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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EXPERT OBSERVER
With economic activity in Western Australia well below its 10-year average and effective unemployment significantly above the 10-year benchmark, the property market, particularly units, continues to experience weakness.
However, according to the latest RiskWise Property Research Risks &amp; Opportunities Report, buyer confidence is on the increase in the state, particularly Perth with housing finance increasing 15.1 per cent since February 2019 after a reduction of 2.4 per cent relative to August 2018.
With low economic activity and high unemployment, Western Australia’s annual population growth of 1 per cent was the third lowest in the country.
As a result, the housing market, particularly units, has experienced continued weakness in recent years. According to CoreLogic, house and unit prices in Perth have declined by 8.6 per cent and 9 per cent in the past year, respectively.
Western Australia is still in a long transition process from a mining-oriented economy and while unemployment has slightly improved from 6.1 per cent in April to 5.7 per cent in October, it is still projected to deliver low economic growth, a soft job market and low population growth.
Mortgage arrears are at an alarming level with the delinquency rate sitting at 2.75 per cent. While this has improved from 3.05 per cent as reported in August, this number has grown over the course of several years and is now well above the Australian average. The relatively high unemployment rate also increases the risk of credit defaults.
Negative equity also remains a major risk especially for lenders who have a concentration of loans in this market. These risks are compounded by this high rate of arrears. High-risk borrowers, combined with properties that suffer from low demand, require special attention in relation to credit provisioning.
While Perth was ‘very affordable’, there were a small number of suburbs where houses delivered reasonable capital growth in recent years. However, these were exceptions only.
Despite lower interest rates (with another expected in the new year) and some loosening of credit restrictions, houses still carried a medium level of risk due to Western Australia’s economic conditions.
House prices have declined by 9 per cent in the past year and in Perth, house and unit prices declined by 8.6 per cent and 9 per cent, respectively.
Low-performing areas for houses in the past year include Perth - North East (with -8.8 per cent capital growth), Perth – Inner (-8.4 per cent) and Perth - South West (-7.3 per cent).
However, the risks associated with units is even higher as they are expected to deliver poor or negative capital growth due to the combination of oversupply, lending restrictions and low demand as they are generally not attractive to families or owner-occupiers.
Also, units in some suburbs are subject to voluntary lending restrictions by the major lenders, such as lower loan-to-value ratio (i.e. higher deposit). In addition, the state government tax on overseas investors further decreases the demand for new units as investment properties.
Perth – South East has the highest rate of unit oversupply in the state with 1900 units in the pipeline (a 6.7 per cent increase to the current stock).
The issues with construction defects in NSW and Victoria and the publicity they have received in the media mean this situation is unlikely to materially improve in the short term.
While there have been no major construction defects reported in relation to high-rise buildings in Perth, the events in Sydney and Melbourne increase the risk of reputational damage and, consequently, lower demand for both existing and off-the-plan high-rise units.
DORON PELEG is the CEO of RiskWise
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j.ballantyne1990-6AQqhLzZaK

WA property market remains in the doldrums: RiskWise's Doron Peleg

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The latest monthly data from the Commonwealth Bank Household Spending Intentions (HSI) Series indicates that home buying spending intentions are running at a record rate. 
CBA Chief Economist Michael Blythe said, "there are some early signs of a ‘wealth effect’ from the housing market supporting spending on motor vehicles, albeit from a very low level, as well as travel and entertainment."
This means the pick-up in dwelling prices in the second half of 2019 will continue into the first half of this year, and the residential construction downturn should be approaching bottom.
“Past cycles show that leading indicators like building approvals turn about three month after home buying intentions start to lift. A bottoming in the construction cycle would remove a major growth drag on the economy, and also helps retailing," Mr Blythe said.
Noting that retail HSI remained low, Mr Blythe commented, “the flat trend in the retail HSI remains a disappointing outcome relative to the stimulus applied via interest rate cuts, tax rebates and the upturn in dwelling prices. The zig-zag pattern for the retail HSI indicates that the ‘Black Friday’ event brought forward spending from December into November without necessarily boosting spending overall."
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Home buying intentions have reached a record high: CBA

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The Federal Court has found Trivago breached Australian Consumer Law when it made misleading representations about hotel room rates both on its website and television advertising.
The Court ruled that from at least December 2016, Trivago misled consumers by representing its website would quickly and easily help users identify the cheapest rates available for a given hotel.
They found that in fact, Trivago used an algorithm which placed significant weight on which online hotel booking site paid Trivago the highest cost-per-click fee in determining its website rankings and often did not highlight the cheapest rates for consumers.
ACCC Chair Rod Sims said, “Trivago’s hotel room rate rankings were based primarily on which online hotel booking sites were willing to pay Trivago the most."
“By prominently displaying a hotel offer in ‘top position’ on its website, Trivago represented that the offer was either the cheapest available offer or had some other extra feature that made it the best offer when this was often not the case,” Mr Sims said.
The Court also found Trivago’s hotel room rate comparisons that used strike-through prices or text in different colours gave consumers a false impression of savings because they often compared an offer for a standard room with an offer for a luxury room at the same hotel.
The Court also found that, until at least 2 July 2018, Trivago misled consumers to believe that the Trivago website provided an impartial, objective and transparent price comparison for hotel room rates.
“This decision sends a strong message to comparison websites and search engines that if ranking or ordering of results is based or influenced by advertising, they should be upfront and clear with consumers about this so that consumers are not misled,” Mr Sims said.
A hearing on relief, including penalties, will be held at a later date.
Trivago’s website aggregates deals offered by online hotel booking sites (like Expedia, Hotels.com and Booking.com) and hotel proprietors’ own websites for available rooms at a hotel and highlights one offer out of all online hotel booking sites (referred to as the ‘Top Position Offer’). However, Trivago’s own data showed that higher-priced room rates were selected as the Top Position Offer over alternative lower-priced offers in 66.8% of listings.
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Federal Court finds Trivago misled consumers about hotel room rates: ACCC

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In 2017, Melbourne-based architects Joseph Toscano and Dino Pezzutti acquired the prominent Collingwood site at 93 Wellington Street, with a goal of catering to market demand for spacious 3-bedroom homes. With a vision in mind, they founded <a href="/developers/duke-ventures">Duke Ventures</a> and embarked on their $11 million residential development, Duke Apartments.

Fast-forward to today, the team have commenced construction on the luxury project, and have released an exclusive selection of lavish full-floor apartments for sale. 

<h2>The Duke Apartments residences</h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/duke-apartments-93-wellington-street-collingwood-f0ac0ddc5e631a9ca9cbd15da42ab7bb.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="445" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/duke-apartments-93-wellington-street-collingwood-f0ac0ddc5e631a9ca9cbd15da42ab7bb.jpg?itok=2kXxSHdo" width="580"></a></figure>Duke Apartments feature nine three-bedroom palatial homes, which boast 2.8-metre stylish concrete ceilings, elegant parquetry flooring and range in size from 158-185 square metres, with each home featuring an expansive balcony.

Natural flow-through ventilation throughout each apartment lowers the reliance on mechanical cooling systems, significantly reducing electricity bills and promoting resident health and wellbeing. A VRV air-conditioning unit is also included within each home to compliment the natural airflow, ensuring optimum thermal control and heat distribution year-round.

All residences include exclusive access to a private elevator and personal lobby, providing residents with the perfect transition from the <a href="/developments/collingwood-vic-3066">thriving bustle of Collingwood</a>, into their calm home sanctuaries. <a href="/architects/dp-toscano">DP Toscano Architects</a> have carefully considered the layout of each space within the homes, making allowances for special features including spacious “study nooks”, lavish butler’s pantries and large open-plan living and dining areas.

<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/duke-apartments-93-wellington-street-collingwood-94e2fddb388949deadbb462acb7d84d6.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="483" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/duke-apartments-93-wellington-street-collingwood-94e2fddb388949deadbb462acb7d84d6.jpg?itok=cznUkrsq" width="580"></a></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/duke-apartments-93-wellington-street-collingwood-5952f25919df4395e18ff5af9e50337a.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="345" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/duke-apartments-93-wellington-street-collingwood-5952f25919df4395e18ff5af9e50337a.jpg?itok=ZP7NWMtx" width="580"></a></figure><blockquote>
“Our building design responds to contemporary life and, in particular, to our society’s changing expectations to residential living within an urban context. We seek to present apartments of a size, layout and quality that make a significant contribution to this inner-city area, and which also form a key part of our commitment to an integral sustainable development model.” 
</blockquote>

DP Toscano Architects

The interiors have been styled with a muted tonal palette to give buyers the flexibility to customise their home to their taste. Buyers will also have the option of choosing a furniture package upgrade from STYLECRAFT, making the moving process seamless and their home liveable immediately.

<h2>Duke Apartment’s sustainability initiatives</h2>

The design is set to attain a 6.5 Star NatHERS rating for the home's thermal performance and energy efficiency. Duke Ventures are also planning to purchase carbon offsets, install ample bicycle parking, invest in rainwater harvesting, solar power and renewable energy sources to ensure the development complies with the company’s environmental targets. Residents can also buy with confidence knowing that their home has been built using materials which contain low embodied energy and low VOCs where possible.

<blockquote>
“Our project team is committed to achieving a building outcome which responds to community expectations for Environmentally Sustainable Development.”
</blockquote>

DP Toscano Architects

<h2>The location </h2>

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/duke-apartments-93-wellington-street-collingwood-ad2571f27f6fd09006e39697ef9c39e1.jpg" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="387" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/duke-apartments-93-wellington-street-collingwood-ad2571f27f6fd09006e39697ef9c39e1.jpg?itok=bY6eoSa8" width="580"></a></figure>Situated within a stone’s throw to Collingwood Train Station, Smith Street shopping precinct, Fitzroy Town Hall, St Vincent’s Hospital, Carlton Gardens, Melbourne CBD and more. Residents will love having access to world-class amenity at their doorstep, with a multitude of iconic eateries, retail boutiques and live music venues within minutes from their home.

<a href="/buildings/duke-apartments-collingwood-93-wellington-street-collingwood">Duke Apartments</a> are selling quickly, so enquire today to secure your new home in Melbourne’s inner north.
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Olivia Round

Collingwood is set to welcome a boutique collection of 9 full-floor luxury residences

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Four of the five Tunnel Boring Machines working on the second phase of Sydney Metro have completed their runs with TBM Mum Shirl breaking through the southern wall of the Barangaroo station pit over the weekend.

A fifth TBM is still working on completing the short section of tunnel under Port Jackson between Barangaroo and a launch site near Blues Point on the northern shore.

TBMs that began their journey near Sydenham at the southern end of the tunnels have taken 14 months to complete their runs.

<blockquote>
Since starting work at Marrickville in November 2018, Mum Shirl took about 14 months to build an 8.1-kilometre tunnel to Barangaroo, cutting through sandstone and shale to excavate more than 821,000 tonnes of rock - enough to fill 126 Olympic swimming pools.

About 29.5km of 31km of twin metro tunnels between Chatswood and Sydenham – or 97 per cent – are now complete with TBM Kathleen now digging under Sydney Harbour to finish her second under-harbour metro tunnel.

TBMs Nancy, Wendy and Mabel finished work late last year.
<cite>Sydney Metro/NSW Government</cite>
</blockquote>

Barangaroo station on Sydney CBD's northwest periphery took two years to excavate and during that time, 460,000 tonnes of rock were removed.

According to an indicative timeline, after tunnel and station pit construction has been completed, the tunnel fit-out phase - the installation of track, emergency egress &amp; walkways, overhead electrical equipment, signalling and communication systems - will run for approximately 2 years.

Thereafter, a testing phase will run for approximately 12 months.

The second phase Sydney Metro City &amp; Southwest project also sees the conversion of existing railway between Sydenham and Bankstown in order for metro services to take over operations of services in the inner southwest of Sydney.

Summertime shutdowns of existing services will occur over several years to convert the line for metro use and the second phase of the entire Sydney Metro project is expected to start taking its first passengers in 2024.

<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/scale_map_of_proposed_sydney_metro.jpg" rel="gallery-all" title="Map of Sydney Metro phases 1 and 2. Image: wikipedia"><img alt="" class="image-article-full-width-580px" height="435" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/scale_map_of_proposed_sydney_metro.jpg?itok=AIO_Zt8t" title="Map of Sydney Metro phases 1 and 2. Image: wikipedia" width="580"></a>

<figcaption>Map of Sydney Metro phases 1 and 2. Image: Wikipedia</figcaption></figure>The second phase of the first Sydney Metro line precedes other work underway for a second and third line.  The second line dubbed Sydney Metro West, <a href="/news/nsw-government-confirms-sydney-metro-wests-station-locations">in October last year</a>, had its station locations narrowed down by the NSW Government.

It will add more capacity between Sydney CBD and Parramatta with future-proofing to allow the line's eventual extension westward.  Initial work is expected to start in 2020, tunnelling to start in 2022 and the project is expected to take its first passengers in 2030.

The third line, dubbed Sydney Metro Greater West, will see a line built from St Mary's on the existing T1-Western line southwards to the new Western Sydney International (Nancy-Bird Walton) Airport.

Federal and NSW Government money has been allocated for the Sydney Metro Greater West with construction expected to be completed by the time the new Western Sydney Airport opens in 2026.

<iframe frameborder="0" height="500" scrolling="no" src="https://www.urban.com.au/developments/bankstown-nsw?embeddable=list-map" width="100%"></iframe>
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Alastair Taylor

Tunnelling under Sydney CBD complete for the second phase of Sydney Metro

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Catastrophic fires have, for over three months, escalated to unprecedented levels in Australia with many beholding the tragic loss of lives, property, wildlife and livelihoods.
Today, CEO of CoreLogic International, Lisa Claes released a statement concerning recent bushfires in Australia. 
"Across the country, people are coming together to support those impacted by these terrible events and we are pleased to let you know that CoreLogic is also making a substantial contribution. We are not only donating to the Australian Red Cross and WIRES to support these efforts, but will also match all employee dollar donations for the bushfire appeal," Ms Claes assures.
"In addition, we would like to acknowledge the significant sacrifices being made by volunteer firefighters across multiple fire zones. As a consequence, CoreLogic employees who are members of the Rural Fire Services are being provided with paid volunteer leave to support their efforts. On top of that, we will also be working closely over the coming months with our community partner Habitat for Humanity Australia, providing employee volunteers to assist with recovery and property clean-up activities in the Cuddlee Creek community in South Australia, where over 85 homes have been lost.
"We have already established a Bushfire Response Team to accelerate a number of initiatives that will help customers impacted. That includes a program to help ensure that our customers (and their customers) receive the assistance they need at this difficult time. All our programs for <a href="https://www.corelogic.com.au/corelogic-australian-bushfire-support#banking" target="_blank">financial institutions</a>, <a href="https://www.corelogic.com.au/corelogic-australian-bushfire-support#insurance" target="_blank">insurance companies</a>, <a href="https://www.corelogic.com.au/corelogic-australian-bushfire-support#government" target="_blank">government agencies</a> and <a href="https://www.corelogic.com.au/corelogic-australian-bushfire-support#propertyowners" target="_blank">property owners</a> are outlined on this web page."
CoreLogic offer a free of charge on a one-time basis to financial institutions, insurers and property owners.
<h2>Helping Financial Institutions</h2>
CoreLogic can help identify customer properties that may have been impacted by the bushfires. They can also help find the property's recent estimated value, whether it was listed for sale or rent, and the estimated rebuild cost of the property.
<h2>Helping Insurers</h2>
CoreLogic can help identify customers whose properties may have been impacted which enables insurance organisations to reach out proactively to them and to priorities their inbound enquiries. 
<h2>Helping Government Agencies</h2>
<a href="https://www.corelogic.com.au/corelogic-australian-bushfire-support#contact_us_form" target="_blank">CoreLogic data</a> can help assist state and federal government agencies by identifying and providing information about those properties that may have been impacted. 
They will help government agencies understand population displacement and dislocation, validate relief payment claims, provide economic impact analysis, assist with tax assessments for individuals, businesses or corporations, and identify longer-term health impacts.
<h2>Helping Property Owners</h2>
CoreLogic's can help simplify the task of estimating rebuild costs using their<a href="https://www.propertyobserver.com.au/https://sumsure.cordell.com.au/?_ga=2.200442925.244147514.1579496227-612828265.1579496227#/products/7/profiles/112" target="_blank"> Cordell Sum Sure Calculator</a>. This is an intuitive digital tool that uses CoreLogic property and construction data. It is available as a free-to-use service to help answer pressing concerns regarding bushfire related damagers.
Ms Claes suggests, "For more information regarding our bushfire response, please contact the CoreLogic Customer Call Centre on 1300 734 318, or your client account manager. Alternatively, use the form at the bottom of this page. We are ready to discuss how we can assist you." 
Main photo from <a href="https://www.corelogic.com.au/corelogic-australian-bushfire-support#insurance%20owners" target="_blank">CoreLogic News</a>
 
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Response to Australia's bushfire crisis by CoreLogic

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Today, Stockland Research reveals that, as we enter the new decade, purchasing property is top of mind for Australians. The results also show that there is a strong desire for more social connectivity and sustainable home features becoming standard.
Stockland's 2020 property survey has shown that Australians are heading into the new decade with a positive outlook on home ownership with over 40 per cent planning to buy their own property in the next five to ten years. 93 per cent of purchases are expected to be made by those under 35 years old. 
<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/2020/1/20/7_STOCKLAND%20HOME%20BUY.jpg" alt="" width="593" height="360">
People are willing to look further afield with 36 per cent of those surveyed considering moving interstate, and 44 per cent respondents in New South Wales specifically entertaining the idea of crossing borders. Amongst these respondents, the main reason for considering this move include for better lifestyle, 57 per cent; better job opportunities, 42 per cent; and to buy the home you want for less, 32 per cent. 
<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/2020/1/20/7_RUNNING.jpg" alt="" width="592" height="360">
"It's great to see that home ownership remains a key goal for Australians with many starting 2020 with increasing optimism around achieving this" says Stephanie Vainin, general manager residential sales at Stockland. "Purchasing your own home is still seen as a sense of security for many Australians and this won't change anytime soon.
"The way in which Australians want to live will continue to evolve in 2020 and beyond with many considering that interstate move now more than ever, and an increased demand for features that encourage personal connectivity to communities and improved health and wellbeing." 
Over 60 per cent of Australians would forgo a traditional backyard for a small home with less outdoor space if it meant they were more connected to neighbours and close to community parks and green spaces. 
Survey respondents top features for a dream community of the future also included more walking paths community gardens and recreation spaces and fewer roads.
<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/2020/1/20/7_STOCKLAND%20COMMUNITY.jpg" alt="" width="586" height="373"> 
Ms Vanin explains, "With 24/7 technological connectivity and busy lives, people and increasingly looking for low-maintenance homes located within communities that offer great amenity, social connectivity and physical closeness with their neighbours and wide community. 
"The actual home is still important, however, features that allow for more community living are shifting higher and higher on homeowners' priority lists. That old sense of belonging and knowing your neighbours is more important than ever before." 
Results show that Australians will be even more environmentally conscious this decade with over half, 54 per cent, of the survey respondents stating sustainable and environmental home features are more important to them than they were ten years ago, and 22 per cent stating the purchase of ethical and sustainable items for their home are important. 
A quarter of the respondents also stated they would specifically like automated recycling in their future home, with those over 55 years old the most excited about the prospect. 
<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/2020/1/20/7_BINS.jpg" alt="" width="588" height="357">
"Buyers are much more attuned to the benefits of sustainable home design today than they were a decade ago. The costs of many features such as LED lighting and solar panels are also much more affordable today and buyers now understand the long terms cost benefits of these features for future energy savings to them and the broader benefits to the environment," notes Ms Vanin
This week, Stockland has launched its <a href="https://www.stockland.com.au/start" target="_blank">2020 residential summer campaign</a>. The campaign is built upon the idea that "A day can change a decade" and by taking a step into the home buying journey today, you can set yourself up for the whole decade ahead. 
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How will Australians live over the next decade, Stockland Research

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It comes as no surprise that <a href="https://www.walkscore.com/AU-NSW/Sydney" target="_blank">Walk Score's list</a> rates Sydney as the most walkable large city in Australia. 
The waterfront city has also been deemed <a href="https://images.arcadis.com/media/0/C/0/%7B0C0BECF6-FA5B-49B2-B332-900D50833DEE%7DAAP_MOBILITY%20INDEX_spread.pdf?_ga=2.141593266.1201163471.1579477286-416334874.1579477286" target="_blank">the second most transit-friendly</a> in the country behind Brisbane and in-front of Melbourne. Sydney provides a wide range of transport with ferries, trains, metro and the recently welcomed light rail amongst the many options available. 
Opportunities to cycle have also risen as the city's biking infrastructure has improved in recent years. Significantly more councils have bike lanes with <a href="https://www.cityofsydney.nsw.gov.au/explore/getting-around/cycling/dockless-bike-sharing" target="_blank">stationless shared bikes</a> located and accessible across the city.
<a href="https://mobike.com/au/download" target="_blank">Mobike</a> and <a href="https://www.li.me/en-us/home">LimeBike</a> operate in multiple suburbs and can be tracked and paid on their website and app. LimeBike have, since late 2018, provided <a href="https://www.li.me/electric-assist-bike" target="_blank">electric assisted bikes</a> which has helped encourage more users. 
Sydney is also diverse, home to nearly 200 nationalities, and offers a unique cultural experience with its range of cuisine, museums, galleries, and beaches. 
These are all of metrics Walk Score takes into account when deciding the rankings for each of Sydney's neighbourhoods. Without further ado, here are the <a href="https://www.walkscore.com/AU-NSW/Sydney" target="_blank">top neighbourhoods</a>. 
<h2>1. Haymarket </h2>
Walk Score: 99 | Population: 5,365
"Haymarket is a Walker's Paradise", states Walk Score. "Daily errands do not require a car in Haymarket Sydney." 
Adjacent to Darling Harbour, Haymarket includes much of Sydney's Chinatown, Thaitown and Railway Square localities. 
<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/2020/1/20/1_HAYMARKET%20PADDYS.jpg" alt="" width="557" height="338">
Amongst the neighbourhood's many perks, the proximity of restaurants, bars and coffee shops is highly regarded. There are about eight restaurants, bars and coffee shops, and people in the area can walk to an average of two restaurants, bars and coffee shops in five minutes. 
<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/2020/1/20/2_Haymarket.jpg" alt="" width="557" height="338">
Source: WalkScore 
<h2>2. The Rocks </h2>
Walk Score: 98 | Population: 683
This neighbourhood of historic laneways in the shadow of Sydney Harbour Bridge, has a diverse cluster of people. Interaction mainly takes place at the open-air Rocks Market where street food and handmade items are sold. 
<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/2020/1/20/2_THE%20ROCKS%20MARKET.jpg" alt="" width="553" height="336">
Source: <a href="https://www.timeout.com/sydney/things-to-do/the-rocks-night-markets" target="_blank">TimeOut</a>
The Rocks is home to Sydney's oldest pubs and many upscale harbour-view restaurants. 
This hub of culture is an urban stage of buskers who perform live along the harbour front promenade. The Museum of Contemporary Art offers local and international exhibits. 
<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/2020/1/20/2_Rocks.jpg" alt="" width="555" height="337"> 
Source: WalkScore 
 
<h2>3. Sydney </h2>
Walk Score: 98 | Population: 14,287
<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/2020/1/20/3_Sydney.jpg" alt="" width="550" height="334">
Source: WalkScore 
 
<h2>4. Ultimo</h2>
Walk Score: 98 | Population: 7,106
Located in the inner-city suburb of Sydney, Ultimo is only 2 km south-west of CBD. Broadway is amongst the many attractions of the neighbourhood as well as a range of heritage listed buildings. 
The corporate headquarters and Sydney studios of the Australian Broadcasting Corporation (ABC) are located in Ultimo Centre which houses an auditorium and recording stood. TCS, NITV and Aurora are also located at Ultimo Centre. 
<img src="https://www.urban.com.au/images/2020/1/20/3_Ultimo.png" alt="" width="552" height="335">
Source: WalkScore 
 
<h2>5. Surry Hills </h2>
Walk Score: 97 | Population: 15,379
A constantly evolving area, Surry Hills is notorious for its in-trend scene and cafe culture.
Hip coffee joints, fashion boutiques and global eateries can be found in terraced houses on Crown and Cleveland streets.
<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/2020/1/20/4_SURRY%20HILLS%20CAT%20WALL.jpg" alt="" width="552" height="335">
Source: <a href="https://www.piqsels.com" target="_blank">Surry Hills Cat Wall</a>
This trendy neighbourhood is home to pubs, wine bars, galleries and the Surry Hills Library. 
There is a Surry Hills Market held once a month where street food and vintage goods can be found. 
 
<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/2020/1/20/4_Surrey%20Hills.jpg" alt="" width="553" height="336">
Source: WalkScore 
 
<h2>6. Chippendale </h2>
Walk Score: 97 | Population: 4,069
<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/2020/1/20/6_Chippendale.jpg" alt="" width="545" height="331">
Source: WalkScore 
 
Following shortly behind are the following:
<h2>7. Millers Point </h2>
Walk Score: 96 | Population: 1,742
<h2>8. Darlinghurst </h2>
Walk Score: 96 | Population: 10,096
<h2>9. Newtown</h2>
Walk Score: 95 | 14,142
<h2>10. Rushcutters Bay </h2>
Walk Score: 94 | Population: 2,378
 
 
 
</body></html>

Sydney's most walkable neighbourhoods

<html><body>
Sydney is predicted to lead the Asia-Pacific region with more than six per cent capital value growth in 2020, according to Savills Global prime residential forecasts 2020.
Lisbon and Moscow are the only other capitals across the globe to be forecast to see over six per cent gains.
Sydney's growth predicted was attributed to lower interest rates, increasing immigration and continued increase in demand.
Savills did advise however the market remains sensitive to global uncertainty and price rises could be reactive to any fluctuations in the market.
They said the ongoing bush fires may be a near-term mitigating factor for the market as they start to impact on national GDP growth, however it isn't expected to weaken capital city price growth for middle- to upper-priced detached housing or market sentiment. They suggest it will continue to impede growth in rural areas
Paul Craig, chief executive of Savills Australia and New Zealand, said the Australian residential market is reverting upwards fuelled by lower mortgage rates and unfulfilled demand.
“At 31 Aug 2019 CoreLogic’s National price change was -5.2%yoy, at 30 Nov 2019 the National price change had improved to +0.1%yoy. Sydney (was -6.9%yoy) improved to +1.6% and Melbourne (was -6.2%yoy) improved to +2.2%yo", Craig said. 
Prime residential forecasts 2020 and prime capital value price growth 2019
<table class="t1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td class="td1" valign="top">
City
</td>
<td class="td2" valign="top">
2020 growth forecast
</td>
<td class="td3" valign="top">
Capital value growth 2019 
</td>
<td class="td4" valign="top">
£/psf
</td>
<td class="td4" valign="top">
$/psf
</td>
<td class="td4" valign="top">
€/psm 
</td>
</tr>
<tr>
<td class="td5" valign="top">
Lisbon*
</td>
<td class="td6" valign="top">
6% to 7.9%
</td>
<td class="td7" valign="top">
-
</td>
<td class="td8" valign="middle">
£700
</td>
<td class="td8" valign="middle">
$920
</td>
<td class="td8" valign="middle">
€ 8,900
</td>
</tr>
<tr>
<td class="td9" valign="top">
Sydney
</td>
<td class="td10" valign="top">
6% to 7.9%
</td>
<td class="td11" valign="top">
1.7%
</td>
<td class="td12" valign="middle">
£1,270
</td>
<td class="td12" valign="middle">
$1,670
</td>
<td class="td12" valign="middle">
€ 16,100
</td>
</tr>
<tr>
<td class="td5" valign="top">
Moscow
</td>
<td class="td6" valign="top">
6% to 7.9%
</td>
<td class="td7" valign="top">
2.3%
</td>
<td class="td8" valign="middle">
£980
</td>
<td class="td8" valign="middle">
$1,280
</td>
<td class="td8" valign="middle">
€ 12,400
</td>
</tr>
<tr>
<td class="td13" valign="top">
Paris
</td>
<td class="td14" valign="top">
4% to 5.9%
</td>
<td class="td7" valign="top">
6.4%
</td>
<td class="td8" valign="middle">
£1,210
</td>
<td class="td8" valign="middle">
$1,590
</td>
<td class="td8" valign="middle">
€ 15,400
</td>
</tr>
<tr>
<td class="td13" valign="top">
Amsterdam*
</td>
<td class="td14" valign="top">
4% to 5.9%
</td>
<td class="td7" valign="top">
-
</td>
<td class="td8" valign="middle">
£710
</td>
<td class="td8" valign="middle">
$930
</td>
<td class="td8" valign="middle">
€ 8,900
</td>
</tr>
<tr>
<td class="td13" valign="top">
Guangzhou
</td>
<td class="td14" valign="top">
4% to 5.9%
</td>
<td class="td7" valign="top">
0.5%
</td>
<td class="td8" valign="middle">
£890
</td>
<td class="td8" valign="middle">
$1,170
</td>
<td class="td8" valign="middle">
€ 11,300
</td>
</tr>
<tr>
<td class="td13" valign="top">
Hangzhou
</td>
<td class="td14" valign="top">
4% to 5.9%
</td>
<td class="td7" valign="top">
4.8%
</td>
<td class="td8" valign="middle">
£750
</td>
<td class="td8" valign="middle">
$980
</td>
<td class="td8" valign="middle">
€ 9,500
</td>
</tr>
<tr>
<td class="td15" valign="top">
Berlin
</td>
<td class="td16" valign="top">
2% to 3.9%
</td>
<td class="td11" valign="top">
8.8%
</td>
<td class="td12" valign="middle">
£760
</td>
<td class="td12" valign="middle">
$990
</td>
<td class="td12" valign="middle">
€ 9,600
</td>
</tr>
<tr>
<td class="td17" valign="top">
Singapore
</td>
<td class="td18" valign="top">
2% to 3.9%
</td>
<td class="td7" valign="top">
-0.2%
</td>
<td class="td8" valign="middle">
£1,200
</td>
<td class="td8" valign="middle">
$1,580
</td>
<td class="td8" valign="middle">
€ 15,300
</td>
</tr>
<tr>
<td class="td17" valign="top">
London
</td>
<td class="td18" valign="top">
2% to 3.9%
</td>
<td class="td7" valign="top">
-1.5%
</td>
<td class="td8" valign="middle">
£1,460
</td>
<td class="td8" valign="middle">
$1,920
</td>
<td class="td8" valign="middle">
€ 18,500
</td>
</tr>
<tr>
<td class="td17" valign="top">
Cape Town
</td>
<td class="td18" valign="top">
2% to 3.9%
</td>
<td class="td7" valign="top">
-6.3%
</td>
<td class="td8" valign="middle">
£230
</td>
<td class="td8" valign="middle">
$310
</td>
<td class="td8" valign="middle">
€ 3,000
</td>
</tr>
<tr>
<td class="td17" valign="top">
Shanghai
</td>
<td class="td18" valign="top">
2% to 3.9%
</td>
<td class="td7" valign="top">
3.3%
</td>
<td class="td8" valign="middle">
£1,340
</td>
<td class="td8" valign="middle">
$1,760
</td>
<td class="td8" valign="middle">
€ 17,000
</td>
</tr>
<tr>
<td class="td19" valign="top">
Tokyo
</td>
<td class="td20" valign="top">
0% to 1.9%
</td>
<td class="td7" valign="top">
1.9%
</td>
<td class="td8" valign="middle">
£1,650
</td>
<td class="td8" valign="middle">
$2,160
</td>
<td class="td8" valign="middle">
€ 21,000
</td>
</tr>
<tr>
<td class="td21" valign="top">
Los Angeles
</td>
<td class="td22" valign="top">
0% to 1.9%
</td>
<td class="td11" valign="top">
-2.8%
</td>
<td class="td12" valign="middle">
£1,050
</td>
<td class="td12" valign="middle">
$1,370
</td>
<td class="td12" valign="middle">
€ 13,200
</td>
</tr>
<tr>
<td class="td19" valign="top">
Geneva*
</td>
<td class="td20" valign="top">
0% to 1.9%
</td>
<td class="td7" valign="top">
-
</td>
<td class="td8" valign="middle">
£1,470
</td>
<td class="td8" valign="middle">
$1,930
</td>
<td class="td8" valign="middle">
€ 18,700
</td>
</tr>
<tr>
<td class="td19" valign="top">
Beijing
</td>
<td class="td20" valign="top">
0% to 1.9%
</td>
<td class="td7" valign="top">
0.9%
</td>
<td class="td8" valign="middle">
£1,090
</td>
<td class="td8" valign="middle">
$1,440
</td>
<td class="td8" valign="middle">
€ 13,900
</td>
</tr>
<tr>
<td class="td19" valign="top">
Shenzhen
</td>
<td class="td20" valign="top">
0% to 1.9%
</td>
<td class="td7" valign="top">
1.9%
</td>
<td class="td8" valign="middle">
£1,130
</td>
<td class="td8" valign="middle">
$1,480
</td>
<td class="td8" valign="middle">
€ 14,300
</td>
</tr>
<tr>
<td class="td19" valign="top">
San Francisco
</td>
<td class="td20" valign="top">
0% to 1.9%
</td>
<td class="td7" valign="top">
-3.2%
</td>
<td class="td8" valign="middle">
£1,180
</td>
<td class="td8" valign="middle">
$1,550
</td>
<td class="td8" valign="middle">
€ 15,100
</td>
</tr>
<tr>
<td class="td23" valign="top">
Madrid
</td>
<td class="td24" valign="top">
0%
</td>
<td class="td7" valign="top">
0.6%
</td>
<td class="td8" valign="middle">
£550
</td>
<td class="td8" valign="middle">
$720
</td>
<td class="td8" valign="middle">
€ 7,000
</td>
</tr>
<tr>
<td class="td25" valign="top">
Barcelona
</td>
<td class="td26" valign="top">
0%
</td>
<td class="td11" valign="top">
0.7%
</td>
<td class="td12" valign="middle">
£490
</td>
<td class="td12" valign="middle">
$650
</td>
<td class="td12" valign="middle">
€ 6,200
</td>
</tr>
<tr>
<td class="td23" valign="top">
Bangkok
</td>
<td class="td24" valign="top">
0%
</td>
<td class="td7" valign="top">
-1.0%
</td>
<td class="td8" valign="middle">
£670
</td>
<td class="td8" valign="middle">
$880
</td>
<td class="td8" valign="middle">
€ 8,600
</td>
</tr>
<tr>
<td class="td17" valign="top">
Miami
</td>
<td class="td18" valign="top">
-1.9% to 0%
</td>
<td class="td7" valign="top">
-5.4%
</td>
<td class="td8" valign="middle">
£730
</td>
<td class="td8" valign="middle">
$960
</td>
<td class="td8" valign="middle">
€ 9,300
</td>
</tr>
<tr>
<td class="td17" valign="top">
Mumbai*
</td>
<td class="td18" valign="top">
-1.9% to 0%
</td>
<td class="td7" valign="top">
-
</td>
<td class="td8" valign="middle">
£980
</td>
<td class="td8" valign="middle">
$1,290
</td>
<td class="td8" valign="middle">
€ 12,500
</td>
</tr>
<tr>
<td class="td17" valign="top">
Kuala Lumpur
</td>
<td class="td18" valign="top">
-1.9% to 0%
</td>
<td class="td7" valign="top">
-1.0%
</td>
<td class="td8" valign="middle">
£210
</td>
<td class="td8" valign="middle">
$280
</td>
<td class="td8" valign="middle">
€ 2,700
</td>
</tr>
<tr>
<td class="td17" valign="top">
New York
</td>
<td class="td18" valign="top">
-1.9% to 0%
</td>
<td class="td7" valign="top">
-3.0%
</td>
<td class="td8" valign="middle">
£1,910
</td>
<td class="td8" valign="middle">
$2,510
</td>
<td class="td8" valign="middle">
€ 24,300
</td>
</tr>
<tr>
<td class="td27" valign="top">
Dubai
</td>
<td class="td28" valign="top">
-2% to -3.9%
</td>
<td class="td11" valign="top">
-5.8%
</td>
<td class="td12" valign="middle">
£440
</td>
<td class="td12" valign="middle">
$580
</td>
<td class="td12" valign="middle">
€ 5,600
</td>
</tr>
<tr>
<td class="td29" valign="top">
Hong Kong
</td>
<td class="td30" valign="top">
-6% to -7.9%
</td>
<td class="td7" valign="top">
-1.5%
</td>
<td class="td8" valign="middle">
£3,510
</td>
<td class="td8" valign="middle">
$4,610
</td>
<td class="td8" valign="middle">
€ 44,700
 
</td>
</tr>
</tbody></table>
“The RBA and APRA will become concerned as house prices approach 2017 highs (expected in May 2020) and we could see the reapplication of macro-prudential measures to curb house prices and address affordability issues.”
 Savills Australia's director of residential Chris Orr said luxury property in Sydney’s key markets have definitely bounced back.
“Sydney overall has recovered anywhere from 5-7% in blue-chip areas however there are still some local markets where there is an oversupply of apartments which has negatively impacted prices", Orr said.
“Australia as a whole, is considered a growth market at the moment given our recent financial regulations having changed for the better and new re-elected Government which is focussed on maintaining a secure economy."
 
  
 
 
 
</body></html>

jrobinson-rf4aSBido9

Sydney to lead Asia-Pacific region with six per cent real estate value growth in 2020: Savills

<html><body>
Perth's new Forrestfield railway line that will also serve Perth Airport is expected to complete tunneling in the first half of 2020 as progress steps up a gear on building the new stations.

In an end of year news update, the project delivery team said 7600 tunnel rings have been installed and both TBMs - Grace in the lead, Sandy in pursuit - are nearing the end of the run under the Swan River broadly along the Tonkin Highway corridor toward the Bayswater tunnel diver and junction site.

Following the excavation of the station pit at Redcliffe - located to the east of Perth Airport's Qantas terminals - both TBMs arrived in the first half of 2019, underwent a one-month-long maintenance round and then were sent on the final leg of the journey towards Bayswater.

Meanwhile, early works have begun on the upgrade to Bayswater station that <a href="/news/wa-government-unveils-major-upgrade-for-bayswater-station-as-part-of-perths-metronet-program">Urban.com.au reported on in December 2018</a>, with an <a href="https://www.mediastatements.wa.gov.au/Pages/McGowan/2020/01/Kurrajong-tree-relocated-as-part-of-Bayswater-METRONET-works.aspx">80-year-old Kurrajong tree</a> delicately relocated from the station worksite.  

[smartcode_project:default project_id=26734]

At Airport Central station which is located next to the Virgin and International terminals, in November the Skybridge linking the station to the terminals was completed with the longest single-span uninterrupted escalators measuring 35m long and 15 high being the noteworthy addition late last year.

The line's terminus at Forrestfield station reached the halfway mark during 2019 according to the end-of-year summary. The tunnel portal building, storage building as well as station's main concourse, platforms and vertical transport (escalators, stairs, lift frames) were all installed in 2019.

The Forrestfield-Airport Link is being delivered through a single-package "lump sum" Design and Construct Contract that was awarded to a Slini Impregilo-NRW Joint Venture in April 2016.  

<iframe frameborder="0" height="500" scrolling="no" src="https://www.urban.com.au/developments/bayswater-wa?embeddable=list-map" width="100%"></iframe>

<h2>Thornlie-Cockburn link contracts signed</h2>

In mid-December 2019 the Western Australia Government signed a contract to kick off construction on the <a href="/news/wa-cabinet-pushes-yanchep-extension-and-thornlie-cockburn-link-closer-to-start-of-construction">Thornlie-Cockburn link</a> which will create a suburb-to-suburb loop in Perth's southern and southeastern suburbs.

The Thornlie-Cockburn link is designed to connect the southern Mandurah line with the southeastern Armadale line.  Thornlie already exists as a branch off the Armadale line, the project will see existing track duplicated and then extended to Cockburn Central with two new stations located between Thornlie and Cockburn Central.

The price of the contract has come in at $716 million and is expected to be complete by 2023.  This compares to a pre-election commitment of $474 million and a start date of 2021.

The NEWest Alliance comprising CPB Contractors and Downer was awarded the contract.

<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/perth_metro_net1.jpg" rel="gallery-all" title="The WA Government's METRONET heavy rail plan"><img alt="" class="image-article-full-width-580px" height="773" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/perth_metro_net1.jpg?itok=55o0mTHz" title="The WA Government's METRONET heavy rail plan" width="580"></a>

<figcaption>The WA Government's METRONET heavy rail plan</figcaption></figure>
</body></html>

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