689" target="_blank">approxiate amount the 10 sales of Brighton beach bathing boxes have netted this year</a>. The market for the colourful icons has been booming, with 10 sold last year and a further three currently on the market. Bayside Council intends to auction another two newly built boxes early next year.
 
<hr>
 
 
<a href="https://www.propertyobserver.com.au/economy/relief-as-rba-cuts-rates-by-25-basis-points/2011120652694" target="_blank"><img src="/images/stories/4point25percent.gif"></a>
 
The <a href="https://www.propertyobserver.com.au/economy/relief-as-rba-cuts-rates-by-25-basis-points/2011120652694" target="_blank">official cash rate</a> following the RBA's decision to cut interest rates by 25 basis points. Many banks, including <a href="/news">Bank of Queensland</a>, <a href="/news">ME Bank</a>, and all four of the majors, are passing the full rate cut onto their customers.
 
<hr>
 
<a target="_blank" href="https://www.propertyobserver.com.au/developments/harry-triguboff-s-meriton-group-to-build-700-serviced-apartments-next-year-across-australia/2011120752737"><img src="/images/stories/700.gif"></a>
The <a target="_blank" href="https://www.propertyobserver.com.au/developments/harry-triguboff-s-meriton-group-to-build-700-serviced-apartments-next-year-across-australia/2011120752737">number of serviced apartment Harry Triguboff's Meriton group intends to build</a> across Australia next year.
 
<hr>
 
<a href="https://www.propertyobserver.com.au/residential/housing-affordability-improving-slowly-in-all-mainland-capitals-hia/2011120852744" target="_blank"><img src="/images/stories/5point2percent.jpg"></a>
The <a href="https://www.propertyobserver.com.au/residential/housing-affordability-improving-slowly-in-all-mainland-capitals-hia/2011120852744" target="_blank">improvement in housing affordability compared with the same time in 2010</a>, according to the Housing Industry of Australia. Housing affordability increased for the third consecutive quarter. 
</body></html>

<html><body>
<a target="_blank" href="https://www.propertyobserver.com.au/leisure/marilynne-paspaley-abandons-plans-for-rottnest-island-resort-pinctada/2011112752561"><img src="/images/stories/70m.gif"></a>
The expected cost of the <a target="_blank" href="https://www.propertyobserver.com.au/leisure/marilynne-paspaley-abandons-plans-for-rottnest-island-resort-pinctada/2011112752561">planned luxury Pinctada resort development on WA’s Rottnest Island</a>, which will not be proceeding due to "constraints". Developer and former actor Marilynne Paspaley has abandoned plans for a resort on the island, saying outdated bureaucratic processes killed off her vision.
 
<hr>
 
<a href="https://www.propertyobserver.com.au/overseas/warren-buffett-pays-very-little-property-tax-too/2011112752563" target="_blank"><img src="/images/stories/13859.gif"></a>
The amout of <a href="https://www.propertyobserver.com.au/overseas/warren-buffett-pays-very-little-property-tax-too/2011112752563" target="_blank">property tax that billionaire Warren Buffett pays each year</a>. Buffett has lived in the same modest house in Omaha, Nebraska for a very long time. Forbes did the research after Buffett drew lots of attention to himself a few months ago, saying he paid a very low rate of income taxes as well.
 
<hr>
<a href="https://www.propertyobserver.com.au/residential/point-piper-on-the-chinese-tourist-route-for-insight-into-the-privileged-lives-of-communist-party-princelings/2011112852568" target="_blank"><img src="/images/stories/32point4.gif"></a>
 
The cost of <a href="https://www.propertyobserver.com.au/residential/point-piper-on-the-chinese-tourist-route-for-insight-into-the-privileged-lives-of-communist-party-princelings/2011112852568" target="_blank">Craig-y-Mor, the Point Piper house owned by Zeng Wei and his wife, Jiang Mei</a>. Zeng Wei is the son of a former vice-president of China, and Chinese tourists have taken to driving past the house for a glimpse into the lives of the couple.
 
<hr>
 
<a target="_blank" href="https://www.propertyobserver.com.au/industry-news/the-apprentice-saved-yellow-brick-road-%2450-million-mark-bouris/2011112852573"><img src="/images/stories/50mill.jpg"></a>
The amount that <a target="_blank" href="https://www.propertyobserver.com.au/industry-news/the-apprentice-saved-yellow-brick-road-%2450-million-mark-bouris/2011112852573">Yellow Brick Road founder Mark Bouris says Celebrity Apprentice saved the company</a>. Bouris, who hosts the show, says Yellow Brick Road would have had to embark on a $50 million marketing campaign over an 18-month period to generate the increase in brand recognition the company has achieved following its close association with Channel 9’s Celebrity Apprentice.
 
<hr>
 
<a href="/news"><img src="/images/stories/56days.gif"></a>
<a href="/news">The average amount of time it takes to sell a house in Australia</a>, according to RP Data. A year ago it took an average of 46 days to sell a house
 
<hr>
 <a target="_blank" href="https://www.propertyobserver.com.au/overseas/dixon-advisory-attracts-815-more-aussies-to-take-a-punt-on-us-housing-investment/2011112952603"><img src="/images/stories/815.gif"></a>
 
The<a target="_blank" href="https://www.propertyobserver.com.au/overseas/dixon-advisory-attracts-815-more-aussies-to-take-a-punt-on-us-housing-investment/2011112952603"> number of Australians who have poured $26.9 million in the first round of a three-stage capital-raising exercise by Dixon Advisory's US Masters Fund</a>, which buys investment properties in the American state of New Jersey. 
 
<hr>
 
<a href="https://www.propertyobserver.com.au/residential/australian-housing-market-more-at-risk-than-pre-gfc-america-the-economist/2011112852565" target="_blank"><img src="/images/stories/25percent.gif"></a>
The<a href="https://www.propertyobserver.com.au/residential/australian-housing-market-more-at-risk-than-pre-gfc-america-the-economist/2011112852565" target="_blank"> amount that Australian residential property is overvalued</a>, according to The Economist magazine. Australian house prices are more vulnerable to a major correction than the US housing market was before its collapse following the GFC, the magazine says.
</body></html>

Latest Property News

SPG Land launches $1.5 billion Paradiso Place at attractive price point

Guides

Editor's Picks

Guides

Developments

New apartments

New townhouses

News

Latest Property News

SPG Land launches $1.5 billion Paradiso Place at attractive price point

Guides

Editor's Picks

Receive the latest news stories to your inbox

Guides

Developments

New apartments

New townhouses

News