Roseville is poised for a wave of new apartment development following the NSW Government's rezoning of land around Roseville Station under its Transport Oriented Development program.

The new planning controls have unlocked significant development potential within walking distance of the station, with a number of sites expected to be amalgamated and redeveloped in the coming years as developers seek to take advantage of the increased density allowances.

One of the more restrained developments in the precinct, and set among the first to be delivered having commenced well before the recent changes, is Hyecorp's Juliet. The boutique apartment project is already well under construction and remains on track to welcome residents by the end of the year, offering a markedly different proposition to many of the larger-scale developments now likely to emerge across the suburb.

[smartcode_project:default project_id=7395 project_image_fid=278194]

<a href="https://www.apartments.com.au/new-apartments/juliet-roseville-64-pacific-highway-roseville-nsw-2069">Juliet</a> will comprise just&nbsp;34 one-, two-, and three-bedroom apartments opposite Roseville Station. For Hyecorp, which has delivered projects across Sydney's Lower North Shore for more than three decades, Roseville presented a rare opportunity to address a growing gap in the market.

"<a href="https://www.apartments.com.au/developments/roseville-nsw-2069">Roseville</a> has long been one of the North Shore's most tightly held and desirable suburbs, offering a unique combination of village charm, established greenery, excellent transport connections, and proximity to some of Sydney's best schools and lifestyle amenities," Hyecorp said.

"We recognised a growing demand from local homeowners seeking to downsize without leaving the community they have built their lives around. The location presented a rare opportunity to create homes that cater specifically to that buyer profile."

[smartcode_project:default project_id=7395 project_image_fid=278196]

The six-level development has been designed by <a href="https://www.apartments.com.au/architects/pbd-architects">PBD Architects</a> as a collection of residences that feel more like homes than apartments. The brief centred generous floorplans, abundant natural light, quality finishes, and strong connections to outdoor space.

PBD Architects drew inspiration from Roseville's established garden suburb character, creating a building that sits comfortably within its surroundings rather than dominating them. The architecture incorporates natural materials, soft forms, layered landscaping, expansive balconies, and generous setbacks to strengthen the connection between residents and the suburb's leafy environment.

"The focus was on designing spacious, house-like residences for discerning owner-occupiers and downsizers who wanted to remain on the North Shore without compromising on comfort, privacy, or design," PBD said.&nbsp;

"Every apartment was to feel considered, timeless, and highly functional."

[smartcode_project:default project_id=7395 project_image_fid=278195]

Inside, residences feature engineered timber flooring, stone kitchen benchtops and splashbacks, integrated Fisher &amp; Paykel appliances, ducted air conditioning, and large outdoor entertaining areas designed to take advantage of district and treetop views.

Residents will also have access to a rooftop barbecue and lounge area, alongside practical amenities including parcel lockers, EV charging capability, bicycle storage, a dog wash bay, and a basement car wash facility.

The majority of purchasers so far have been local owner-occupiers from Roseville, Lindfield, Chatswood, Killara, and the broader Upper North Shore, many of whom are transitioning from larger family homes.

"Buyers are looking for spacious, house-like apartments that allow them to downsize without feeling like they are sacrificing comfort or functionality," Hyecorp noted.

"They value large kitchens, generous living areas, ample storage, quality finishes, secure parking, lift access, and low-maintenance living."

[smartcode_project:default project_id=7395 project_image_fid=278204]

Juliet sits directly opposite Roseville Train Station and within walking distance of Roseville Village, while Chatswood's retail and dining precinct is only minutes away. The development is also surrounded by some of Sydney's most established schools, including Roseville College, Ravenswood, Pymble Ladies' College, and Knox Grammar, as well as nearby parklands and golf courses.

Juliet is currently more than 75 per cent sold ahead of its anticipated completion in late 2026.

[smartcode_project_cta:default project_id=7395]

Joel Robinson

Juliet to sit quietly amid Roseville apartment boom

Sherpa Property Group has unveiled the third instalment of its Flourish series, securing full approval for the two-tower, $500 million Flourish Soleira development in Palm Beach.

<a href="https://www.apartments.com.au/new-apartments/flourish-soleira-1150-1154-gold-coast-highway-palm-beach-qld-4221">Flourish Soleira</a> will rise from a prominent site in the commercial heart of Palm Beach, the long-time home of Cash Converters and a range of local retailers.

The project will introduce a new retail and dining precinct at ground level, beneath 286 apartments.

[smartcode_project:default project_id=150017 project_image_fid=370959]

“We’re very committed to not only providing affordable residential offerings that are much needed in Palm Beach, but also delivering a vibrant new commercial heart that complements the extraordinary growth of the southern Gold Coast,” Sherpa Property Group founder Christie Leet said.

The development will sit under Sherpa's Flourish brand, which is aimed at providing a pathway into the beachside suburb for locals, first-home buyers and downsizers. In a move designed to assist first-home buyers entering the market, Sherpa has reserved all one and two-bedroom, one-bathroom apartments exclusively for eligible first-home buyers.

[smartcode_project:default project_id=150017 project_image_fid=370964]

“Our vision through Flourish is to create a vibrant retail and lifestyle focal point within the Palm Beach centre zone, delivering thriving communities underpinned by lifestyle-rich locations,” Leet said.

“So far, Flourish has been an incredible success, and we hope to carry this momentum as we progress the next two Flourish projects in Palm Beach.”

[smartcode_project:default project_id=150017 project_image_fid=371430]

Located across 1150-1164 Gold Coast Highway and 3 Sixth Avenue, the development will comprise two towers. The northern tower will deliver 154 apartments, while the southern tower will add a further 132 residences, helping address ongoing demand for new apartments in the tightly held coastal suburb.

Flourish Soleira will also feature the most extensive rooftop amenity offering ever delivered in Palm Beach.

The two towers will be connected by a skybridge, with residents gaining access to a rooftop recreation deck featuring a full-width swimming pool, hot and cold plunge pools, wellness spaces, a gymnasium, private dining facilities, massage treatment rooms, barbecue areas, a basketball court, golf simulator, indoor and outdoor dining spaces, sun lounges and extensive landscaping.

LPS Group is expected to start construction later this year.

Sherpa is already well advanced on construction of its debut Flourish project, Flourish Amargo, located just around the corner from Soleira. Meanwhile, Flourish Oasis, positioned opposite Amargo, recently commenced construction and has nearly sold out its collection of 47 apartments.

[smartcode_project_cta:default project_id=150017]

Sherpa unveils $500m mixed-use Palm Beach precinct, Flourish Soleira

Are mortgage holders set to get a reprieve from the RBA in 2026?

Big Four bank NAB believes so. They are now expecting the next move from the RBA to be a cut, rather than a hike, which they had pencilled in for August. They are unsure of the timing of the cut however, they note in their latest&nbsp;NAB Economics RBA Watch.

NAB Chief Economist, Dr Sally Auld, said recent data suggests the economy has lost momentum and the outlook for rates has shifted, noting that the broader economic backdrop has changed since earlier in the year.

“The next move in the cash rate is likely to be down, but the timing is uncertain," Dr Auld said.

"In February, growth was above trend, the economy was operating above capacity and there was uncertainty over the restrictiveness of rates. None of these conditions exist today,” she outlined.

Dr Auld said recent data pointed to softer momentum across the economy while acknowledging that at the same time, uncertainty remains a key feature of the outlook.

“Both Q1 GDP data and the NAB business survey suggest momentum in the economy has slowed, meaning that growth has likely peaked for the cycle. That said, we are cognisant there is still considerable uncertainty around the outlook, both with respect to activity and inflation.”

Dr Auld said inflation risks and labour market outcomes would be important to watch.

“On the prices side, we are still forecasting above target core inflation through to mid-2027. Margins will compress and weaker labour market outcomes are a risk.”

She said tighter financial conditions are expected to weigh on housing and activity.

“Tighter financial conditions will be reflected in a slowing in house price growth and housing credit growth. In summary, we have greater conviction that the next move in rates is down, but less conviction on the timing.”

Mortgage relief? NAB forecasts RBA rate cut, not hike, after softer economic conditions

A local downsizer has splashed $6.5 million on a penthouse in Perifa's Alex &amp; Willow development in Crows Nest. 
&nbsp; 
The purchaser sold their long-held family home in the area before embarking on a six-month search for the right apartment. After inspecting a range of options across the Lower North Shore, the buyer returned to <a href="https://www.apartments.com.au/new-apartments/alex-willow-crows-nest-82-90-alexander-street-crows-nest-nsw-2065">Alex &amp; Willow</a>. 
&nbsp; 
The buyer profile reflects the project’s broader purchaser mix. <a>Alex &amp; Willow</a> has attracted predominantly local downsizers looking to transition from larger homes without compromising on space or quality, alongside a smaller cohort of upsizers and investors drawn to the project’s location and design credentials. 
&nbsp; 
The milestone sale comes as the project, developed by&nbsp;<a href="https://www.apartments.com.au/developers/perifa">Perifa</a>&nbsp;and delivered by <a href="https://www.apartments.com.au/builders/versatile-made-construction">Versatile Construction</a>, both part of Versatile Group, reaches 60 per cent sold.

[smartcode_project:default project_id=6680 project_image_fid=371325] 
&nbsp; 
Eddie Mansour, Managing Partner of <a href="https://www.apartments.com.au/project-marketer/ray-white-projects">Ray White Projects</a>, said the result demonstrates not only a headline price but also depth of demand. 
&nbsp; 
“This is an exceptional outcome and a clear reflection of sustained buyer demand for premium, well-located downsizer product,” Mansour said.

“We’re seeing a consistent pattern of local homeowners selling family residences and reinvesting into high-quality apartments that allow them to remain within their community. Alex &amp; Willow has resonated strongly with this group because it offers genuine scale, thoughtful design and immediate proximity to the village.” 
&nbsp; 
The sale reflects a broader and consistent trend of local downsizers actively seeking high-quality, low-maintenance residences close to established village centres. Agents report that demand for this product type has remained resilient, particularly where developments offer a rare combination of scale, design quality and walkable amenity. 
&nbsp;&nbsp; 
Fabrizio Perilli, Managing Director of Perifa and Versatile Group, said the sale marks a defining moment for the project. 
&nbsp; 
“The penthouse sale is a strong endorsement of the quality we have delivered, alongside our partners, and the clear demand from local downsizers for premium, boutique residences in this location,” Perilli said.&nbsp; 
&nbsp; 
“Most importantly, we’re proud to see the Alex &amp; Willow community beginning to take shape. As we move closer to completion, we’re looking forward to welcoming residents and seeing the project come to life.”&nbsp;

[smartcode_project:default project_id=6680 project_image_fid=338516] 
&nbsp; 
Designed by <a href="https://www.apartments.com.au/architects/nettletontribe">Nettleton Tribe</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/richards-stanisich">Richards Stanisich</a>, Alex &amp; Willow is a boutique collection of generously sized two- and three-bedroom residences in the heart of Crows Nest village.&nbsp;

Completion is slated for early 2027.

[smartcode_project_cta:default project_id=6680]

Alex & Willow, Crows Nest penthouse sells off the plan for $6.5 million

Fresh from launching the first stage of its Wollongong precinct, <a href="https://www.apartments.com.au/new-apartments/keira-place-wollongong-120-122-smith-street-wollongong-nsw-2500">Keira Place</a>, builder-developer Urban Property Group has unveiled plans for the next phase of the masterplanned community.

Now on public exhibition through the NSW Government's Housing Delivery Authority pathway is a State Significant Development Application for a further 657 homes on the prominent gateway site opposite Beaton Park.

The proposal comprises three buildings, including two build-to-sell towers rising 25 and 30 storeys, delivering 391 apartments, alongside a 12-storey co-living building with 266 residences, making it one of the largest co-living proposals currently planned in regional New South Wales.

Of the apartments proposed in the build-to-sell towers, the majority, 310, are two-bedroom dwellings. The balance comprises 44 one-bedroom apartments and 37 three-bedroom residences. Apartment sizes range from around 50 sqm for one-bedroom homes to approximately 90 sqm for three-bedroom apartments.

<img alt="Smith St" data-entity-type="file" data-entity-uuid="19347059-1612-41a0-9c74-b86a657237f8" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-10%20at%2010.02.18%E2%80%AFAM.png?VersionId=sWXnaCcA.cIC6N8YT1dg5pJ2e1V3Z6z7" />

The submission says the proposal has evolved significantly from its original Housing Delivery Authority application following extensive consultation with the State Design Review Panel and Wollongong City Council.

The final scheme has been designed to align with the emerging vision for the Flinders Street Precinct, an area identified by Council as a future high-density mixed-use neighbourhood capable of accommodating substantial housing growth close to transport, employment and community infrastructure.

According to the design report prepared by COX Architecture, the development aims to "deliver a built outcome consistent with the future character of the Wollongong CBD while responding to the site's unique constraints and opportunities."

"Our vision for the next phase of the site evolution in Wollongong is grounded in three design pillars that guide the design response: place, natural environment and celebration," COX said.

"Inspired by its surroundings and grounded in the stories of place on Wodi Wodi Country, the design proposal acknowledges the established character of its setting while creating a unique and timeless identity that sits harmoniously within it.

"The design proposal responds to its specific site conditions, acknowledging the vegetation, climate, wind conditions and solar access of the site."

The architecture responds directly to the site's position between Wollongong's urban core and its natural landscape setting.

COX identified views towards Mount Keira and the Illawarra Escarpment as defining features of the site, while the upper levels of the towers will also capture expansive views across the city and out to the Pacific Ocean.

The design team has positioned the tallest buildings closer to the rail corridor, where overshadowing impacts can be better managed while establishing a landmark built form on the northern approach into the city.

<img alt="Smith St" data-entity-type="file" data-entity-uuid="79580d5b-500c-4ebf-9629-797146a4a694" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-10%20at%209.51.59%E2%80%AFAM.png?VersionId=WbTB1EKSG.KDfsfz0F3wp1QVa2oCMGR5" />

Urban Property Group secured the 11,000 sqm Smith Street site in 2022 and has since progressed plans for the broader Keira Place precinct.

Construction recently commenced on the first stage of Keira Place, which will deliver 150 apartments across two residential buildings, including 27 affordable housing apartments and 18 specialist disability accommodation dwellings, alongside activated ground-floor retail and commercial space.

Urban Co-CEO Patrick Elias said the commencement of construction marked a significant milestone for Wollongong and reflected the developer's long-term commitment to regional cities.

"Today's groundbreaking is about turning approvals into homes and moving quickly to deliver much-needed housing in Wollongong's city centre," Elias said.

"Keira Place will provide a diverse mix of homes close to jobs, transport and services, while setting a high benchmark for quality, durability and consumer protection."

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/groundbreaking-marks-start-of-construction-at-keira-place-in-wollongong-cbd">Groundbreaking marks start of construction at Keira Place in Wollongong CBD</a>

&nbsp;

&nbsp;

&nbsp;

Urban Property Group unveils trio of towers for next stage of new Wollongong precinct, Keira Place

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>
The theatrical couple Cate Blanchett and Andrew Upton are abandoning Sydney, selling their little-used Sydney CBD bolthole as they now prefer the English countryside.
Their 1920s Astor apartment had $12 million hopes.
Originally three apartments, the two-storey Macquarie Street was once home to entertainer Barry Humphries and mortgage broker Mark Bouris (photo below) who concluded the combination of the apartments.
<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/2020/9/21/Astor%20before.jpg" alt="">
It's best known for when occupied by entertainer Barry Humphries, before it sold for $800,000 in 1987, and then extended with the addition of another apartment.
It comes with sweeping semi-spiral staircase to the upper level.
<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/2020/9/21/Blanchett%203.jpg" alt="">
It has been reported Blanchett and her husband, playwright and ­director Andrew Upton, bought in the company title block from Bouris for $8 million in 2015.
With more than 400 sqm space, it has views over the Domain to the Opera House.
Having been listed through <a href="https://www.prestigehomes.com.au/property/1P0252/sold/" target="_blank">Christe's International</a>, it was reported as sold on the weekend.
It was bought after their Hunters Hill home, Bulwarra, was sold for $18 million in 2017. They also sold their Berowra Waters weekender.
The Astor is the 12-storey complex that once dominated not only the city skyline but Sydney society.
<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/2020/9/21/Blanchett%202.jpg" alt="">
The Sydney Harbour Bridge engineer Lawrence Ennis would look through his telescope to check on the progress of the bridge's construction from his rental.
The Astor was Sydney's highest residential building from 1923 until 1960. Over the years its has been home to former Treasury secretary John Fraser, adman Harold Mitchell, the late Pioneer founder Sir Tristan Antico and style-setters, ad man John Nankervis and his then wife Amanda.
The Astor was Sydney's highest residential building from 1923 until 1960.
Its off-the-plan prices ranged from 1500 pounds to 2700 pounds.
The Blanchett-Upton's retain an investment apartment on the Elizabeth Bay harbourfront, but reside at Highwell House, near Crowborough in the East Sussex countryside.
</body></html>

jchancellor-FAypfDUnLy

Cate Blanchett sells Astor apartment on Sydney's high society Macquarie Street

<html><body>
Situated in the heart of Brisbane's Cannon Hill, is the latest boutique townhome development by Azure, <a href="/buildings/cornelia-edition-35-smith-place-cannon-hill">Cornelia Edition</a>. 

Drawing design cues from the work of American lifestyle photographer, Slim Aarons, Cornelia Edition boasts the same level of glamour depicted in the photographer's Palm Springs collection.  

We caught up with Trent Keirnan, Director of Azure, to learn more about the inspiration behind the development and what makes these properties unique. 

<figure><a href="/buildings/cornelia-edition-35-smith-place-cannon-hill"><img alt="" class="image-article_full_width_580px" height="302" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/styles/article_full_width_580px/public/pictures/article-images/corneila_sja0516_2.jpg?itok=wWymy8dC" title="Cornelia Edition. Image supplied." width="580"></a>

<figcaption>Cornelia Edition. Image supplied.</figcaption></figure>Urban.com.au: Which aspects of Cornelia Edition are you most proud of and why?

Trent Keirnan: We are most proud of the communal pool and entertainment facility in the centre core of the community. The purity achieved with the modernist designed pavilion, aptly equipped with a feature palm tree growing through the centre and multiple recreational zones from lounge, dining to sun beds ensure that the terrace owners have a large private recreational space to enjoy the benefits of the south east Queensland climate.

<figure><a href="/buildings/cornelia-edition-35-smith-place-cannon-hill"><img alt="" class="image-article_full_width_580px" height="387" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/styles/article_full_width_580px/public/pictures/article-images/corneila_sja0568.jpg?itok=mmo7eziK" title="Cornelia Edition. Image supplied." width="580"></a>

<figcaption>Cornelia Edition. Image supplied.</figcaption></figure>U: If a buyer was deciding between Cornelia Edition and a similar residential development in the area, what do you think makes Cornelia Edition unique and the favourable option? 

TK: The location of Cornelia is second to none. To be in an elevated position, surrounded on three sides by a 2.6 hectare public park and with a North-eastern interface to the new Golf Course is truly irreplaceable.

<figure><a href="/buildings/cornelia-edition-35-smith-place-cannon-hill"><img alt="" class="image-article_full_width_580px" height="387" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/styles/article_full_width_580px/public/pictures/article-images/corneila_sja0574.jpg?itok=NlZTh5rw" title="Cornelia Edition. Image supplied." width="580"></a>

<figcaption>Cornelia Edition. Image supplied.</figcaption></figure>U: In your opinion, what are some of the best amenities on-site or nearby?

TK: The new Golf course is to be a once in a generation opportunity. As the first course to be built this close to the CBD of Brisbane in 70 years and with Cornelia having a direct interface to one of the holes the natural amenity in the communities surrounds from, parks to connected bikeways and with the convenience of good public transport Cornelia ticks all the boxes.

<figure><a href="/buildings/cornelia-edition-35-smith-place-cannon-hill"><img alt="" class="image-article_full_width_580px" height="387" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/styles/article_full_width_580px/public/pictures/article-images/6_35smith_sjc0665.jpg?itok=vCw12JKF" title="Cornelia Edition. Image supplied." width="580"></a>

<figcaption>Cornelia Edition. Image supplied.</figcaption></figure>U: What was the inspiration behind the design of the development?

TK: The Cornelia design borrows from the purity of true modernist design and the way it has been previously adapted to golf course / resort style living. From the spindle palms as a nod to Palm Springs to the repetition of form adorned using the simple palette of white render, stone and timber whilst all nestled amongst the soft lush landscape, Cornelia is deliberately intended to juxtapose its self from the neighbouring houses.

<figure><a href="/buildings/cornelia-edition-35-smith-place-cannon-hill"><img alt="" class="image-article_full_width_580px" height="387" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/styles/article_full_width_580px/public/pictures/article-images/14_5.jpg?itok=J88cZOSz" title="Cornelia Edition. Image supplied." width="580"></a>

<figcaption>Cornelia Edition. Image supplied.</figcaption></figure>U: If you had to use only five words to describe Cornelia Edition, what would they be? 

TK: Striking, functional, private, serene and timeless
</body></html>

Olivia Round

Brisbane townhome of the week, Cornelia Edition, Cannon Hill

<html><body>
Victorian land buyers continue to lock in purchases despite the State’s strict lockdowns, with developer and government incentives encouraging many to push ahead despite being unable to visit most estate.
The State’s leading project marketing group Oliver Hume has achieved an average of 70 reservations per week over the last six weeks as a result of new innovative processes for selling land as well as a sales and marketing team that have lead the way in educating buyers virtually.
Oliver Hume has also launched a new $25,000 initiative which matches the Federal Government’s $25,000 Home Builder grant. The $25,000 Perfect Match campaign is available at selected projects marketed by Oliver Hume. Buyers can also utilise Oliver Hume’s new online deposit system which has experienced strong demand during lockdowns.
Oliver Hume Chief Executive Officer Julian Coppini said the new bonus had been in high demand since it was launched in late August.
“While buyer demand has been impacted by the lockdown we are still seeing strong levels of enquiry and sustained sales which has our current sales rate still higher than March, April and May before the HomeBuilder grant was announced,” he said.
“Many buyers have understood the new processes due to being in a lockdown and are happy to rely much more on digital presentations, inspections and communication as part of their purchase decision.”
“Buyers understand the extraordinary nature of the current market and appreciate the opportunity to utilise the support measures and grants from the state and federal governments in conjunction to developers providing attractive offers in market”
“The incentives and grants combined with low interest rates have generated some of the best buying conditions in a generation.”
Mr Coppini said the industry was quickly adapting to managing sales through the lockdowns with buyers becoming more confident navigating the purchase decision in a fully digital environment.
“Oliver Hume is thankful for the ongoing digital transformation it started on years ago as it has been a major benefit to our vendors and purchasers over the last six months. Many of the systems and processes we have put in place will become permanent features in the land buying process,” he said.
Earlier this year, Oliver Hume launched a new digital deposit platform that allows buyers to secure and pay a deposit on their new block of land, without ever visiting a sales office or meeting in-person with a developer representative.
</body></html>

j.ballantyne1990-6AQqhLzZaK

Victorian land sales are holding up as grants kick in: Oliver Hume

<html><body>
As the tallest building in the Queens Wharf precinct, Queens Wharf Residences boast some of the most spectacular views in Brisbane – and if that isn't enough, the towering skyscraper also features a publically-accessible skydeck which offers 360* views.

We caught up with Place Projects' Matt Brandon to learn more about what makes Queens Wharf Residences a truly unique and exciting development. 

<figure><img alt="" class="image-article_full_width_580px" height="328" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/styles/article_full_width_580px/public/pictures/article-images/19fnkgww.jpeg?itok=Gvt_Kzuu" title="Queens Wharf Residences. Image supplied." width="580">

<figcaption>Queens Wharf Residences. Image supplied.</figcaption></figure>Urban.com.au: Which aspects of the Queens Wharf Residences development are you most proud of and why?

Matt Brandon: Location and architecture. Queens Wharf is in the CBD of Brisbane, the development will feature iconic contemporary architecture created by Cottee Parker, alongside beautifully restored heritage buildings and provide locals and tourists with more than 12 football fields of public space to enjoy. Forming 10% of the CBD footprint, it will strengthen Brisbane’s reputation as an international tourism, leisure and entertainment destination.

<figure><img alt="" class="image-article_full_width_580px" height="387" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/styles/article_full_width_580px/public/pictures/article-images/cblpn9na.jpeg?itok=7rJ5OVS2" title="Queens Wharf Residences. Image supplied." width="580">

<figcaption>Queens Wharf Residences. Image supplied.</figcaption></figure>U: If a buyer was deciding between Queens Wharf Residences and a similar residential development in the area, what do you think makes Queens Wharf Residences unique and the favourable option? 

MB: I do not believe there is a similar development in Brisbane that comes close to the Queens Wharf Development. The $3.6 billion integrated resort is unrelieved in the Brisbane market. It will create new riverfront spaces, fine and casual dining options to suit every taste and budget, exciting nightlife and entertainment, local and international retail brands, world-class 4.5, 5- &amp; 6-star hotels, and private residences.

<figure><img alt="" class="image-article_full_width_580px" height="328" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/styles/article_full_width_580px/public/pictures/article-images/v1dlydek.jpeg?itok=6sg6ikQm" title="Queens Wharf Residences. Image supplied." width="580">

<figcaption>Queens Wharf Residences. Image supplied.</figcaption></figure>U: In your opinion, what are some of the best amenities on-site or nearby?

MB: Apart from the 12 football sized public space and the Integrated Resort Developpement, there is more than 50 bars and restaurants, access to the Neville Bonner pedestrian bridge to South Bank, access to the brand new Star Casino and the soon to be world-renowned sky deck that sits more than 100 meters above street level and has a maximum capacity of 1500 people. 

Queens Wharf Residences amenities: 

 Exclusive residential facilities:

<ul>
<li>22m lap pool  </li>
	<li>Spas</li>
	<li>Pool lounges</li>
	<li>Indoor/outdoor seating areas</li>
	<li>BBQ and dining areas and facilities</li>
	<li>Residents’ lounges</li>
	<li>Private dining rooms</li>
	<li>Cinema</li>
	<li>Steam room and sauna</li>
	<li>Gymnasium  </li>
	<li>Yoga spaces</li>
	<li>Wine lounge</li>
	<li>Business centre</li>
</ul>
<figure><img alt="" class="image-article_full_width_580px" height="968" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/styles/article_full_width_580px/public/pictures/article-images/cok3hhpu.jpeg?itok=00iQCpqo" title="Queens Wharf Residences. Image supplied." width="580">

<figcaption>Queens Wharf Residences. Image supplied.</figcaption></figure>U: What was the inspiration behind the design of the development?

MB: World-class structure &amp; facilities that rivals other major world cities.

<figure><img alt="" class="image-article_full_width_580px" height="326" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/styles/article_full_width_580px/public/pictures/article-images/049atefu.jpeg?itok=LPk_k8E4" title="Queens Wharf Residences. Image supplied." width="580">

<figcaption>Queens Wharf Residences. Image supplied.</figcaption></figure>U: If you had to use only five words to describe Queens Wharf Residences, what would they be? 

MB: Brisbane's World-class Integrated Resort Development 
</body></html>

Brisbane apartment of the week: Queens Wharf Residences, Brisbane CBD

<html><body>
Westpac are the latest bank to soften their house price decline forecast amid a resilient real estate market over COVID-19.
They had been predicting a 10 per cent fall in prices nationally from the peak in April to June 2021, with increase of around four per cent per annum over the following two years.
They expected Melbourne to be hit the worst, down -12 per cent, Sydney back -10 per cent and Brisbane and Adelaide -8 per cent.
But now, with real estate seemingly weathering the COVID-19 storm, Westpac forecast just five per cent declines between April and June next year.
There have already been -2.3 per cent declines nationally, according to CoreLogic's data.
No better news for locked-down Melbourne, whose prices are still predicted to be down -12 per cent. 
To enlarge, <a href="https://www.propertyobserver.com.au/images/2020/9/17/Westpac%20forecast.jpg" target="_blank">click here</a>.
<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/2020/9/17/Westpac%20forecast.jpg" alt=""> Source: Westpac
But now they see Sydney contract in line with the national decline of -5 per cent, Brisbane back -2 per cent and Adelaide now to actually see two per cent gains.
Hassan and Evans say they have changed their view based on two reasons; a more substantial boost from lower interest rates, especially low fixed rates, and a milder than expected recession.
<div class="page" title="Page 2">
<div class="layoutArea">
<div class="column">
"Westpac recently revised up its growth forecasts for the second half of 2020, from 2.8% to 4%. The new outlook reflects a view that NSW (+5%), QLD, (+5%), SA (+5%) and WA (+7%) would rebound strongly from the collapse (–7%) in the June quarter based on their milder and briefer COVID disruptions," Hassan and Evans note.
To enlarge, <a href="https://www.propertyobserver.com.au/images/2020/9/17/Westpac%20mortgage%20interest%20rates.png" target="_blank">click here</a>.
<img src="https://www.urban.com.au/images/2020/9/17/Westpac%20mortgage%20interest%20rates.png" alt=""> Source: Westpac
They even suggest the economic impact Victoria’s ‘second wave’ lockdown also "appears to be less severe than expected."
</div>
</div>
</div>
They said they see the house price profile unfolding in four distinct stages, with the first stage largely passed.
That was the initial impact on prices from the collapse in economic activity in the June quarter which saw -4.6 per cent declines in Melbourne, -2.6 per cent in Sydney and Perth, -0.9 per cent in Brisbane and -0.1 per cent in Adelaide.
"However, the pace of deterioration outside of Melbourne has been milder than we expected back in March", Hassan and Evans write.
"The second stage, which will cover the December and March quarters, will be a period of relatively stable prices, possibly with some modest increases, although Melbourne will be at least one quarter behind the other states and will still be experiencing falls in prices in the December quarter.
"The third stage will see some limited resumption of downward pressure on prices through 2021, as we see an increase in ‘urgent’ or distressed sales relating to borrowers struggling or unable to resume mortgage repayments.
"Again, more adjustment is likely in Melbourne than the other cities.
"The fourth phase will come once this selling pressure has worked through the system and prices lift again."
They say the recovery will be supported by sustained low rates, which Hassan and Evans suggest are likely to be even lower than current levels, as well as ongoing support from regulators, substantially improved affordability, sustained fiscal support from both federal and state governments and a strengthening economic recovery.
Hassan and Evans even expect a vaccine for COVID-19 to become available in 2021.
 
</body></html>

jrobinson-rf4aSBido9

Westpac soften house price forecast, now predict five per cent peak to trough declines

<html><body>
The Bourbon, Kings Cross owner is having another go at getting development approval for the extensive site amalgamation, after heritage rules forced them to keep the two Italianate terrace style buildings.
The $65 million proposal comes two years after the City of Sydney released new planning controls for Darlinghurst Road in Kings Cross.
Costs have soared from the initial $47 million proposal.
The draft controls ensured that any development retain the heritage.
The façade of The Bourbon at 22–24 Darlinghurst Road was deemed a site of historical significance that reflected social and architectural change in Potts Point over the decades.
The mansion terrace was originally built for wealthy professionals, then modified for use as a private hospital, later converted to a boarding house, and finally became a popular nightclub.
 <img src="https://www.urban.com.au/images/2020/9/17/The%20Bourbon%202.jpeg" alt=""> 
The proposal marks the end of an era for the standalone hotel that comes with more folklore than any other in Sydney since being opened in 1967 by Bernie Houghton.
The Bourbon premises, initially the haunt of US servicemen on R&amp;R, then colourful underworld Sydney identities, more recently had a reputation for late night sporting star fistacuffs as it was among Sydney's first seven days 24-hour licenced premises.
<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/2020/9/17/The%20Bourbon%203.jpg" alt="">
Having spent $66 million on his substantial five building site amalgamation, developer Sam Arnaout engaged heritage advisers who pressed ahead with demolition plans.
<div>Residents strongly opposed the demolition of the heritage buildings dating back to 1890s in what was a $47 million proposal.</div>
<div> </div>
<div>Arnaout initially viewed the retention of the heritage and its incorporation into the proposed development "as not feasible or necessary."</div>
<div> </div>
<div><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/2020/9/17/Bourbon%20location.jpg" alt=""></div>
<div> </div>
<div>Indeed Urbis and NBRS both initially claimed that the site included "a highly altered building which is not easily distinguishable as a representative example of the late Victorian period in which it was constructed."</div>
<div> </div>
<div>"The site now represents an ad hoc collection of elements with no clear chronology or character and the buildings do not have the level of intactness to warrant retention, except for the principal form of No.30 Darlinghurst Road (Les Girls),' it argued in 2017.  </div>
<div> </div>
<div>"Any historic and aesthetic values are considered to be eroded by successive and substantial modifications.," it added.
"The façade of 22 and 24 (above the awning) makes a limited contribution to the streetscape as a recognisable Victorian styled element, however the contribution is highly degraded."
</div>
<a href="https://online2.cityofsydney.nsw.gov.au/DA/IndividualApplication?tpklapappl=1492052&amp;fbclid=IwAR1PNwdTFTeB-Hyuc_dPIvvjniiUe36Znfy4JTkMsFnP_gQc44AXmCU6cco" target="_blank">The new plans</a>, which are understood to reduce the number of apartments in order to include a hotel, have not yet been formally posted on the City of Sydney website, but circulated among resident and business groups.
It was 2017 when the infamous Bourbon nightclub in Kings Cross was set for outright demolition following a redevelopment proposal for a $47 million luxury eight storey apartment block.
Arnaout controls the expanded northern entry of the Cross, from the Fountain Cafe at Kingsley Hall on Barncleuth Square through to the Empire Hotel on the Roslyn Street corner, but he has still missed out on securing the Lido building which would have made the site rectangular. His site is 2500 sq m.
<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/2017/12/19/KC.jpg" alt="">
(Source Sydney City Council Archives)
The only nod to the past in the proposed plans was keeping the curved facade of the former 1965 Les Girls hotel.
Arnaout's Iris Capital initially proposed 83 apartments and 101 car parking spaces, plus retail premises and two licensed bars. It is proposed the reincarnated Bourbon will have up to 400 patrons and the Empire some 920, as it the mixed use application seeks to navigate the twin outcomes of liquor outlets and quiet residential living.
Chris Corrode, the Sydney City Council area planning manager, had given Iris Capital pre-application advice on the initial proposal
Arnaout ought to increase the site density.
The current floor area is 5856 sqm. The initial application seeks an extra 1865 sqm, taking the density to 6936 sq m.
The initial proposed design (below) of the façade to Darlinghurst Road had been developed with SJB Planning, Urbis Heritage and Woods Bagot Architects. 
<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/2017/12/19/FAC1.jpg" alt="">
<div class="m_-4462631763877072612gmail-page" title="Page 76">
<div class="m_-4462631763877072612gmail-layoutArea">
<div class="m_-4462631763877072612gmail-column">
<div class="m_-4462631763877072612gmail-page" title="Page 75">
<div class="m_-4462631763877072612gmail-section">
<div class="m_-4462631763877072612gmail-layoutArea">
<div class="m_-4462631763877072612gmail-column">
<div class="m_-4462631763877072612gmail-page" title="Page 44">
<div class="m_-4462631763877072612gmail-layoutArea">
<div class="m_-4462631763877072612gmail-column">
Arnaout bought the Bourbon for $24 million from publican Christopher Cheung who said the lockout laws had influenced his decision to sell the property.
The proposed apartment block has been a collaborative design by SJB Planning, Urbis Heritage and Woods Bagot Architects. 
Within the subject site, a three-storey retail building and boarding house known as Lowestoft was constructed on 20 Darlinghurst Road; a three-storey residential boarding house, St Louis on 22 Darlinghurst Road; a three-storey private hospital, Chanrlesmont, on 24 Darlinghurst Road and a pair of attached, two-storey houses known as “Lister” and “Lynn” on 26 and 28 Darlinghurst Road; and an eight-storey residential chambers called Commodore Private Hotel was constructed at the junction of Darlinghurst Road and Roslyn Street, designed by architect, Claude Hamilton.
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</div>
</body></html>

Stalled Bourbon, Kings Cross redevelopment returns respecting its heritage

<html><body>
Former Gold Coast Titan Bryce Cartwright, who was cut free from his $450,000 contract in September, has listed the Currumbin home he shares with wife Shanelle for rent.
The <a href="https://www.realestate.com.au/property-house-qld-currumbin-134406662" target="_blank">2018 built Currumbin home</a>, spans three levels and has four bedrooms and two bathrooms.
Its is up for rent after it failed to sell.
The 25-year-old recently signed up with the Parramatta Eels for the 2021 season.
The home remains advertised for sale seeking offers over $1.095 million.
It is also for rent for $1200 a week with Harcourts Coastal Broadbeach.
The living spaces sit on the second level, with a kitchen, living and dining room as well as a study and a courtyard.
All four bedrooms sit on the top level, including the master suite which has floor to ceiling windows, its own balcony and ensuite.
The Cartwright's paid $1,295,000 in 2018, after Bryce left the Panthers for the Titans. 
Cartwright's departure from the Titans had been rumoured for a number of months as he hadn't played for the Titans since round nine, leaving Queensland and moving back to Sydney with his wife and two kids.
"The owners are not testing the market and are motivated to achieve a quick sale", Harcourts Coastal agent Mitchell Lambert advised in the September marketing.
</body></html>

firstname1-iYD4UYzvBa

Departed Gold Coast Titan Bryce Cartwright lists Currumbin home for rent

<html><body>
Former Gold Coast Titan Bryce Cartwright, who was cut free from his $450,000 contract today, has listed the Currumbin home he shares with wife Shanelle.
"The owners are not testing the market and are motivated to achieve a quick sale", Harcourts Coastal agent Mitchell Lambert advised in the marketing.
The <a href="https://www.realestate.com.au/property-house-qld-currumbin-134406662" target="_blank">2018 built Currumbin home</a>, marketed as vacant, spans three levels and has four bedrooms and two bathrooms.
The living spaces sit on the second level, with a kitchen, living and dining room as well as a study and a courtyard.
All four bedrooms sit on the top level, including the master suite which has floor to ceiling windows, its own balcony and ensuite.
The Cartwright's paid $1,295,000 in 2018, after Bryce left the Panthers for the Titans. 
Cartwright's departure from the Titans had been rumoured for a number of months. 
He hadn't played for the Titans since round nine, leaving Queensland and moving back to Sydney with his wife and two kids.
 
</body></html>

Departed Gold Coast Titan Bryce Cartwright lists Currumbin home

<html><body>
Pellicano Group are celebrating reaching the completion milestone of their latest $55 million residential development, Alke. 

Situated in Victoria's south-eastern suburb of Oakleigh, the 83-apartment building features a famously-Melbourne red brick facade, with a central laneway which doubles as a resident communal courtyard.

<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/alke_residents_terrace_l1.jpg" rel="gallery-all" title="Alke. Image supplied. "><img alt="" class="image-article-full-width-580px" height="386" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/alke_residents_terrace_l1.jpg?itok=Fw6IyUVL" title="Alke. Image supplied. " width="580"></a>

<figcaption>Alke. Image supplied.</figcaption></figure>Architecturally designed by SJB Architects, Alke offers timeless, modern design, with one and two-bedroom apartments competitively priced from $463,000. The development also includes a boutique collection of three-bedroom luxury homes starting at $965,000.

<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/alke_the_prestige_collection_bedroom_with_private_terrace.jpg" rel="gallery-all" title="Alke. Image supplied. "><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/alke_the_prestige_collection_bedroom_with_private_terrace.jpg?itok=Sqsdt-eC" title="Alke. Image supplied. " width="580"></a>

<figcaption>Alke. Image supplied.</figcaption></figure><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/alke_the_prestige_collection.jpg" rel="gallery-all" title="Alke. Image supplied. "><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/alke_the_prestige_collection.jpg?itok=uWdZYJRC" title="Alke. Image supplied. " width="580"></a>

<figcaption>Alke. Image supplied.</figcaption></figure> 

As a family business who have been operating since 1969, the development also holds some sentimental value, with the Pellicano family launching their very first project not far from the brand new Alke residences.

Pellicano Managing Director, Nando Pellicano, explains that interest in the development has remained strong throughout the year, and even more so now that the development is complete. 

<blockquote>
"All the residents our team have been speaking to are looking forward to their new lives at Alke – some were looking for something smaller with a move from the local family home, others were embarking on the first step of home ownership, while some were seeking a residential investment opportunity."
</blockquote>

Settlement has now commenced, with several residents currently occupying their new homes. 
</body></html>

Construction complete at Oakleigh's new Pellicano development, Alke

<html><body>
EXPERT OBSERVER
<div>
According to the Housing Industry Association, private house sales rose 3.6 per cent in August. Sales for the three months to August were up 36.5 per cent on a year ago.
In the first 16 days of September, home prices in the five mainland capital cities were down 0.2 per cent compared with the end of August. Prices were mixed across the cities: Sydney (-0.3 per cent); Melbourne (-0.5 per cent); Brisbane and Adelaide (both up 0.3 per cent); Perth (up 0.1 per cent).
Data on home prices influences spending and wealth. Used vehicle prices affect consumer wealth and affect vehicle affordability. New home sales are a guide into conditions in home building construction.
</div>
<div class="x_WordSection2">
<h1>What does it all mean?</h1>
- New home sales have soared over the past three months under the influence of the HomeBuilder Scheme. Used vehicle prices have soared in response to higher demand and lower stock levels. And home prices continue to hold up, supported by bank lending and low interest rates.
Up to May, Sydney and Melbourne home prices led the way higher alongside Hobart. Now Sydney and Melbourne prices are correcting and it’s the turn of Brisbane and Adelaide to drive national home prices higher. While the jobless rate has risen, interest rates are at generational lows and banks continue to lend,
<h1>What do the reports and figures show?</h1>
New Home Sales
According to the Housing Industry Association private house sales rose 3.6 per cent in August. Sales for the three months to August were up 36.5 per cent on a year ago.
<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/2020/9/16/Prince%20Index.jpg" alt="">
The HIA report:
·        “New home sales for the six months to August 2020 were 8.7 per cent higher than in the same period the year before.
·        New Home Sales in Western Australia were 91.1 per cent higher in the past six months than in the same period last year and 4.2 per cent higher in Queensland for the same period of time.
·        New Home sales were static or lower for the past six months in Victoria, New South Sales, and South Australia as the pickup in sales due to HomeBuilder have not offset the losses due to the COVID recession.
·        Sales in WA at this time in 2019 were at record low levels following the bottom of the mining investment cycle, a situation that was exacerbated by the credit squeeze in 2018.
·        The combined impact of HomeBuilder, the WA State Government’s Building Bonus and pent-up demand for housing will see home building pull the WA economy forward. The surge in home building work from as early as the December quarter will see more skilled workers return to WA pursuing employment opportunities which will also underpin demand for this new housing stock.”
CoreLogic Daily home value index
In the first 16 days of September, home prices in the five mainland states were down 0.2 per cent compared with the end of August.
Prices were mixed across the cities: Sydney (-0.3 per cent); Melbourne (-0.5 per cent); Brisbane and Adelaide (both up 0.3 per cent); Perth (up 0.1 per cent).
What is the importance of the economic data?
The Housing Industry Association compiles a New Home Sales report each month. The data provides insights into the home construction sector.
CoreLogic maintains a daily index of home values that provides insights into consumer spending and the state of the established housing market.
<h1>What are the implications for investors?</h1>
Investors have a raft of relatively new indicators to watch to get a sense of how individual sectors and companies are faring, as well as the broader economy.
The Reserve Bank, governments and both regional and major banks are playing key roles in supporting economic recovery. However, there is still some way to go.
CRAIG JAMES is the Chief Economist at CommSec
 
<div data-fuse="21821171146" data-fuse-code="fuse-slot-21821171146-1" data-fuse-slot="71161633/PO_propertyobserver/article_incontent_mrec"> </div>
<div>
<div id="cpgAdsenseContainerId"><ins id="aswift_0_expand" data-ad-slot="3195360564"></ins></div>
</div>
</div>
</body></html>

Latest Property News

Juliet to sit quietly amid Roseville apartment boom

Guides

Editor's Picks

Guides

Developments

New apartments

New townhouses

News

Latest Property News

Juliet to sit quietly amid Roseville apartment boom

Guides

Editor's Picks

Receive the latest news stories to your inbox

Guides

Developments

New apartments

New townhouses

News