An entity directed by HSN's Rafi Assouline and Rebel Property's Allen Linz has filed plans for an impressive new precinct in Woolloomooloo.

The major mixed-use development would transform a prominent William Street site into a new residential village anchored by affordable housing and a large public park.

The proposal, submitted as a State Significant Development Application, covers 164-172 and 174-194 William Street, a 6,398 sqm site between Forbes Street and Dowling Street on the southern edge of Woolloomooloo.

Designed by fjcstudio in collaboration with Bangawarra, Studio Bright and Tribe Studio Architects, the scheme would deliver 227 apartments across four residential buildings ranging in height up to 18 storeys, alongside retail space, public domain improvements and a new publicly accessible park.

<img alt="Rebel" data-entity-type="file" data-entity-uuid="0eb59b7c-914a-4a5c-b849-3a56749f5e93" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-12%20at%2011.18.51%E2%80%AFAM.png?VersionId=mxM6EEqeoLjrCiTlCzTKTvzpKuh6kSkH" />

It's another design scheme for Rebel, who took <a href="https://www.apartments.com.au/news/nsw/first-look-rebel-property-group-takes-woolloomooloo-precinct-to-nsw-government">concept plans to the NSW Gov late last year</a>.

The latest plans will be a mix of 167 build-to-sell apartments and 60 affordable apartments, with the affordable housing component representing 15 per cent of the project's gross floor area. The apartment mix includes 12 one-bedroom, 53 two-bedroom, 89 three-bedroom apartments and 13 penthouses, while the affordable housing component would comprise 42 one-bedroom and 18 two-bedroom apartments.

<img alt="Rebel" data-entity-type="file" data-entity-uuid="3b3d4553-8a8c-4af5-aa8c-519ffb1e28c6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-12%20at%2011.20.12%E2%80%AFAM.png?VersionId=_Yb6ibN7eDnOtQjCNDK2eviORa4qzgv." />

Rebel Property is seeking to take advantage of the NSW Government's infill affordable housing bonus provisions under the Housing SEPP, which provide additional floor space and height in exchange for the delivery of affordable housing for a minimum of 15 years. The planning pathway allows a 30 per cent increase in floor space ratio and building height where 15 per cent of the development is dedicated to affordable housing.

&nbsp;

At the centre of the development is a 1,356 sqm sunlit public park designed to become a new community gathering space at the gateway to Woolloomooloo. The park would be complemented by a network of pedestrian laneways connecting William Street with the surrounding streets, improving permeability through what is currently a largely impermeable block.

<img alt="Rebel" data-entity-type="file" data-entity-uuid="257af931-a393-4007-8c6d-7219796df58d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-12%20at%2011.20.51%E2%80%AFAM.png?VersionId=KAHy94GrhaReFsWTGDKfy39EDJ8gEEv4" />

The design team says the public domain has been heavily influenced by the site's topography and Aboriginal cultural heritage, drawing on the escarpments, gullies and landscape characteristics that historically defined the area before urbanisation. The landscape design has been developed in partnership with First Nations consultancy Bangawarra.

The project would be delivered across four separate buildings. The William Street East and William Street West buildings, designed by fjcstudio, would contain the majority of the apartments. Melbourne-based Studio Bright has designed the Forbes Street building, while Tribe Studio Architects is responsible for the Dowling Street building.

Rebel had secured approval for the concept plans late last year.

Joel Robinson

First look: HSN, Rebel, advances Woolloomooloo precinct plans

A locally heritage-listed furniture showroom on Water Street is set to become the centrepiece of a new mixed-use residential development as local developer&nbsp;<a href="https://www.apartments.com.au/developers/keylin-group">Keylin</a> seeks approval for <a href="https://www.apartments.com.au/new-apartments/lotus-on-water-street-290-water-street-fortitude-valley-qld-4006">Lotus on Water Street</a>, a 15-storey project on the Fortitude Valley side of Spring Hill.

The proposal spans 290 Water Street and 137-141 Warry Street, combining several properties into a 2,869 sqm site that sits between Fortitude Valley, Spring Hill and the rapidly evolving Victoria Park precinct. Keylin's plans would deliver 132 apartments alongside new retail, hospitality and commercial space, while retaining and repurposing the historic Brunswick Home Furnishers Showroom that fronts Water Street.

Designed by <a href="https://www.apartments.com.au/architects/jackson-teece">Jackson Teece</a>, Lotus on Water Street comprises a 12-storey residential tower rising above a three-storey podium and communal rooftop terrace. The development includes 76 apartments classified as multiple dwellings and a further 56 units proposed as short-term accommodation, designed to be flexibly used as either accommodation or permanent residences. The apartment mix comprises six one-bedroom, 54 two-bedroom and 16 three-bedroom homes.

<img alt="First look: Keylin unveils heritage-led Lotus on Water Street tower in Fortitude Valley" data-entity-type="file" data-entity-uuid="9822bb79-6c49-49c9-95ba-319e8c8d81c3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/fortitude%20valley%20front.png?VersionId=ioW8zbN4UVebbLetTFuv92t.HkdgfR5e" />

Residents would have access to an extensive rooftop recreation level spanning more than 1,200 sqm of communal open space. Plans include a pool, gym, sauna, infrared sauna, yoga area, library, private dining room, barbecue facilities and landscaped entertainment spaces, making the rooftop the project's largest shared amenity offering.

At street level, the proposal focuses on the adaptive reuse of the heritage buildings along Water Street, where 518 sqm of retail and commercial space is planned across shop, office and food and drink outlet uses. A permeable residential lobby would be positioned between the retained heritage buildings, creating a pedestrian connection between the historic streetscape and the new tower behind.

<img alt="First look: Keylin unveils heritage-led Lotus on Water Street tower in Fortitude Valley" data-entity-type="file" data-entity-uuid="269cf3e0-7d13-48bf-a318-05a00deb5c10" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/fortitude%20valley%20podium.png?VersionId=DLXmTCLsp6GOcLpQ0h.0z7wKCw59EhN_" />

The heritage retention strategy is central to the scheme. The development application notes that the Brunswick Home Furnishers Showroom and adjoining heritage buildings will remain, with only non-significant structures on the site earmarked for removal under a previously issued Heritage Exemption Certificate. Levels one and two of the new podium are recessed behind the heritage façades to maintain their prominence within the streetscape.

Jackson Teece has drawn inspiration from the site's manufacturing history when designing the podium. The planning documents state that the façade incorporates perforated metal screening that references the woven and rattan furniture historically produced on the site. Cascading and climbing plants are integrated throughout the podium to soften the building's presentation and screen parking levels behind. The landscape strategy also informs the project's name, Lotus on Water Street, drawing on the historic Spring Hollow waterholes that once ran through Spring Hill and the blue water lilies associated with Meeanjin, Brisbane's traditional name.

The proposal also incorporates the neighbouring property at 141 Warry Street, currently occupied by a healthcare service. The existing building would remain, with nine dedicated parking spaces allocated within the new development to support its ongoing operation. In total, Lotus on Water Street proposes 117 car spaces, including 110 resident spaces and seven visitor bays, alongside 100 bicycle spaces.

<img alt="First look: Keylin unveils heritage-led Lotus on Water Street tower in Fortitude Valley" data-entity-type="file" data-entity-uuid="70cf07bc-4fd8-4e70-92dd-be8b21c4e4f0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/fortitude%20valley%20site.png?VersionId=txlxrJImM0Sm_vTzHVKh5DDUkyL_CiiA" />

The site sits within the Spring Hill East Precinct of the Spring Hill Neighbourhood Plan and is positioned around 650 metres from both Fortitude Valley Station and Exhibition Station. It is also within walking distance of the King Street precinct, Royal Brisbane and Women's Hospital, Herston Quarter and Victoria Park, which is earmarked to become a major venue precinct ahead of the Brisbane 2032 Olympic and Paralympic Games.

Planning documents describe the location as a key gateway between Spring Hill and Fortitude Valley and highlight the area's increasing importance as new transport infrastructure and Olympic-related investment reshape Brisbane's inner north. The development team argues the project will contribute additional housing supply while activating a section of Water Street that has historically received less investment than other parts of the Valley.

Keylin has become increasingly active across Brisbane and southeast Queensland, assembling sites in strategic inner-city locations. They are currently selling and delivering <a href="https://www.apartments.com.au/new-apartments/oria-spring-hill-447-gregory-terrace-spring-hill-qld-4000">Oria Spring Hill</a>, just over 140 apartments due for completion in 2027.

Keylin plans heritage-led Lotus on Water Street apartment development in Fortitude Valley

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]

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

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?

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First home buyers have now reserved all of this financial year’s First Home Loan Deposit Scheme guarantees, in a major milestone for the scheme.
The scheme was a key May 2020 election commitment of the Morrison Government, billed as helping Australians get into their first home sooner with a deposit of as little as five per cent.
National Housing Finance and Investment Corporation (NHFIC) data shows applications for guaranteed loans are being received from capital cities, regional centres or rural areas.
Intended purchase location data presently shows the following amount of guarantees have been secured in each state and territory;
<ul>
<li>
New South Wales: 3,114
</li>
<li>
Victoria: 2,306
</li>
<li>
Queensland: 2,111
</li>
<li>
Western Australia: 550
</li>
<li>
South Australia: 413
</li>
<li>
ACT: 200
</li>
<li>Tasmania: 183 
</li>
<li>Northern Territory: 35</li>
</ul>
NHFIC data also shows it is Australians on middle incomes who are taking advantage of the scheme, with the average income of applicants are well below the scheme’s caps.
The average income of single applicants is $67,387 ($125,000 cap) and for couples $109,525 ($200,000 cap).
The scheme has proven most popular with first home buyers under the age of 30 years of age who have secured 58 per cent of guarantees.
Another positive Scheme outcome is the fact that 12 per cent of guarantees have been secured by Australians over the age of 40. This is a clear indication Scheme is helping Australians who are a bit older and may have struggled in the past to get a deposit together.
Also, the largest amount of applications for guarantees, 44 per cent, have been made through mortgage brokers.
Despite the COVID-19 health crisis causing a slight flattening of demand in the Scheme in mid-March, first home buyers have shown confidence in the housing market and have moved quickly to secure the remaining guarantees available before the 30 June deadline.
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On July 1, 2020, a further 10,000 guarantees will become available to first home buyers.
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j.ballantyne1990-6AQqhLzZaK

Under 30 middle income First Home Loan Deposit Scheme applicants dominate first year

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New property these days is often accompanied by sophisticated marketing campaigns, brochures, appealing imagery and a ‘lifestyle’ focus. Display suites are set up to give buyers comfort around the fittings and finishes and to generate confidence to buy off-the-plan. The renders showing the building exterior combined with interiors furnished with the latest trends are state of the art. Agents wield price lists and unsurprisingly, the larger ones cost more.

So do these marketing campaigns really demonstrate good design?  And is the most expensive apartment the best one?

What many buyers do not realise is that new property design is not unconstrained. The process of designing a new apartment is always a series of compromises. Meeting the regulatory standards and adherence to the Building Code and the Design Guidelines assures a minimum standard, but every development is also subject to requirements set by the authorities, Councils and building surveyors. As such, many designs are ‘pushed and pulled’ in order to comply with these requirements, and they are almost never fully understood upfront. 

The quality of the final built form comes down to the architectural response to various ‘curve balls’ that come up, along with the developer’s investment in the original design intent. The Australian public seems highly focused on the physical size of a property as constituting good design, possibly influenced by banks that value on a square metre basis or even design guidelines that dictate space requirements. However, this is a very narrow perspective. Good design is about utilizing the space available to create an aesthetically pleasing home.

It may come as a surprise, but the average size of <a href="/new-apartments">Australian apartments</a> (108sqm) is significantly higher than other major cities in the world.  An average-sized apartment in London is 47sqm, Chicago is 68sqm, Los Angeles is 72sqm – all vastly lower than the current Australian average.

So does more space equate to better design?

What is also interesting is the ratio of apartments to free-standing homes in Australia is vastly different to the ratio in major cities across the world.  According to Charter Keck Cramer, apartments in buildings of four or more levels as a percentage of total <a href="/news/urban-com-au-profiles-10-of-melbourne-s-top-luxury-apartments">housing stock in Melbourne is only 3.3%</a>. Sydney (10%); Chicago (30%); Greater London (35%); Toronto and Vancouver (40%) and even Los Angeles (35%) are significantly more mature apartment cities. Bottom line, we are new at this and the apartment market is still in its infancy for a world class city such as Melbourne.

Much of the Government’s focus for apartment design is on energy ratings, sustainability, natural light and yes – space. But is more space the answer to good design? It certainly makes the job easier, but I would argue it is not a prerequisite.  Less space requires fewer resources to build and has a <a href="/news">lower carbon footprint</a>, lower ongoing heating and cooling costs, fewer furnishings, less maintenance and a lower cost to purchase. 

So how much space do people really need and how much do they want?

In London, a minimum space standard was established in 2016 as part of the London Plan. For new apartments, the minimum standards are 37sqm for one person, 50sqm for two people in one bedroom, 61sqm for three people with two bedrooms, 70sqm for four people in two bedrooms and 74sqm for four people in three bedrooms. Would it be fair to say apartments in London are inferior because they are smaller?

Achieving better design outcomes really does come down to ensuring the builder works collaboratively with the <a href="/developers">developer</a>. Coming up with optimal design solutions requires challenging the coordination effort of consultants and the builder to ensure space is maximised. The ‘feel’ of a space can often be compromised by something as rudimentary as a step in a wall or a ceiling bulkhead, which could otherwise be designed out if extra effort is given by the project delivery team when practical problems arise. These days, with so many building contracts being on a “Design and Construct” basis, the developer can easily lose control of the design, as contractually it is within the control of the builder who is typically looking for the simplest and fastest on-site solution with the lowest risk and lowest cost. 

Having an invested Developer is key to delivering well-designed buildings.  <a href="/news/urban-s-8-building-design-predictions-for-2020">So what is well-designed</a>?  It is so much more than the glitzy marketing that draws in buyers. It basically comes down to the age-old tension between form and function. Good layouts that deliver the right balance of space between where you live versus where you sleep, and ensuring space is useable, flexible and can be optimised in terms of furnishing, light, how you walk through a space and so on. <a href="/news/6-of-australia-s-top-sustainable-architectural-design-trends">Great design combines clever efficient floor plans</a> with the physical characteristics of ceiling heights, natural light, ventilation whilst having regard for energy consumption, quality appliances and the things you touch and feel; fittings and finishes, built in joinery, flooring, window furnishings and so on. It is a combination of all these factors that results in good design outcomes regardless of space and arguably more importantly in limited spaces.  

So how do buyers determine how good the design is before they buy a new property? It is not easy. The best way is to check the track record of the developer and builder. Review the floor plans, look at previous projects and ask questions, not forgetting to ask yourself – how much space do I need?

Sources 

“About the size of a London flat”, Brogan Taylor, February 21, 2020, Office for National Statistics 
“The Average Apartment Size of the Largest US Cities, Charted”, by Digg Nov 27 2018 
“Characteristics of new residential dwellings a 15 year summary” ABS 15/4/2020 
“The London Plan”, The Mayor’s Plan 2016
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jieyee_46282

Why is design important? Is bigger better? A Developer’s perspective.

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<div>Matt Lancashire's New Farm Ray White office is sitting in the number 1 spot within Queensland of the estate agency network.</div>
<div> </div>
<div>"It was a proud moment for our New Farm office this month with our chairman Brian White calling to inform us that Ray White New Farm has taken the number 1 spot," Lancashire advised.</div>
<div> </div>
<div>"This is a huge accomplishment for us as the top spot hasn't been challenged for 25 years," he added, without mentioning it was Surfers Paradise that was set possibly to lose its crown.</div>
<div> </div>
<div>It is an interim advisory for the fiscal year to date, as at April 30.
</div>
<div>
<div class="x_gmail_default"> </div>
<div class="x_gmail_default">The awards recognition for national and international ranking won't be disclosed until the end of the financial year.</div>
<div class="x_gmail_default"> </div>
<div class="x_gmail_default">Ray White Double Bay is still at the top of the leaderboard nationally. </div>
</div>
<div> </div>
<div>
<div class="gmail_default">
<div>The New Farm office has recorded over $60 million in sales for the month of May.</div>
<div> </div>
<div>"All sectors of the market are transacting from $350,000 apartments to our highest sale over $5 million," he said.</div>
<div> </div>
<div>His latest listings include Silverwells, is one of Brisbane’s most significant homes.</div>
<div> </div>
<div>"Few properties in the city’s history rival this contemporary heritage landmark which is spectacularly located between the Story Bridge and riverfront gardens," he said.</div>
<div> </div>
<div>The Brisbane agent, a family man and dad of three, has held Brisbane's residential house price record three out of the past four years.</div>
<div>
He sold Brisbane's most expensive property for $18.48 million in 2016. 
Lancashire has said the new world of technology has been a "game changer" for his business, as well as real estate in general.
"Digital with social media has been a huge game changer where we can now target purchasers anywhere around the world," Lancashire says.
"Any state, and suburb, professions, age, demographics, locations, it's actually been such a big game changer for my business and also for real estate."
Lancashire takes anyone who follows him on Instagram through some of Brisbane's finest homes.
"Nothing beats selling a property for a client for a record price," he says.
Lancashire's move to real estate came in 2006 when he landed his first job with agent cum auctioneer Heasley Cush, who helps run the New Farm office.
He believes his apprenticeship as an electrician helps gives him an edge.
"I was a sparky but a very bad one!" he recalled to The Australian last year.
"One of the things I have on some of my competitors is that I have a thorough understanding of how construction works," he said.
"It's definitely a skill set which sometimes you can't learn unless you have been in the industry yourself."
Lancashire says his principals are simple, to get the best possible price for his vendor.
"I do have a reputation, especially in the high end of being the agent to sell with and not to buy through and that's something I take very seriously and I think about it every day."
He says there's only the one thing he would change about real estate.
It's about how easily agent licences can be obtained.
"I believe they give away licences way too easily, hence why real estate agents have a really bad name," the Ray White New Farm principal believes.
"You can get your real estate licence in three days and do it by correspondence in Queensland.
"I don't think that's the way it should be, I think they should regulate who comes into the industry and should do more testing around it because when dealing with one's most valuable asset it's looked over too easily.
"I believe that realestate agents do have that bad name because there are cowboys in the market."
The Ray White network has been asked to confirm the baton change details from Double Bay to New Farm.
 
 
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Matt Lancashire's New Farm Ray White office takes the state's number 1 spot 

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The Essendon townhouse of Brydon Coverdale, known as “The Shark” on Channel Seven’s quiz program The Chaser, has been listed for sale.
The quiz whiz and his wife Zoe used winnings from his appearance on Million Dollar Minute in 2014 to pay off the townhouse.
It was their first home when bought in 2011 for $560,000.
The Kendall Street home has three bedrooms, with city skyline views in the master.
Matthew Febey, at Nelson Alexander Essendon has listed it for June 13 auction with a guide of $730,000 to $780,000.
It has city skyline views in the main bedroom.
The home is in the zone for Strathmore Secondary College.
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firstname1-iYD4UYzvBa

The Chaser's Shark Brydon Coverdale lists Essendon townhouse

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The queen of comedy Noelene Brown and her scriptwriter husband, Tony Sattler, have sold Beaumont, their Southern Highlands home.
It's been on the market for 18 months, having initially been listed in 2018 with their intention to downsize from their two hectare Mount Murray estate.
They had a steadfast guide of $3 million throughout its two marketing campaigns and secured a $2.95 million sale price.
Beaumont, set on an elevated parcel overlooking rolling countryside, has been owned by the couple since 2004 when they paid $1.6 million.
Set down a quite country lane just below the summit of Mount Murray, Beaumont has a four bedroom bungalow set in private parklike gardens, frequented by plenty of wildlife including wallabies, king parrots, rosellas, black and white cockatoos, bower birds, wrens and kookaburras.
<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/2020/5/28/Brown%20Robertson%202.jpg" alt="">
The couple have been a big part of the Southern Highlands scene for the last two decades.
It was in the 1960s that Brown featured in the earlier television hit series, The Mavis Bramston Show, which made her a household name.
She went on to star in other memorable programs as My Name’s McGooley, What’s Yours?.
Sattler was the Kingswood Country scriptwriter.
They both appeared on The Naked Vicar Show, a television show for Channel 7 that premiered in 1977. 
They both appeared on the dear friend Graham Kennedy's Blankety Blanks.
This article was first published in the Sunday Telegraph.
 
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Queen of comedy Noelene Brown sells in South Highlands

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A luxury Darlinghurst apartment with Harbour Bridge and Rushcutters Bay views has been sold for $2.9 million.
It sold through Bresic Whitney agents Di Grundy and Darren Pearce who had a $3 million buyers' guide for the Taylor family. 
The <a href="https://www.realestate.com.au/sold/property-apartment-nsw-darlinghurst-133257042" target="_blank">Kings Cross Road apartment</a> is located on the 16th floor of the Engelen Moore-designed Altair building. 
The two-bedroom, two-bathroom property features a wall of glass separating the entertaining terrace from the living room.
The 145 sqm of north-facing space has a flexible floorpan with study space, a contemporary kitchen, and bedrooms with balconies. 
There are also has two car spaces.   
The property was last sold in 2013 for $1,635,000 and previously sold for $1,375,000 in 2006. 
 
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Altair, Darlinghurst apartment with Harbour Bridge views sold for $2.9 million 

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A luxurious estate in Currumbin Valley sold for $2.85 million through Realty Blue estate agent Sharon Orlandini. 
The <a href="https://www.realestate.com.au/sold/property-house-qld-currumbin+valley-132139554" target="_blank">Rocks Road estate</a> is the 2013 HIA award-winning Paul Ullmann six-year-old residence with views of surf, sand and ocean. 
The nine-acre property features four bedrooms, three bathrooms.
The three children's bedrooms are situated on the upper level with a bathroom while the master retreat on the main level has a walk-in wardrobe with automatic lights and a huge ensuite.
The media room or library is an audio visual zone with controlled lighting, roll down electric blinds, a large projector screen and status audio visual automated system.
There is eco glass installed throughout the home, nine audio visual zones, and vantage controlled lighting system. 
The residence is characterised by its high ceilings with intricate lines, timber flooring, abundance of light, vast living and dining areas, outdoor fire and speakers.
The Rocks Road estate won a 2013 HIA award. 
<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/2020/5/27/20_QLD%20.jpg" alt="">
 
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Award-winning Currumbin Valley house sold for $2.85 million

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High profile cases such as the Mascot and Opal Towers debacles have shone a spotlight on the issue of <a href="/news/australia-called-we-want-our-building-codes-updated-and-regulated">defects in new buildings</a>. A recent study has revealed that a whopping 85% of new Australian buildings in the multi-residential sector have at least one defect. The commercial sector faces similar issues. 

So what recourse do investors have if there are defects in their new <a href="/guides">investment property</a>? It's important to recognise that the laws are different in every state or territory. Here is what you need to know if investing in NSW.

Defects in a residential property 

In NSW, residential property purchases offer few, if any protections to the buyer. While in other countries sellers have obligations to disclose known defects, this is not so in NSW. In the majority of residential real estate contracts in NSW, the buyer must take the initiative to ask questions, insist on inspections and be willing to take a chance. Therefore, the responsibility lies entirely with the buyer to protect themselves against purchasing a substandard property. 

The most prudent action a residential property investor can take is to insist on time to thoroughly inspect and review the property they are considering purchasing. If the seller refuses to allow for any type of inspections, or insists on controlling the choice of inspector, it might be best to move on to another buying option.

Defects in a commercial property

Commercial <a href="/guides/how-to-ensure-financial-return-on-your-property-investment-in-15-simple-steps">property purchases</a> offer a bit more protection to the buyer. The contracts for the sale of large commercial buildings usually will include options for the repair or replacement of defective materials, workmanship or a failure to meet specifications. However, this type of protection is not necessarily standard, so contracts must be reviewed carefully and addendums added to include these types of protections.

First, it is important to define the types of defects you might want included for repair and/or replacement in your contract. Some defects you would want to include might be:

<ul>
<li>Substandard workmanship</li>
	<li>Poor materials quality</li>
	<li>Improper installation of pertinent items</li>
	<li>Non-compliance with building specifications</li>
	<li>Violations of necessary codes and regulations</li>
</ul>
Next it is imperative to understand how a builder can be held responsible for curing the defects that present themselves. Most contracts will include a period of time where the builder will be legally required to cure a defect. This period is called the “defects liability period.” Some of the characteristics of this clause include;

<ul>
<li>Time Frame; how long will the period be in effect for?</li>
	<li>Start Date; when will the period of legally mandated repair start?</li>
	<li>Completion of Repair; will repairs of noted defects have to be finished before legal ownership changes hands or will the builder be allowed back on site to make repairs after the property has closed?</li>
	<li>Responsible party; will the original builder be responsible for curing the defects during the liability period or will the owner need to contract out and seek reimbursement from the original builder?</li>
	<li>Cure Time; how long will the builder have to make a repair once a defect is identified and notice is given?</li>
	<li>Defects Not Anticipated; what will the criteria be to determine and qualify a defect that is not specifically identified in the contract?</li>
</ul>
While this is not an exhaustive list, it does represent some of the more common issues that should be addressed when drafting a liability defects period clause.

Can damages be recovered for defects in property?

This question is a bit more complex. While damages can be recovered for breach of contract, it is likely that the contract will contain language that will define or limit the manner and amount of damages that can be recovered by the purchaser. If the cost of repair for damages exceeds that which was predetermined, and the excess is both reasonable and unexpected, it is possible that the courts will find the liable party responsible for the entirety of the costs.

The most effective way to avoid buying either a <a href="/expert-insights/buying/4-reasons-to-have-faith-in-australia-s-property-market-for-the-long-run">residential or commercial property</a> with defects, is to have the property inspected by a neutral third party. Then, if defects are found, the parties can either contract for the repairs prior to purchase or decide to move on to another venture. In the event that the property is under contract for construction, then it is imperative that the parties come to some contractual agreement as to how future identified defects will be cured.
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Nick Dante

What are my rights if my investment property has defects?

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With construction issues in new developments widespread, it is clear regulations to ensure safe building practices have fallen short of need and expectations. The current state of oversight has left investors, owners, and renters with doubts and growing wariness of the inherent safety of the buildings they are investing in or occupying.

To address the problem, the <a href="/new-apartments/nsw">NSW</a> government is taking steps to put new regulations into place that will increase oversight and accountability of builders. And, while builders may find these new regulations somewhat cumbersome, the need for buildings that comply with safety outweighs the possible inconveniences. In addition, for those builders who are already complying with current regulations and are conscientious about the quality of their work, the new regulations will not force great changes. Instead, the regulations will only raise standards that will ensure everyone’s safety.

What are the proposed reforms?

The proposed reforms would involve a new ratings system for <a href="/builders">builders</a> and developers to protect buyers from purchasing dodgy developments. The tool will assess the amount of risk attached to a project and the track record of the team behind it - from the builder and designer, through to the developer and the certifier. Under the reforms, the NSW government would be able to block occupancy certificates being issued for buildings deemed unsafe or incomplete. 

Initially, to keep the building industry working and thriving, the regulations will have to allow for builders to rest on the quality of their past work. Those who can show that their projects have been properly built, and are in accordance with current building standards, should receive some form of endorsement as safe developers. This will allow these builders to continue to build and provide safe work and living locations for all.

In the meantime, the drafters can move forward with quantifying some of the changes that are currently being proposed, including but not limited to;

<ul>
<li>Increasing Transparency; by possibly requiring additional pieces of information and/or allowing for additional inspections of work being performed</li>
	<li>Increasing Accountability; by possibly requiring particular employees to be named as responsible for certain phases of each build</li>
	<li>Increasing the quality of work; by possibly requiring a particular part of projects to have minimum experience or education hour</li>
</ul>
The proposed reforms are part of the <a href="/news/nsw-government-awards-299-million-contract-for-new-waterloo-metro-station-and-integrated-development">Government's Design</a> and Building Practitioners Bill, which is currently being held up in the Upper House. As such the reforms are yet to be formally decided upon and may be amended. 

To implement any of the proposed changes, a great deal of work must still be done. It will be important for those drafting the reforms to take the time to assess and research the following areas of need;

<ul>
<li>Where are building standards falling short?</li>
	<li>What types of checks and balances would need to be implemented to catch the areas that present the greatest dangers</li>
	<li>When during the process of building would inspectors need access to the construction to ensure that the new regulations were being followed</li>
	<li>Who would be responsible for determining a building that is out of compliance with new standards i.e. city, council, state officials</li>
</ul>
Lastly, there are many professionals who are already available to help monitor and implement the <a href="/expert-insights/buying/changes-the-real-estate-industry-will-experience-as-a-result-of-the-coronavirus">proposed new regulations</a>. It will be important for local and state governments to share or combine their resources so that monies are not wasted and available resources are adequately tapped for their services and expertise. By doing so, the changes can be both safe and cost-effective for all involved.
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How a proposed ratings system for builders could protect investors from dodgy developments

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A new four lot subdivision of the Shambara farm property, located midway between Benalla and Wangaratta, has come onto the market.
The four lots all with a frontage to the Old Greta Road are respectively – Lot 1 of 68.7 ha, or 170 acres, Lot 2 of 72.8 ha or 180 acres, Lot 3 of 44.5 ha or 110 acres and Lot 4 of 58.6 ha or 145 acres.
The four lots are for private sale through Elders Real Estate’s north east district agent Michael Everard.
The property on the old Greta Road at Lurg is part of the larger Shambara farm property and has been held by the vendor family for over twenty-five years.
Each of the four blocks has some internal division of post and wire fencing.
Most of the lots include paddock or catchment dams, most having been recently cleaned out, while the local average annual rainfall is 700mm with access likely to be available to substantial as yet untested groundwater potential.
Each lot holds a long single frontage to the old Greta Road with good access from the Hume Freeway at the Winton interchange with a bitumen road most of the way to these lots.
Selling agent Michael Everard says that the local district is a prominent rural living area with properties that adjoin these four lots being largely smaller acreage residential holdings with typical sizes of 40 hectares (or say 100 acres).
“There are multiple choices for an attractive home site on each landform with power available to within about 200 metres of the existing road boundary.
“This subdivision which has been created from a long held family farm presents an exceptional opportunity to secure attractive and productive land that is ideally suited to create a preferred rural living retreat,” Mr Everard says.
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