Brisbane-based developer <a href="https://www.apartments.com.au/developers/azure">Azure</a> is has been greenlit for its $115 million residential project within the Gold Coast Health and Knowledge Precinct in Southport

Following the acquisition of the site at <a href="https://www.apartments.com.au/new-townhouses/1-clarke-street-southport-qld-4215">1 Clarke Street</a> in October 2025 with development application Lodgement in January 2026, Azure has been granted approval for the 114 terraces which will form the final stage of the wider Lumina development.

“It’s a fantastic milestone for us to receive the green light on our second Gold Coast project,” said Trent Keirnan, Founder of Azure.

“The Gold Coast continues to evolve, with demand for considered, high-quality residences at an all-time high. This project has been thoughtfully shaped to respond to that demand.

“We’ve worked closely with Economic Development Queensland to bring this project forward, and the collaboration has been both proactive and highly considered. Their shared commitment to quality housing outcomes has enabled a streamlined approvals process and a strong result for the precinct.”&nbsp;

Appealing to a wide demographic, the project will deliver a range of two- and three-storey designs comprising a collection of three-bedroom terrace homes as well as one- and two-bedroom apartment-style residences. The designs by <a href="https://www.apartments.com.au/architects/plus-studio">Plus Studio</a>&nbsp;focus on&nbsp;“urban coastalism”.

Residents will have access to an array of lifestyle amenities, including a resort-style pool with multiple lounging zones and landscaped gardens.

The residential offering will support the thriving Health and Knowledge Precinct, which includes Griffith University, Gold Coast University Hospital, Gold Coast Private Hospital and the new RDX Lumina and Proxima Towers, which are home to a range of health, education and research tenancies, including a 200-place childcare centre.

Azure aims for an off-market release for the project in the third quarter of this year, at the same time as construction is anticipated to start.

Joel Robinson

Azure approved for new townhouse development in Southport

Fortis has secured approval for a 57-room hotel at Richmond Square, marking another milestone in the delivery of the $330 million mixed-use precinct in Melbourne's inner east.

The hotel will occupy Levels 1 and 2 of Carmine House and forms part of Fortis' vision for Richmond Square, a precinct that will bring together apartments, hospitality, wellness and lifestyle offerings between Richmond and Cremorne.

Once complete, <a href="https://www.apartments.com.au/new-apartments/richmond-square-1-wiltshire-street-richmond-vic-3121">Richmond Square</a> will comprise 107 residences across Wiltshire House and Carmine House, alongside the hotel, hospitality venues, wellness facilities and a range of services aimed at both residents and visitors.

[smartcode_project:default project_id=13181 project_image_fid=348529]

The approval adds another layer to what Fortis is creating at Richmond Square, as developers increasingly look beyond standalone apartment buildings and towards mixed-use precincts that provide amenity and activation beyond the front door.

Jordan Winada, Head of Acquisitions (Commercial) Victoria at Fortis, said the approval was an important step in delivering the broader vision for the project.

"Richmond Square has always been about creating a destination rather than simply delivering residential apartments," Winada said.

"As buyer expectations continue to evolve, we're seeing increasing demand for developments that offer convenience, connection and access to high-quality experiences and amenity as part of everyday life.

"The hotel approval allows us to further realise that vision and create a precinct where residential living is complemented by hospitality, services and amenity in a way that is rarely seen in Melbourne's CBD and city fringe."

[smartcode_project:default project_id=13181 project_image_fid=348530]

The hotel will also support a range of optional services for residents of Carmine House, including housekeeping and linen refresh programs, laundry and dry-cleaning services, in-residence food and beverage delivery, grocery and pantry stocking services, and concierge assistance.

The approval comes as owner-occupiers continue to dominate Australia's new apartment market, with buyers increasingly seeking developments that offer convenience, flexibility and lifestyle amenity alongside their homes.

Winada said buyers are now placing greater emphasis on the broader precinct and surrounding amenity when making purchasing decisions.

"Residential amenity is no longer limited to what sits within an apartment building. Buyers are increasingly assessing the broader lifestyle ecosystem surrounding their home and the ways in which a precinct can support their day-to-day needs.

"Richmond Square has been designed to provide that experience through a carefully curated mix of residential, hospitality and lifestyle offerings that work together to create a more connected way of living."

[smartcode_project:default project_id=13181 project_image_fid=348534]

The hotel is expected to open in early 2027, with the operator to be announced later this year.

Further hospitality, retail and lifestyle tenants are also expected to be revealed in the coming months as Fortis continues to shape the offering at Richmond Square.

[smartcode_project_cta:default project_id=13181]

Fortis approved for hotel component of Richmond Square precinct

Having successfully expanded into a new region with its Caloundra apartment development, Sunset by Dusk Group, growing South East Queensland developer Dusk Group is again venturing into new territory.

The developer has lodged plans for a 70-apartment project in the Moreton Bay region, to be known as <a href="https://www.apartments.com.au/new-apartments/sunrise-on-sutton-25-sutton-street-redcliffe-qld-4020">Sunrise on Sutton</a>, named after its prime Sutton Street location, just one street back from Suttons Beach.

<img alt="Sutton" data-entity-type="file" data-entity-uuid="88a9f9ee-6ace-47f5-a0c6-8fb134b27e98" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-15%20at%209.20.42%E2%80%AFAM.png?VersionId=iMXmJ7_BNZAmCt.jjupMSLdV_Qa9zJAK" />

Dusk Group Directors Huw Feeney and Anthony Short seized the opportunity to acquire the near-1,800 sqm amalgamated corner site at Sutton and Ella Streets for their first project in the area.

They have again enlisted MAS Architecture Studio, the architects behind Sunset by Dusk, to design the new eight-storey development.

The building will comprise a mix of one, two and three-bedroom apartments and has been designed to maximise views towards Suttons Beach, Margate Beach and Moreton Bay.

Pending approvals, the project could launch before the end of the year.

<img alt="Dusk" data-entity-type="file" data-entity-uuid="90c0c26c-096c-4ceb-8c58-f8303aea542f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-15%20at%209.20.49%E2%80%AFAM.png?VersionId=nw8bqQtpOrf5nA95tuYhtqdB59YUzmO0" />

The development will provide 111 car parking spaces and 40 bicycle spaces.

Positioned within walking distance of Suttons Beach, Bluewater Square, Redcliffe Hospital and the Redcliffe Paceway, the development will sit within one of the peninsula's increasingly urbanised coastal pockets.

Redcliffe's new apartment market remains exceptionally tight, with Gardner Vaughan Group's One Redcliffe currently the only new apartment development actively being marketed in the beachside suburb.

It's another beach-focused development for Dusk Group, who has seen considerable success at its Caloundra apartment development, <a href="https://www.apartments.com.au/new-apartments/sunset-by-dusk-group-caloundra-5-7-bombala-terrace-caloundra-qld-4551">Sunset by Dusk Group</a>.

Over 80 per cent of the 36 apartments have sold ahead of its early 2027 completion.

&nbsp;

First look: Dusk Group targets Suttons Beach precinct with 70-apartment Redcliffe proposal

Leading Brisbane developer <a href="https://www.apartments.com.au/developers/consolidated-properties">Consolidated Properties Group (CPG)</a> has completed and settled $450 million worth of apartments at Monarch Residences in Toowong, marking one of Brisbane’s most significant and prestigious riverfront residential completions in recent years.

The final apartment at Monarch sold at auction on the 30th May for $4.1m.&nbsp;

The milestone has been marked at a ribbon-cutting ceremony at <a href="https://www.apartments.com.au/buildings/monarch-residences-toowong-600-coronation-drive-toowong-qld-4066">Monarch Residences</a>, with Cr Penny Wolff highlighting the importance of completing major residential projects to boost the city’s much-needed housing supply.

The 224 apartments, delivered across two 15-level towers, are now officially in the hands of owners, including Brisbane downsizers, families and professionals who have traded traditional houses for apartment living. The completion underscores sustained demand for absolute riverfront living in Brisbane’s inner west.

<img alt="$450M Monarch Residences sells out as Brisbane riverfront demand surges" data-entity-type="file" data-entity-uuid="56ae05e9-092f-41f0-98a1-a10984fdd171" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/ROBNN_MONARCHLAUNCHEVENT-131.jpg?VersionId=p76J6weGZqseNrE6aOAjmAHUah.y65Gd" />

Monarch Residences was planned and delivered over four years on a 1.2-hectare parcel with more than 130 metres of direct frontage to the Brisbane River, occupying one of the last remaining true riverfront sites of its scale and orientation within close proximity to the CBD. The site has been transformed from an underutilised, derelict block of land, into a thriving residential precinct with Middenbury House at its centre.&nbsp;

Consolidated Properties Group CEO and Chairman Don O’Rorke says the project’s completion represents the culmination of years of careful planning, design collaboration, market conviction and outstanding team delivery.

“We announced Monarch Residences in late 2021 and it’s been one of the most strongly received residential projects in our 45-year history,” Mr O’Rorke said.

"We are incredibly grateful to the outstanding team who helped bring Monarch Residences to life. A special thank you to Hutchinson Builders and their hardworking labour force for delivering a development of exceptional quality that our residents will be proud to call home for many years to come.

“Brisbane City Council and Titles Queensland also played a huge role in getting residents into their homes early through the pilot programs they ran to speed up the approval processes. They understand the challenges of the housing industry and are doing something about it.”&nbsp;

[smartcode_project:default project_id=113455 project_image_fid=211466]

Consolidated Properties Group Head of Residential, James MacGinley said Monarch Residences showed what could be achieved when private industry and government worked together to deliver new housing for Brisbane.

“Monarch Residences has delivered more than 200 new apartments in Brisbane’s inner-west at a time when additional housing supply is critically important,” MacGinley said.

“It’s fantastic to see residents now moving into this landmark riverfront development, which reflects the strength of collaboration between Council and the project team throughout delivery.

“All government agencies played a significant hand in achieving a fast-tracked outcome for Monarch Residences with Brisbane City Council, Urban Utilities, Energex and Titles Queensland assisted to remove hurdles to achieve settlements.”

[smartcode_project:default project_id=113455 project_image_fid=302326]

With Monarch Residences now complete, CPG has launched River Living, a bespoke on-site property management service designed to enhance the resident experience. The service will support all future CPG residential projects, including the recently announced <a href="https://www.apartments.com.au/new-apartments/gloriette-30-bedivere-street-yeerongpilly-qld-4105">Gloriette</a> in Yeerongpilly and <a href="https://www.apartments.com.au/new-apartments/castile-47-skyring-terrace-newstead-qld-4006">Castile</a> in Newstead.

The completion also marks the opening of a prized leasing opportunity at the heritage-listed Middenbury House, built in 1865 and which has been carefully restored and integrated into the broader masterplan.&nbsp;

CPG said the adaptive reuse of the landmark riverfront residence presents an opportunity to introduce a complementary boutique tenancy that respects the site’s historic significance while activating the riverfront frontage.

[smartcode_project:default project_id=113455 project_image_fid=211495]

Colliers Director of Residential Andrew Scriven said the move-in phase highlights continued demand for completed premium riverfront apartments in Brisbane.

“Residents are now experiencing firsthand the scale, craftsmanship and irreplaceable riverfront position that Monarch offers,” Scriven said.

“Opportunities to secure a brand-new, completed residence on Brisbane’s absolute riverfront are exceptionally rare. Combined with the proven track record of Consolidated Properties Group and Hutchinson Builders, combined with a design vision brought to life by some of Australia’s leading architects and designers, Monarch represents a unique opportunity to purchase a home of enduring quality and prestige.”

Monarch Residences was designed in collaboration with Melbourne-based architect Wardle Studio, alongside leading national practice Cottee Parker, with construction delivered by Hutchinson Builders.

[smartcode_project_cta:default project_id=113455]

Consolidated Properties Group sells out Monarch Residences as Brisbane riverfront demand surges

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.

First look: HSN, Rebel, advances Woolloomooloo precinct plans

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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The Brisbane-based former Wallabies captain Stephen Moore has listed what was once billed as his Paddington forever home.
It is reportedly expected to fetch somewhere between $3 million and $4 million.
It was only in July this year when, after living in 12 different properties over the past decade, the Queensland rugby legend and his wife, advised they were putting down roots, having finished building "their forever home" in the sought-after suburb of Paddington.
“We were talking about this dream for so long,” Moore told The Courier-Mail.
Moore told the local paper they planned to live in the home for at least the next decade.
“After all this time, we’ve got a place we can call home — and that’s a really good feeling.”
<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/2019/10/14/STEPHEN%20MOORE%20PADDINGTON.jpg" alt="">
The newly built five-bedroom and three-bathroom contemporary, three-level house has views of the city skyline.
Its five bedrooms are spread across the three levels of the home that replaced a rundown 1930s cottage.
The master wing, complete with ensuite and study nook, is accessed by a bridge.
Moore says it is time to sell as his family of three children needed more space.
The former player turned corporate pastoralist has a bigger block of land back at Bardon.
<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/2019/10/14/STEPHEN%20MOORE%20PADDINGTON%202.jpg" alt="">
“We are looking at doing a potentially bigger thing at Bardon, looking for a bit more space with three young kids under seven years … and (with) two young boys running around we made the decision to get a bigger plot,” Moore told The Weekend Australian.
“It will be a similar type of project.”
Moore, who played more than 125 tests, bought the existing timber house on 405sq m in Howard Street 10 years ago, which he rented out while he was living in Canberra playing rugby for the Brumbies.
He spent three years planning with its design by Brisbane architect Tim Stewart.
It was built by Graya Construction.
<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/2019/10/14/STEPHEN%20MOORE%20PADDINGTON%204.jpg" alt="">
Expressions of interest close November 8.
“We are doing it now because the home still presents as new; we thought it was the right time. We will probably have to rent nearby and we will stay in the area.”
Matt Lancashire and Josh Brown are handling the listing.
Following his retirement in 2017, Moore moved into the corporate world. He is general manager for corporate and commercial at The North Australian Pastoral Company.
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jchancellor-FAypfDUnLy

Former Wallabies captain Stephen Moore lists his Paddington forever home

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Hoskins Maroondah, and estate agency in Melbourne’s east and its director estate agent Brent Peters (pictured above) have been ordered to pay $899,550 by the Federal Court for misleading sales practices.
Between 2015 and 2016 the agency advertised 24 properties for sale at prices  lower than what it believed they would sell for.
These included properties at Croydon, Croydon Hills, Croydon North, Mooroolbark, Park Orchards, Ringwood, Ringwood North, Warranwood and Wonga Park in the city’s east.
The agency made false, misleading and deceptive representations about the sale of land and to have engaged in unconscionable conduct, the court found.
They will have to pay $860,000 in fines, $29,550 in compensation and $10,000 in costs to Consumer Affairs Victoria.
Consumer Affairs Victoria director Sam Jenkin said the order was significant.
He hopes it sent a firm message to agents that the unscrupulous practice would not be tolerated.
"Underquoting is plainly unfair for prospective buyers and, as we've seen with this outcome, it can also be unfair for vendors too," Mr Jenkin said.
The highest penalty handed out in Victoria was in 2017 to Tim Heavyside and Fletchers offices which was fined $880,000 plus costs for underquoting on 22 properties.
The Federal Court's fine was divided between the Hoskins agency and Mr Peters, with both ordered to pay $430,000 and an extra $5000 in costs each.
Federal Court judge Peter Steward ruled Hoskins Maroondah and director Brent Peters be fined for "unconscionable conduct", including underquoting and then collecting an extra, incentivised commission once properties sold for more than advertised.
Evidence found a board member of the agency noted that the quoted price range was too low and made the business look like "shitty underquotes", Domain reported court documents show.
In one case a Croydon property at 30 Cass Avenue was quoted with a range of $495,000 to $550,000, despite internal estimates averaging $647,000.
The office ran a “Nearest to the Pin” game.
<div class="page" title="Page 1">Public records show it sold for $677,000.</div>
The court documents show the incentive commission was payable at $560,000.
Peters achieved Top 10 salesperson in his first year in real estate in 2001 and was recently named No. 1 salesperson out of a network of 55 offices.
The properties which the court considered were:
<a href="https://www.realestate.com.au/sold/property-house-vic-ringwood-123414738" target="_blank">3 Alma Court, Ringwood</a>  
<a href="https://www.realestate.com.au/sold/property-house-vic-croydon+north-120988522" target="_blank">2 Ambon Rise, Croydon North</a> <a href="https://www.realestate.com.au/sold/property-house-vic-croydon+north-120988522" target="_blank"> </a>
<a href="https://www.realestate.com.au/sold/property-house-vic-croydon+hills-119828751" target="_blank">7 Campaspe Drive, Croydon Hills</a> <a href="https://www.realestate.com.au/sold/property-house-vic-croydon+hills-119828751" target="_blank"> </a>
<a href="https://www.realestate.com.au/sold/property-house-vic-croydon-120681709" target="_blank">30 Cass Avenue, Croydon (Cass Avenue Property)</a>
<a href="https://www.realestate.com.au/sold/property-house-vic-ringwood+north-123417226" target="_blank">48 Crawley Grove, Ringwood North</a> <a href="https://www.realestate.com.au/sold/property-house-vic-ringwood+north-123417226" target="_blank"> </a>
<a href="https://www.realestate.com.au/sold/property-house-vic-croydon+hills-120988526" target="_blank">6 Drysdale Court, Croydon Hills</a> <a href="https://www.realestate.com.au/sold/property-house-vic-croydon+hills-120988526"> </a>
<a href="https://www.realestate.com.au/sold/property-house-vic-croydon-121259122" target="_blank">12 Glen Avenue, Croydon</a> <a href="https://www.realestate.com.au/sold/property-house-vic-croydon-121259122"> </a>
<a href="https://www.realestate.com.au/sold/property-house-vic-croydon-119828747" target="_blank">6 Hannora Crescent, Croydon </a><a href="https://www.realestate.com.au/sold/property-house-vic-croydon-119828747" target="_blank"> </a>
<a href="https://www.propertyobserver.com.au/%20https:/www.realestate.com.au/sold/property-house-vic-croydon+hills-122410254" target="_blank">3 Henry Smith Place, Croydon Hills</a>
<a href="https://www.realestate.com.au/sold/property-house-vic-croydon-121336710" target="_blank">43 Highland Avenue, Croydon </a><a href="https://www.realestate.com.au/sold/property-house-vic-croydon-121336710" target="_blank"> </a>
<a href="https://www.realestate.com.au/sold/property-house-vic-croydon-120681717" target="_blank">21 Hyton Crescent, Croydon </a><a href="https://www.realestate.com.au/sold/property-house-vic-croydon-120681717" target="_blank"> </a>
<a href="https://www.realestate.com.au/sold/property-house-vic-croydon+north-123414742" target="_blank">15 Janson Court, Croydon North </a><a href="https://www.realestate.com.au/sold/property-house-vic-croydon+north-123414742" target="_blank"> </a>
<a href="https://www.realestate.com.au/sold/property-house-vic-warranwood-122064570" target="_blank">30 Kelly Court, Warranwood </a><a href="https://www.realestate.com.au/sold/property-house-vic-warranwood-122064570" target="_blank"> </a>
<a href="https://www.propertyobserver.com.au/%20https:/www.realestate.com.au/sold/property-house-vic-ringwood-123153254" target="_blank">47 Mundara Drive, Ringwood</a>
<a href="https://www.realestate.com.au/sold/property-house-vic-mooroolbark-124252706" target="_blank">96 Partridge Way, Mooroolbark </a><a href="https://www.realestate.com.au/sold/property-house-vic-mooroolbark-124252706" target="_blank"> </a>
<a href="https://www.realestate.com.au/sold/property-house-vic-croydon-119777635" target="_blank">23 Rodleigh Street, Croydon (Rodleigh Street Property) </a><a href="https://www.realestate.com.au/sold/property-house-vic-croydon-119777635" target="_blank"> </a>
<a href="https://www.realestate.com.au/sold/property-house-vic-wonga+park-122905034" target="_blank">14 Roymar Court, Wonga Park </a><a href="https://www.realestate.com.au/sold/property-house-vic-wonga+park-122905034" target="_blank"> </a>
<a href="https://www.realestate.com.au/sold/property-house-vic-croydon+hills-122002938" target="_blank">16 Settlers Hill Crescent, Croydon Hills </a><a href="https://www.realestate.com.au/sold/property-house-vic-croydon+hills-122002938" target="_blank"> </a>
<a href="https://www.propertyobserver.com.au/%20https:/www.realestate.com.au/sold/property-house-vic-croydon-123810874" target="_blank">33A Timms Avenue, Croydon</a>
<a href="https://www.realestate.com.au/sold/property-house-vic-croydon-122127258" target="_blank">14 Webster Avenue, Croydon </a><a href="https://www.realestate.com.au/sold/property-house-vic-croydon-122127258" target="_blank"> </a>
<a href="https://www.realestate.com.au/sold/property-house-vic-mooroolbark-124137766" target="_blank">12 Western Way, Mooroolbark </a><a href="https://www.realestate.com.au/sold/property-house-vic-mooroolbark-124137766" target="_blank"> </a>
<a href="https://www.propertyobserver.com.au/%20https:/www.realestate.com.au/sold/property-house-vic-park+orchards-121939426" target="_blank">8-12 Williams Road, Park Orchards</a>
<a href="https://www.realestate.com.au/sold/property-house-vic-croydon+north-122753682" target="_blank">8 Wilton Close, Croydon North </a><a href="https://www.realestate.com.au/sold/property-house-vic-croydon+north-122753682" target="_blank"> </a>
<a href="https://www.realestateview.com.au/real-estate/8-valkyrie-crescent-ringwood-vic/property-details-sold-residential-8914212/" target="_blank">8 Valkyrie Crescent, Ringwood </a><a href="https://www.realestateview.com.au/real-estate/8-valkyrie-crescent-ringwood-vic/property-details-sold-residential-8914212/" target="_blank"> </a>
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j.ballantyne1990-6AQqhLzZaK

Hoskins Maroondah and estate agent Brent Peters fined $900,000 for unconscionable underquoting

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The Australian nut industry reached a record high $1,045,000,000 in exports for the 2018/19 year, according to the recently released ABS report.
Property valuation firm Herron Todd White (HTW) found that the industry is currently experiencing its largest expansion in a decade, with industry value is split almost equally between domestic and imported product.
The most prominent nut products produced in the country are almonds, macadamia, walnuts, pecans, chestnuts, pistachio, and hazelnuts.
Australia currently exports nuts to around 55 countries, but a range of new free trade agreements currently in negotiation are bringing further optimism to all facets of the industry. 
Walnuts
Major production areas for walnuts are on the east coast of Tasmania, the Goulburn Valley near Shepparton and the Murray Irrigation area near Kerang and Swan Hill in Victoria and in the Riverina (near Griffith and Leeton) in New South Wales.
Small scale orchards are scattered in the Ovens Valley, Gippsland and Central region of Victoria, Southern Highlands and Central Tablelands of New South Wales, the Adelaide Hills and Riverland regions of South Australia, and in south-west Western Australia.
HTW found that the Australian walnut industry has grown significantly in recent years due to growth in the establishment of large-scale commercial plantings.
The production of Australian walnuts in 2018 was in excess of 11,700 tonnes in-shell. Farm-gate value was $55 million and the export value approximately $25 million. 
Close to 3,600 ha of mature and developing walnut trees were under cultivation in 2018. 
HTW noted that this number is expected to rise to 4,300 ha by 2021, as existing growers expand their orchards and new growers enter the industry.
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wdavis-8cCN98p7xp

Australian walnut industry experiences growth: HTW 

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The Australian nut industry reached a record high $1,045,000,000 in exports for the 2018/19 year according to the recently released ABS report.
Property valuation firm Herron Todd White (HTW) found that the industry is currently experiencing its largest expansion in a decade, with industry value is split almost equally between domestic and imported product.
The most prominent nut products produced in the country are almonds, macadamia, walnuts, pecans, chestnuts, pistachio, and hazelnuts..
Australia currently exports nuts to around 55 countries, but a range of new free trade agreements currently in negotiation are bringing further optimism to all facets of the industry. 
Pistachio
The major pistachio production areas are along the Murray River Valley between Swan Hill in Victoria and Waikerie in South Australia. Further plantings are in central west Victoria and Pinnaroo in South Australia.
There are a small number of growers in central New South Wales, southern Victoria and Western Australia though these only currently produce small yields. A central commercial processing facility is located at Robinvale in Victoria.
HTW found that the pistachio industry includes a mix of medium-sized and smaller operations. The bulk of the crop is produced on medium-sized orchards.
The total area under pistachio production in 2018 was 1,300 hectares.
Australian pistachio production averages 1,800 tonnes in-shell per year (2-year average 2017/18).
The industry is expanding, with new plantings of about 150 to 200 hectares per annum occurring over the last few years.
HTW noted that, by 2021, the area under pistachio production is expected to increase to 1,900 hectares, producing a crop of 4,000 tonnes for a farm gate value of $45 million.
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Australian pistachio production expected to more-than-double by 2021: HTW

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The Australian nut industry reached a record high $1,045,000,000 in exports for the 2018/19 year, according to the recently released ABS report.
Property valuation firm Herron Todd White (HTW) found that the industry is currently experiencing its largest expansion in a decade, with industry value is split almost equally between domestic and imported product.
The most prominent nut products produced in the country are almonds, macadamia, walnuts, pecans, chestnuts, pistachio, and hazelnuts..
Australia currently exports nuts to around 55 countries, but a range of new free trade agreements currently in negotiation are bringing further optimism to all facets of the industry. 
Pecans
Most of the Australian pecan crop is produced under irrigation in the Gwydir Valley, east of Moree in northern inland New South Wales.
Smaller scale production extends from the Hunter Valley and Nelson Bay on the NSW Central Coast to the Mid North Coast near Kempsey, and the North Coast around Lismore. Pecans are also grown in Central Queensland around Mundubbera and Eidsvold and in the South East in the Lockyer Valley and south to the NSW border.
HTW found that the area under pecan orchards nationally is currently 1,800 ha, producing approximately 3,000 tonnes in-shell (1,650 tonnes of kernel).
Pecan trees take 10 years or more to reach full production there is a substantial lag time before new plantings impact crop size.
After a long period of stagnation production increases are now being observed, according to the property valuation firm.
Global production remains concentrated in US and Mexico which together account for 90% or more of the world crop.
South Africa continues to expand production with small but significant crops also to be found in Central and South America, HTW noted.
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Australian pecan industry finally reaping rewards: HTW

<html><body>
The Australian nut industry reached a record high $1,045,000,000 in exports for the 2018/19 year, according to the recently released ABS report.
Property valuation firm Herron Todd White (HTW) found that the industry is currently experiencing its largest expansion in a decade, with industry value is split almost equally between domestic and imported product.
The most prominent nut products produced in the country are almonds, macadamia, walnuts, pecans, chestnuts, pistachio, and hazelnuts..
Australia currently exports nuts to around 55 countries, but a range of new free trade agreements currently in negotiation are bringing further optimism to all facets of the industry. 
Macadamias
Macadamias are grown along the eastern seaboard of New South Wales and Queensland, from Port Macquarie in the south, through to the Atherton Tablelands in the north - About half of the Australian crop is produced in NSW and half in QLD.
HTW found that production is expanding most rapidly in Bundaberg (QLD), and the Clarence Valley (NSW).
New plantings are also being developed in Mackay, Maryborough and Emerald in Queensland and in the Richmond Valley in NSW.
The industry is in the middle of its fastest growth since the early 1990s. Bundaberg became the single largest growing region in 2016.
The recent resurgence in new plantings has seen almost 1.5 million trees or 5,000 ha established in the last five years. 
There are currently around 8 million macadamia trees under cultivation. Of these, about one third are yet to reach full production. 
By 2025 about 30,000 ha will be planted to macadamias with kernel production of over 22,000 tonnes, or 70,000 tonnes inshell. Export value is expected to exceed $400 million.
Global demand currently exceeds supply however the property valuation firm estimates that global supply may triple in the next 7 years.
The biggest growth in demand is currently coming from Asia, where urban consumers are focussed on health, convenience and new products.
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Australian macadamia industry sees fastest growth since the 1990's: HTW

<html><body>
The Australian nut industry reached a record high $1,045,000,000 in exports for the 2018/19 year according to the recently released ABS report.
Property valuation firm Herron Todd White (HTW) found that the industry is currently experiencing its largest expansion in a decade, with industry value is split almost equally between domestic and imported product.
The most prominent nut products produced in the country are almonds, macadamia, walnuts, pecans, chestnuts, pistachio, and hazelnuts..
Australia currently exports nuts to around 55 countries, but a range of new free trade agreements currently in negotiation are bringing further optimism to all facets of the industry. 
Hazelnuts 
Hazelnuts are grown in the temperate areas of south-eastern Australia. The main production regions are the Central Tablelands of New South Wales around Orange, Narrandera, and northeast Victoria around Myrtleford. They are also grown in central and eastern Victoria and increasingly in northern Tasmania. There are small levels of production in South Australia and Western Australia.
HTW found that many hazelnut operations are small orchards of up to 6,000 trees, although this is slowly changing with the average size of new hazelnut orchards increasing and more productive varieties being planted.
Hazelnuts generally take seven to 10 years to come into commercial production.
Australia has recently seen a major on-farm investment in hazelnuts by Ferrero, one of the world’s largest confectionery manufacturers.
Its wholly owned subsidiary, Agri Australis, has planted 1 million trees across 1,900 hectares near Narrandera.
This confirms that the opportunities for Australian hazelnuts are large, giving renewed confidence to Australian growers.
Ferrero’s first small harvest occurred in 2018.
The property valuation firm concluded that the industry is set for rapid expansion - as young orchards come into commercial bearing the industry estimates hazelnut production by 2021 will be 5,500 tonnes in-shell with a value of $40 million.
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Australian hazelnut industry shifting to a larger scale: HTW

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The highly anticipated new addition to the Melbourne skyline, <a href="/developments/melbourne-vic-3000">435 Bourke Street</a>, has undergone a significant design iteration process to ensure it meets council compliance and regulation. A <a href="https://www.melbourne.vic.gov.au/about-council/committees-meetings/meeting-archive/MeetingAgendaItemAttachments/875/15600/OCT19%20FMC2%20AGENDA%20ITEM%206.4.pdf">Future Melbourne Committee meeting</a> to be held on the 15th of October will reach a final decision regarding the building’s height, which Bates Smart has reduced from 58 to 49 floors (including basement levels) since the first planning application was <a href="/news/cbus-property-submits-planning-application-for-its-landmark-435-bourke-street-site">submitted in 2018</a>.

<figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2019-10-11_at_4.22.26_pm.png" rel="gallery-all" title="Before and after designs, L-R 2018, 2019. Credit: Bates Smart"><img alt="" class="image-article-full-width-580px" height="421" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-10-11_at_4.22.26_pm.png?itok=Xj-7nbvt" title="Before and after designs, L-R 2018, 2019. Credit: Bates Smart" width="580"></a>

<figcaption>Before and after designs, L-R 2018, 2019. Credit: Bates Smart</figcaption></figure><figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2019-10-11_at_1.34.43_pm.png" rel="gallery-all" title="Before and after designs. Credit: Bates Smart"><img alt="" class="image-article-full-width-580px" height="485" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-10-11_at_1.34.43_pm.png?itok=LIyttgBA" title="Before and after designs. Credit: Bates Smart" width="580"></a>

<figcaption>Before and after designs. Credit: Bates Smart</figcaption></figure>Despite <a href="https://www.skyscrapercity.com/showthread.php?t=2142768&amp;page=19">upsetting many skyscraper enthusiasts</a>, one of the main reasons for height reduction from 250m to 181.875m was due to the overshadowing of the streetscape and Yarra River throughout certain periods of the day.

<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/screen_shot_2019-10-11_at_1.36.36_pm.png" rel="gallery-all" title="435 Bourke Street's original height would cast a shadow over the Yarra River, whereas the new design will not. Credit: Bates Smart"><img alt="" class="image-article-full-width-580px" height="458" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-10-11_at_1.36.36_pm.png?itok=Az3dkmCy" title="435 Bourke Street's original height would cast a shadow over the Yarra River, whereas the new design will not. Credit: Bates Smart" width="580"></a>

<figcaption>435 Bourke Street's original height would cast a shadow over the Yarra River, whereas the new design will not. Credit: Bates Smart</figcaption></figure>While older buildings may exceed modern shadow limitations (as seen on the map above), modern skyscrapers such as 435 Bourke Street (depicted in the green shadows above) must follow stricter compliance guidelines. 

In addition to the height change, one bank of lifts will also be removed, however, the ground floor layout will remain unchanged. With regard to heritage overlays, the site has been assessed, and the conclusion was drawn that the existing heritage building was of poor structural condition, meaning a new street-level tower podium will be constructed in its place.

<blockquote>
“A number of structural engineers have assessed the condition of the building’s façade and have concluded that the façade is in poor structural condition and therefore retention of the building is not possible/viable.”
</blockquote>

Comment sourced from Future Melbourne Committee <a href="https://www.melbourne.vic.gov.au/about-council/committees-meetings/meeting-archive/MeetingAgendaItemAttachments/875/15600/OCT19%20FMC2%20AGENDA%20ITEM%206.4.pdf">meeting agenda</a>

<h2>New designs by Bates Smart</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/screen_shot_2019-10-11_at_1.35.39_pm.png" rel="gallery-all" title="435 Bourke Street exterior render 2019. Credit: Bates Smart"><img alt="" class="image-article-full-width-580px" height="428" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-10-11_at_1.35.39_pm.png?itok=GGv1aG27" title="435 Bourke Street exterior render 2019. Credit: Bates Smart" width="580"></a>

<figcaption>435 Bourke Street exterior render 2019. Credit: Bates Smart</figcaption></figure><figure><a class="colorbox colorbox-insert-image" href="https://res.cloudinary.com/dz9xllyip/image/fetch/q_auto:good/https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2019-10-11_at_1.35.55_pm.png" rel="gallery-all" title="435 Bourke Street exterior render 2019. Credit: Bates Smart"><img alt="" class="image-article-full-width-580px" height="415" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/screen_shot_2019-10-11_at_1.35.55_pm.png?itok=D3AUVyF5" title="435 Bourke Street exterior render 2019. Credit: Bates Smart" width="580"></a>

<figcaption>435 Bourke Street exterior render 2019. Credit: Bates Smart</figcaption></figure>According to a report by Urbis, Melbourne's CBD is likely to require an additional 4.4 million square metres of office space over the next 17 years. The majority of 435 Bourke Street will be dedicated to commercial tenancies, catering to high demand for additional workspaces within central Melbourne. The tower will also provide a range of modern amenities, including a lavish wellness hub, sprawling landscaped terraces and a selection of retail offerings.

Completion is currently slated for 2023 (subject to change). 

What are your thoughts on the revised design? Let us know in the comments section below.

Lead images: L-R: 2018 tower render, 2019 revised tower render. Credit: Bates Smart.
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Olivia Round

Bates Smart release new designs for 435 Bourke Street in response to Melbourne City Council height amendment request

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Queensland's North and North Western agricultural property markets are experiencing a wide variety of different trends in 2019, according to property valuation firm Herron Todd White (HTW). 
The valuation firm found that some areas were experiencing strong selling conditions, while others were providing more opportunities for buyers.
In regards to grazing, the national drought is bringing buyers to North and North West Queensland, it noted.
Sale activity continues in the downs country to the south of Richmond/Julia Creek to Kynuna and Corfield. 
Current sale contracts are reflecting similar value rates as the peak period just after the monsoonal event in February. 
These are ranging from $321 per hectare ($130 per acre) to $395 per hectare ($160 per acre) in general with a peak to $432 per hectare ($175 per acre). 
The demand for property with any grass at all is still high, according to the report. Current sales have varying amounts of available grass and varying quality of grass. 
Sales contracts in February/March were at similar levels to the last property market peak in 2008/9, HTW noted. 
"There was a short period after March (when the grass did not grow after the flood) where a few softer priced contracts were struck. 
"These were at prices that were closer to 2018 values. 
"There are very few local buyers in the mix in this area," the October report noted.
Some stakeholders told the valuation firm that they believe that these value levels are ‘where they should be, previous years pricing was when the country was in drought and had no grass’, and ‘there is more in the market yet for value increases’.
Others are sceptical saying that this market is ‘over priced’ and ‘when it rains in other areas of Australia, this market will take a dive’. 
It is a good sign that there are competing thoughts and theories – vendors will sell, buyers will buy, HTW suggested. 
"This keeps the market active."
Around Charters Towers, demand for country is strong with very little country on the market for sale. 
Recent acquisitions have been by local buyers.
The lack of property being offered to the market is forcing the buyers to pay higher prices.
Variation in the respective markets means the locals are active in one market area, while out of district buyers are active in the other. 
The rest of North and North West Queensland is not as busy, there are a few deals on the go and demand is there from a mix of locals and out of district buyers. 
There are a couple of higher priced deals on the go that are reflective of a change in use, or an expectation of a higher and better use (farming). 
"This is a positive dynamic for those market areas. 
"Not all potential property vendors will benefit. 
"This means that they will have to remain realistic as to what their property is worth when offering their property for sale," the report concluded.
 
 
In regards to suger cane however, the firm found that values for suitable farm land have been under pressure due to lower returns.
There has been some degree of value weakening.
As a result of the margin pressure that these farmers are in, they have been forced to either diversify or sharpen their operating costs again. 
Those that are diversifying into break crops of Mung Beans, Beans, Chick Pea and in some cases, Sorghum are reaping the returns on the back of strong pricing. 
The drought in the southern growing areas is benefiting these farmers. 
A winner here is the soil, which is benefiting from a change in crop. 
As a result of the southern growing areas drought, the Burdekin is the winner.
Given the pricing of cane land and the water, the Burdekin is looking affordable at present.
Recent contract prices are from $15,000 to $18,000 per hectare for marginal cane land. 
Of this some of the buyers have intentions of targeting the shorter growing cycles and present high pricing of grain returns. 
The report concludes that "This is an exiting era of rural property market dynamics in North and North West Queensland."
Despite  continuing concerns around drought, there are positive signs in the region. 
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Queensland's North and North Western rural property markets showing mixed signs

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A new architecturally designed home in Aireys Inlet, Victoria has recently been sold for $1.86 million. 
The contemporary home at<a href="https://www.realestate.com.au/sold/property-house-vic-aireys+inlet-130143750" target="_blank"> Lot 1/23-79 Bambra Road </a>sits on 11-acre of lush pastural land that was formerly a daily farm. 
It features open plan living zone which boasts floor to ceiling glazing and takes advantage of the northerly aspect and rural views.
<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/2019/10/9/aireys%20inlet%202.jpg" alt="">
The home comprises three bedrooms including a master with ensuite, fourth bedroom or study, outdoor entertaining area and four car parking spaces.
Other highlights include locally sourced store fireplace and contemporary landscaping.
<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/2019/10/9/albert%20park%203.jpg" alt="">
It is close to Fairhaven surf beach, Distillery Creek, cafes, shops and restaurants. 
Ian Lawless and Mim Atkinson of Great Ocean Properties Airley Inlet sold the property. 
Last traded in 2018, it was sold at $1.5 million. 
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