Sydney developer&nbsp;<a href="https://www.apartments.com.au/developers/central-element">Central Element</a>&nbsp;is doubling down in Drummoyne, lodging plans for a boutique apartment development on St Georges Crescent, only one-kilometre down the road from its first Drummoyne development, Bianca.

The new project at 15A-21 St Georges Crescent,&nbsp;a&nbsp;1,701sqm north-facing site overlooking Iron Cove, will have 45 apartmnts across 10 levels. Eight of the units will be dedicated to affordable housing.

The site sits within walking distance of Drummoyne Village, Birkenhead Point, ferry services and the Bay Run, and offers harbour views towards the Sydney Harbour Bridge and CBD skyline.

Designed by MHN Design Union, the development will deliver a mix of one, two and three-bedroom apartments, alongside resident amenity including a gym, landscaped communal open space and three levels of basement parking.

The project has been lodged under the NSW Government's Low and Mid-Rise Housing reforms, with Drummoyne Village identified as a town centre capable of accommodating additional housing supply.

Central Element acquired the site earlier this year as part of its continued expansion across Sydney's eastern suburbs, lower north shore and inner west.

The developer's current pipeline includes luxury apartment projects Pearl Bondi and a separate development on Lamrock Avenue in Bondi, a residential project in Barry Street, Neutral Bay, and a mixed-use seniors living community in Greenwich.

Central Element Managing Director Nathan Chivas said the project would address a shortage of new owner-occupier housing opportunities in Drummoyne.

"While we're seeing a significant shift across Canada Bay as major infrastructure investment, population growth and planning reform drive a new chapter for the region, in suburbs like Drummoyne there remains a genuine shortage of new boutique luxury housing opportunities for owner occupiers," Chivas said.

"Sites of this nature are increasingly difficult to secure, particularly those that combine a north-facing aspect with direct water outlook. Our St Georges Crescent project responds directly to the market demand, offering a level of exclusivity, outlook and lifestyle in the highly sought after suburb."

The development application has been lodged with the City of Canada Bay Council, with the project expected to launch to market in early 2027.

&nbsp;

Joel Robinson

Central Element seeks second Drummoyne apartment development

The NSW Government has unveiled plans that could deliver around 1,300 new homes across Nowra and Kiama, continuing its push to unlock housing in well-located regional centres along the South Coast.

The proposals, now on public exhibition, would pave the way for around 830 homes in Nowra and a further 450 homes in Kiama, while also introducing affordable housing requirements and increased building heights in key locations.

The larger of the two proposals is centred on Nowra, where the NSW Government is seeking to rezone land within the Mandalay and Riverfront precincts.

The Mandalay sub-precinct, located close to Shoalhaven Memorial Hospital, Nowra Library and the city's aquatic centre, could accommodate around 530 new homes. Around 30 per cent of housing delivered on Homes NSW-owned land would be dedicated to social and affordable housing, equating to roughly 100 homes. Building heights would increase from the current two-storey limit to between three and six storeys.

A separate rezoning proposal for the Nowra Riverfront Precinct would unlock a further 377 homes while creating stronger connections between the Shoalhaven River and the CBD. The plans include building heights ranging from five to 12 storeys, floor space ratios of up to 2:1 and a requirement for two per cent affordable housing.

Together, the two proposals would deliver more than 900 homes across the broader Nowra area, reinforcing the city's role as one of regional NSW's key growth centres.

The housing push builds on previous infrastructure commitments in the Shoalhaven, including government funding aimed at supporting thousands of future homes in West Nowra through upgrades to water and wastewater infrastructure.

Further north, the NSW Government is also progressing plans for the former Kiama Depot site, a two-hectare parcel near Kiama's town centre.

The rezoning proposal would transform the former industrial site into a residential community capable of delivering up to 450 homes. Buildings would range between six and eight storeys, with at least 10 per cent of homes allocated as affordable housing. The proposal also includes approximately 600 parking spaces and improved walking and cycling connections.

Planning Minister Paul Scully said the proposals are designed to increase housing supply in locations close to jobs, transport and services.

"For too long, families have struggled to find somewhere to live, and activating underutilised sites allows us to deliver the new homes these families need," Scully said.

"The Minns Labor Government is getting on with the job of unlocking well-located sites close to transport, jobs, and town centres and building the homes our communities need.

"These rezonings are about removing barriers to housing delivery and making sure land is put to better use so more people can find a place to call home within the communities they choose."

The latest rezonings form part of the Minns Government's broader strategy to accelerate housing delivery across NSW, particularly in established centres where existing infrastructure can support additional population growth.

Community consultation on the proposals is now underway, with feedback set to inform the final planning controls before the rezonings are determined.

Around 1,300 new homes earmarked for Nowra and Kiama as NSW Government pushes housing supply

<a href="https://www.apartments.com.au/developers/mrcb">MRCB International</a> has commenced construction on its latest Gold Coast apartment development, Maris, on the site of the former Sundale Motel in Southport.

The start of construction by <a href="https://www.apartments.com.au/builders/binah-constructions">Binah</a> follows an exceptionally strong sales campaign, with more than 90 per cent of apartments sold since launch. Every purchaser has been local, an&nbsp;indicator of confidence in both the development and Southport's evolution into a thriving CBD.

<a href="https://www.apartments.com.au/new-apartments/maris-southport-20-queen-street-southport-qld-4215">Maris</a> will deliver 192 residences across 20 levels. The project forms part of MRCB's Australian and New Zealand development pipeline now exceeding $1.6 billion in gross development value, alongside a growing portfolio of projects globally.

[smartcode_project:default project_id=134403 project_image_fid=350663]

The company also commenced construction on its $600 million 26 Vista residences in Surfers Paradise last year, following strong sales momentum, with over 70 per cent of residences sold.

Maris has been designed to meet evolving buyer demand, offering architecturally designed layouts suited to long-term liveability. The approach reflects a growing preference for quality and adaptability among Gold Coast buyers.

Positioned next to the Broadwater in the <a href="https://www.apartments.com.au/developments/southport-qld-4215">Southport</a> CBD, Maris sits directly opposite the Broadwater Parklands light rail station and within easy reach of retail, dining and lifestyle precincts, placing residents at the centre of one of the Gold Coast's most connected and rapidly maturing urban centres.

[smartcode_project:default project_id=134403 project_image_fid=372756]

Maris will offer a full suite of resort-style residential amenities, including a pool, gym and sauna, along with a rooftop level featuring decks, lounges and dining and yoga areas that command sweeping views across the Broadwater and out to the ocean.

Binah, a New South Wales headquartered company co-founded by Amen Zoabi and Khalil Hafza in 2008, has expressed its excitement at establishing its first partnership with MRCB.

Binah's Managing Director Khalil Hafza said partnering with MRCB on Maris is a significant moment for Binah.

"MRCB's financial strength and a track record that speaks for itself give this project a solid foundation, and this marks the beginning of what will be a long and successful relationship.

"With the right people, systems and partnerships behind it, Maris is set to become a significant addition to the Gold Coast's premium residential market."

[smartcode_project:default project_id=134403 project_image_fid=350664]

MRCB International CEO Ravi Krishnan said the project's progression to construction reflects both sustained demand and tightening conditions across the apartment sector, as well as MRCB's continued confidence in the Gold Coast market.

"Commencing construction at Maris is a significant step and reflects the depth of demand for quality apartments in well-connected urban locations," said Krishnan.

"Across Southeast Queensland, new apartment supply remains constrained, particularly in established precincts with infrastructure and amenity already in place. Projects like Maris are increasingly critical in meeting that demand, especially on the Gold Coast and in the city's CBD precinct."

[smartcode_project:default project_id=134403 project_image_fid=372761]

Krishnan said Southport's ongoing transformation, supported by infrastructure investment and long-term planning, was underpinning renewed buyer confidence.

"We're seeing a clear shift back towards well-located urban centres where infrastructure, connectivity and amenity are already established," said Mr Krishnan. "Southport is evolving into a more mature CBD environment, and that is being reflected in buyer behaviour."

Construction at Maris is anticipated to be completed in 2029.

[smartcode_project_cta:default project_id=134403]

Construction commences on MRCB’s $200m Maris Residences in Southport

Moonee Valley Park’s latest residential release <a href="https://www.apartments.com.au/new-apartments/the-eveline-at-moonee-valley-park-moonee-ponds-100-thomas-street-moonee-ponds-vic-3039">The Eveline</a>, has achieved a new benchmark for off-the-plan apartment sales in the suburb, with the sale of The Alexandra penthouse selling for $5,435,000.

Positioned on the top floor of a 16-level residential building, the three-bedroom, three and-a-half-bathroom penthouse features uninterrupted city skyline views across the future Valley racetrack.&nbsp;

The landmark sale comes as momentum at the precinct continues to build, with the Moonee Valley Racing Club progressing works on its new racetrack ahead of the 2027 Cox Plate. The transformative development will see MVRC reimagine the beloved Valley as a vibrant year-round entertainment and lifestyle destination.

Alongside a world-class racing experience, the historic precinct will be activated with events, hospitality and public green spaces designed to attract broader audiences, while breathing new life into one of Melbourne’s most iconic destinations.&nbsp;

[smartcode_project:default project_id=142519 project_image_fid=372786]

Development partners <a href="https://www.apartments.com.au/developers/hamton">Hamton Property Group</a> and Hostplus have delivered five residential stages over the past four years, the most recent in November 2025 with Trackside House and Stonepine House. The flourishing community is now home to almost 500 families.&nbsp;

The latest residential release, The Eveline, has recorded strong demand since launching publicly last July, securing more than $200 million in sales to date, satisfying its pre sales hurdle for construction to commence.&nbsp;

Hamton Founder and Executive Chairman, Paul Hameister OAM said, the sales&nbsp;team have been overwhelmed by demand for these unique homes in this unique project.

"Buyers continue to be predominantly hyperlocal and attracted by the 40 hectare botanic masterplan in Melbourne’s inner north west," Hameister said.

[smartcode_project:default project_id=142519 project_image_fid=372788]

Hamton’s Sales and Marketing Director Fergus Humphries said the team has achieved more than 70 sales over the past eight weeks, including the penthouse purchase by a local buyer.

"These results reinforce that, even in a challenging market, purchasers continue to be drawn to quality projects that offer more than just a home, they offer a lifestyle.”

Designed by Cera Stribley, the penthouse has been created with entertaining in mind, spanning close to 400 sqm of indoor and outdoor living space, including multiple terraces designed to capture sweeping views across Melbourne’s skyline, the new Valley racecourse and sunset views over Moonee Ponds.

Moonee Valley Park is one of Melbourne’s largest urban renewal projects, transforming the iconic racecourse site into a vibrant mixed-use neighbourhood integrating homes, parklands, retail, racing and community amenities.

[smartcode_project_cta:default project_id=142519]

Moonee Valley Park penthouse sets suburb record as sales surge clears construction benchmark

A company linked to one of Australia's largest privately owned cattle businesses has lodged plans for a new residential tower in <a href="https://www.apartments.com.au/developments/newstead-qld-4006">Newstead</a>, continuing the rapid transformation of one of Brisbane's most sought-after, inner-city precincts.

Bottletree Holdings, an entity associated with Stanbroke Managing Director Brendan Menegazzo, has submitted a development application for a 28-storey mixed-use tower at <a href="https://www.apartments.com.au/new-apartments/9-longland-street-newstead-qld-4006">9 Longland Street</a>, a site that made headlines last year when it changed hands in an off-market transaction that reportedly set a benchmark land rate for the suburb.

The proposal would replace an existing two-storey commercial building on the 1,510 sqm corner site with a Bureau Proberts-designed tower comprising 76 apartments, ground-floor retail, office space and a suite of resident wellness amenities.

<img alt="9 Longland" data-entity-type="file" data-entity-uuid="c710a836-568e-4382-bc91-3c34b8e80a8b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-22%20at%209.41.45%E2%80%AFAM.png?VersionId=Vy.mQWBc7GA_a.vIBdxKqRC9XGjWalo2" />

According to planning documents lodged with Brisbane City Council, the development would comprise a mix of 36 two-bedroom apartments, 24 three-bedroom apartments and 16 four-bedroom residences, positioning the project firmly at the premium end of the market. The apartments would sit above a podium containing retail and commercial space, with three levels of communal recreation facilities spread throughout the tower. The proposal also includes 198 car spaces and 95 bicycle spaces.

Bureau Proberts has drawn heavily on Newstead's industrial heritage in developing the architectural response.

"Occupying a prominent corner in the heart of Newstead, the proposal draws from the area's industrial lineage of robust brick warehouses to deliver a distinctly contemporary response," the architects said in the design statement.

"It is conceived as a subtropical sanctuary and elevated private retreat embedded within one of Brisbane's most vibrant lifestyle precincts."

The design seeks to reinterpret the traditional Queensland vernacular through wraparound verandahs, deep shading elements and permeable facades that respond to Brisbane's subtropical climate.

<img alt="9 Longland" data-entity-type="file" data-entity-uuid="25524f59-395c-4825-8fad-9b639822fa8a" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-22%20at%209.42.09%E2%80%AFAM.png?VersionId=dlWlbpCc_g3Y6yTLGqRVKvGJvO2ubMJ3" />

Planning documents describe the building as embodying the principles of "buildings that breathe", a design approach increasingly favoured in Brisbane's apartment market as developers focus on natural ventilation and outdoor living spaces.

The tower itself would rise above a heavily landscaped podium designed to reference the woolstore architecture that helped define Newstead and neighbouring Teneriffe for generations. At ground level, fine-grain retail tenancies would activate Longland Street, Wyandra Street and the existing Wyatt Street laneway, further extending the pedestrian network that has become a hallmark of the Gasworks precinct.

The application notes that more than 54 per cent of the site would be dedicated to landscaping and deep planting, while approximately 1,750 sqm of communal recreation space would be delivered across multiple levels.

<img alt="Planning" data-entity-type="file" data-entity-uuid="fed3b189-1054-4b68-af5f-b0befc4a66e5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-06-22%20at%209.42.19%E2%80%AFAM.png?VersionId=gqeE3cjsbnLAfeTUKA1HtPZfqDs6S4Xa" />

Bottletree paid $22 million for the 1,510 sqm development site, equating to more than $14,500 per sqm, a reflection of the strong demand for development opportunities in Newstead. The suburb continues to attract both developers and buyers, underpinned by the ongoing evolution of the Gasworks and Teneriffe precincts into some of Brisbane's most sought-after lifestyle destinations.

Brisbane City Council's Sustainable Growth Strategy and Inner City Strategy both identify Newstead as a priority growth precinct capable of accommodating additional housing density due to its proximity to employment hubs, public transport and lifestyle infrastructure.

The proposed tower joins a growing pipeline of high-end apartment developments in the suburb. Fortis recently launched <a href="https://www.apartments.com.au/new-apartments/crest-walker-newstead-12-kyabra-street-newstead-qld-4006">Crest &amp; Walker</a>, a 65-apartment owner-occupier-focused development on Kyabra Street, while Consolidated Properties Group is preparing to launch <a href="https://www.apartments.com.au/new-apartments/castile-47-skyring-terrace-newstead-qld-4006">Castile</a>, a 227-apartment waterfront project on Skyring Terrace.

Meanwhile, builder-developer BPG is planning its own Newstead project on Maud Street, comprising just over 100 apartments and more than 1,380 sqm of dedicated wellness and resident amenity spaces, further highlighting the shift towards lifestyle-driven apartment developments in Brisbane's inner-city market.

Newstead apartment boom continues with Longland Street tower 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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Koonda, the Toorak home on Heyington Place has been listed for sale with a price guide of $11.5 million to $12.5 million.
It's been listed by the retired media executive David Evans, who has previously sat on the boards of Village Roadshow, BSkyB and Fairfax media, and wife Jean.
Koonda, set in 1,865 square metres of gardens including a pool and tennis court, has four bedrooms.
<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/2019/3/12/toorak%202.jpg" alt="">
Kay &amp; Burton Gerald Delany has the listing.
They bought the home when living in the US, paying $4.37 million in 2003.
<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/2019/3/12/toorak%203.jpg" alt="">
The couple returned to Australia in 2007, having lived in the US for 21 years and a two year stint in the UK.
This article was first published in the Weekend Australian. 
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firstname1-iYD4UYzvBa

Retired media executive David Evans lists Toorak home Koonda

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The downsizing former Jacob's Creek winemaker Philip Laffer and wife Beverley are selling Daybreak, their historic Hunters Hill home.
The <a href="https://www.realestate.com.au/property-house-nsw-hunters+hill-130658154" target="_blank">Victorian Gothic-style sandstone home</a> was built in the early 1880s for the pioneering Lenehan family.
<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/2019/3/12/hunters%20hill%203.jpg" alt="">
It has been modernised since the Laffers paid $3.2 million in 2007 and has five bedrooms and three bathrooms on 1,550 square metre, park-like grounds, with a solar-heated pool, spa and studio.
The auction is on April 4 with McGrath agent Tracey Dixon offering a $4.35 million price guidance.
This article was first published in the Saturday Daily Telegraph.
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jchancellor-FAypfDUnLy

Hunters Hill trophy Daybreak listed by former Jacob's Creek winemaker

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The former Kensingston home of the popular chef and owner of Melbourne’s iconic Vue De Monde restaurant Shannon Bennett and his wife, Madeleine West, has been re-sold.
It's a chef’s dream within the Nicholas Murray-designed residence.
The 5 Bruce Street, Kensington property was for private sale with an asking price of $2,325,000.
A young professional couple from Port Melbourne snapped up the five-bedroom Victorian for $2,265,000 earlier this month, the Herald Sun reported.
Decked out in the best appliances on offer, the home also includes is a barbecue kitchen with a pizza oven.
The property boasts Jack Merlo-designed gardens, a Japanese pond and a self-cleaning lap pool.
The Kensington<a href="/news"> </a>property last listed with price hopes of $1.5 million to $1.65 million fetched $1.65 million in early 2013.
Located on Bruce Street, Kensington, the four-bedroom home has a Joost Bakker herb wall plus a vegetable garden on the roof of the double garage.
It had been sold to Bennett for $820,000 in 2004.
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po-LsXgBTHBmX

Former Kensington home of chef Shannon Bennett resold

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Boutique developer Milieu Property is getting behind Oxfam's Trailwalker with four members of the Milieu crew committing to walk 100km in under 48hrs through steep and rough bush terrain from Lysterfield to Farifield commencing on Friday 29th March.

According to Milieu, despite recognising that the 100km walk represents a "huge undertaking," the team says it's thrilled to be part of an event which "has raised over $74 million dollars in Australia since its antipodean inception."

The four man team comprising Michael McCormack, Daniel Condon, Shannon Peach  and Tomothy Biggs aim to complete the walk in 30hrs.

<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/walkers_of_influence.png" rel="gallery-all"><img alt="" class="image-article-full-width-580px" height="390" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/walkers_of_influence.png?itok=CzaFDUbJ" width="580"></a></figure><blockquote>
"At Milieu, adding back to our global community is an important goal for us, so this year we have decided to tackle the Oxfam Trailwalker 100km challenge. Four of us will be trekking 100km through rough terrain, up to 600 metres in altitude, to raise money for Oxfam to fight poverty and injustice throughout the world, through education, ensuring access to clean water and food and advocacy work."
</blockquote>

Oxfam Australia works with local communities to help them create their own sustainable solutions to poverty by promoting education, ensuring access to clean water, teaching skills to grow food and advocating for their basic rights.

Oxfam says the money raised as part of Oxfam Trailwalker will go towards making a significant difference to people living in poverty around the world.

To support the Milieu boys and help them reach their target of $5,000 visit the <a href="https://www.propertyobserver.com.au/https://trailwalker.oxfam.org.au/my/team/34491">Milieu Team Page</a> or for more information about the event visit <a href="https://trailwalker.oxfam.org.au/">Oxfam Trailwalker</a>.
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Laurence Dragomir

Milieu crew to walk 100km for Oxfam

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Sales activity appears to have slowed considerably over the past few months, according to the latest Herron Todd White (HTW) rural report. 
The report suggests this is not surprising in the dryland cropping and grazing sectors given the impact of the drought in western New South Wales and poor crop yields throughout north-western Victoria.
"As expected, few properties are being put to the market, with prospective vendors biding their time until better seasonal conditions arrive before presenting their properties to the market for sale," said the HTW valuer. 
In the horticultural space, there has also been little recent sales activity, stated the HTW report. 
Late summer is typically a slow period, as many of the local producers are preoccupied with their harvests. Early reports suggest average to slightly above average yields for almond crops as well as table and wine grapes.
Good news for wine grape growers are prices of around $600 per tonne for most red varieties this season, which is 50% higher than what was being offered two years ago and should ensure continued investment by growers. The improved prices are less pronounced for white varieties such as Chardonnay.
"Irrigation water availability remains a key concern. The cost of leasing water is currently just under $500 per megalitre, which is a significant cost for those irrigators reliant on leased water," said HTW. 
The risk of ongoing dry conditions in the catchment is affecting confidence and is considered to be contributing to a reduced number of horticultural property sales. Local agents also confirm reduced demand for greenfield sites, due mainly to the spike in water prices. 
"A large-scale almond orchard in the Renmark region, which has further development potential, is currently being advertised for sale.
"The outcome will be keenly watched as it will be a good litmus test for corporate investment in the local horticultural space." 
A 50 acres of freehold land in multiple tiles has been listed for $500,000 (pictured above).
The property at<a href="https://www.realestate.com.au/property-farmlet-vic-mildura-700015554" target="_blank"> 104 &amp;95-115 Etiwanda &amp; Benetook Avenue</a> comes with two bedroom home plus studio, car and workshop shedding, well established river red gums, cotton wood trees and garden.
It has been fenced into numerous paddocks with established improved pastures water by flood irrigation/drainage supply or low levels direct from the Murray River.
<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/2019/3/5/mildura%202.jpg" alt="">
Another $720,000 - $770,000 listing in Mildura is a 11.6 hectare vineyard (pictured above).
Located at <a href="https://www.realestate.com.au/property-viticulture-vic-mildura-7966530" target="_blank">3494 San Mateo Avenue</a>, it comes with low level irrigation, electric pump, shed with workshop and cool room.
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j.ballantyne1990-6AQqhLzZaK

Sale activity slows in Mildura rural market: HTW

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As part of Melbourne Design Week 2019, Communications Collective is hosting <a href="https://www.ngv.vic.gov.au/program/collectivity-talks-human-centred-design/">'Collectivity Talks: Human-Centred Design'</a>, a panel discussion bringing together designers, data analysts and architects to debate what it means to place the user at the centre of every step of the problem-solving and design process. The event is currently sold out, pending the release of further tickets.

The panel includes a diverse group of industry leaders from Cantilever Interiors, NH Architecture, Schiavello and HIP V. HYPE as they explain how they execute and experiment with human-centred design. The panel will delve into the creation of value through design, the importance of design outcomes for users and the processes used to enhance products and the places we inhabit with a human-centred approach.

Communications Collective director Genevieve Brannigan says the panel will provide a fascinating insight into one of the key trends shaping design across digital, the built environment and product design.

<blockquote>
“Human-centred design is about empathy with the user’s needs, and it’s a critical strategy that informs good design today. For example, a workplace that is designed through user consultation will provide ongoing efficiency and, not least, create value and enjoyment.” 
</blockquote>

The event is being hosted at the NH Architecture office on Wednesday 20 March.

<h2>Details:</h2>

<ul>
<li>6:15-7:45pm Wednesday, 20 March 2019</li>
	<li>
	NH Architecture, Level 7 Cannons House, 12-20 Flinders Lane Melbourne
	</li>
</ul>
<h2>
Panellists:</h2>

<ul>
<li>
Martin Heide - Design lead at NH Architecture and studio leader at RMIT University. Heide has been working with his students on urban design projects looking at how people interact with our cities. 
	Heide says digital technologies and data have become a key tool for understanding how people use their built environment. </li>
	<li>
Samantha Simpson - Data Analyst from People &amp; Culture Consulting at Schiavello, applies human-centred design to workplace design, one of the other important areas for its use. Working with clients on workplace strategy and change management, Schiavello collects data that informs the “why” behind new ways of working.</li>
	<li>
Travis Dean - Director at Cantilever Interiors. The interaction between a tried-and-tested system and the individual needs of the user is paramount for Cantilever Interiors - a design-focused kitchen manufacturing company that applies a systematic approach to its products.</li>
	<li>
Liam Wallis - Founder at HIP V. HYPE.  Wallis describes human-centred design as a “first principles-based approach. HIP V. HYPE is a multi-disciplinary design led practice with expertise spread across four pillars: development, design, sustainability and research.</li>
</ul>
<h2>What they say... </h2>

<blockquote>
“We’ve got quite a bit of data now coming through, with beacons that allow us to track people by their mobile phones. You can track pedestrian movement, for example in big train stations, so we’re using that a lot for public projects.

The information we have from those programs and technologies now feeds into the design process but then there’s that point where you need to innovate, and innovation only happens if you challenge the results.”

- Martin Heide
</blockquote>

 

<blockquote>
“We focus on the people who are going to be using the space and think about the experiences they are going to have in the workplace.

We can identify trends in the workspace or perhaps some values might be uncovered. For example, we might reveal that a client’s employees are passionate about well-being and having a workspace that supports their well-being, is important.

In terms of making sure it’s a human-centred design, by taking that three-pronged approach you’re making sure that everyone’s voice is heard to then respond accordingly with a strategy that informs the design.” 

- Samantha Simpson
</blockquote>

 

<blockquote>
"What’s the need, who is the user and ultimately how can we curate a design team to best respond to that person’s requirements? 

In a project such as Nightingale 2, where sustainability will be highly important for residents, that means working out how to provide an apartment that is more comfortable, has cleaner fresher air, costs less to operate and is easy to use. 

We call this approach Low Impact Living. Designing with people in mind at every stage of project procurement is fundamental to our approach.” 

- Liam Wallis
</blockquote>

 

<blockquote>
“Our products are designed from client feedback and the loop that we have with our projects but the system is integral to the product. Through tailored site visits and meetings, we identify what the client’s key requirements are.

Those technological advances tie in with a human-centred design approach. It’s a conversation that puts the user at the centre as opposed to being told how to use something by someone else.”

- Travis Dean
</blockquote>
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urban.com.au

Collectivity Talks: Experts explore the power of human-centred design as part of Melbourne Design Week

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Late last week, the proposed 505 George Street development in Sydney was recognised at at the MIPIM annual global property exhibition in Cannes, France.

A collaboration between Architectus and Ingenhoven, 505 George Street was awarded the respected MIPIM Architectural Review Future Project Award for Tall Buildings.

505 George's Street's commanding position within Sydney’s Central Business District resulted in a facade design which maximises outward views of the Harbour and city skyline. The facade is expressed as an elegant glazed envelope with vertical columns arranged around its perimeter external and projecting solar shades.

The project has been designed with consideration of its energy consumption, as well as its environmental impact, aligning with Architectus and Ingenhoven Architects’ supergreen® sustainability aspirations.

Pending approval, 505 George Street will rise 80-storeys for an overall height of 270m - making it the highest residential building in Sydney. For reference this would be as tall as the recently topped out Aurora Melbourne Central at the northern end of Melbourne's CBD.

<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/mipim-ar-futureprojectaward_01-_edited.jpg" rel="gallery-all" title="The winning team. Image: Supplied"><img alt="" class="image-article-full-width-580px" height="318" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/mipim-ar-futureprojectaward_01-_edited.jpg?itok=CCZXcesP" title="The winning team. Image: Supplied" width="580"></a>

<figcaption>The winning team. Image: Supplied</figcaption></figure><h2>What they say...</h2>

<blockquote>
“We are incredibly proud for this transformative project for Sydney to receive such a prestigious award. Both Architectus and ingehoven share a passion for sustainable design and complex urban projects of which 505 George will be an exemplar.

It will be a low energy high rise building with a combination of different functions, including proposed luxury serviced suites, a roof-top restaurant and bar, residential apartments, potential boutique cinema, retail, conferencing facilities, a childcare centre and a meeting room facility for Council. 

The tower will present as a singular elegant form on the skyline with the vertical structure emphasising height and slenderness while the curving facade addresses views in all directions.”

- Ray Brown, Architectus CEO
</blockquote>

 

<blockquote>
“This award means a lot to me—our two practices share this success. We already successfully cooperated with Architectus on 1 Bligh, Australia’s first really green office tower. 

For our latest team project at 505 George Street we are again aiming for an ambitious benchmark in terms of sustainability. 

We were able to convince the jury of the MIPIM / The Architectural Review Future Project Awards with the design for an extra-slender residential high-rise building that features low energy consumption, provides generous space at the ground levels, and presents itself as a "friendly neighbour" in the neighbourhood.”

- Christoph Ingenhoven, founder and principal of Ingenhoven Architects
</blockquote>

<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/sa-res-505_george_st_02.jpg" rel="gallery-all" title="505 George Street's imposing form on the skyline. Image; Supplied"><img alt="" class="image-article-full-width-580px" height="775" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/sa-res-505_george_st_02.jpg?itok=20ySp0ck" title="505 George Street's imposing form on the skyline. Image; Supplied" width="580"></a>

<figcaption>505 George Street's imposing form on the skyline. Image; Supplied</figcaption></figure>
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Sydney’s 505 George Street scoops up international award in Cannes

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Salta's 695-699 LaTrobe Street development is a step closer to being realised following the City of Melbourne providing conditional support for the project via its Future Committee meeting last night. The 29-storey development would rise to an overall height of 94.5m and provide an entry and gateway statement into the precinct.

Located on the corner of LaTrobe Street and Harbour Esplanade, the Fender Katsalidis-designed tower would add 197 hotel rooms under the Hotel Indigo brand in addition to 26 serviced apartments and 276 apartments on one of the last undeveloped plots of land around Marvel Stadium

When it first unveiled the latest design for the site two years ago, Salta announced that it would develop the tower under the 'build-to-rent' model, which would have been a first in Victoria.

Grocon's <a href="/news/bates-smarts-julian-anderson-discusses-build-to-rent">Home Southbank</a> will instead claim that title with the site already cleared in preparation for construction of a 60-storey tower, designed by Bates Smart.

<blockquote>
“Once developed, instead of selling the residential aspects of the building we will retain the 260 apartments and offer them as long-term multi-family leases – a tried and proven concept in overseas markets that will be new for Victorians. Prices in the Melbourne rental market are also increasing at alarming rates, so we are exploring a concept to respond to this situation and provide Victorians with a different housing option."

- Sam Tarascio, Salta Properties Managing Director (May 2017)
</blockquote>

City of Melbourne's Urban Design team cited the lack of a typical podium articulation and the loss of three expressed volumes along the waterfront elevation as its key concerns, features the earlier endorsed scheme displayed.

In response Fender Katsalidis have introduced vertical 'breaks' between the fluid, wave forms in addition to vertical timber fins to the lower levels to provide some articulation of a 'base' and gradation detail to the public realm. 

<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/699-latrobe_before_after.jpg" rel="gallery-all" title="695 LaTrobe Street Before and After. Images: FKA"><img alt="" class="image-article-full-width-580px" height="195" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/699-latrobe_before_after.jpg?itok=3ElzNV3_" title="695 LaTrobe Street Before and After. Images: FKA" width="580"></a>

<figcaption>695 LaTrobe Street Before and After. Images: FKA</figcaption></figure>City of Melbourne's endorsement of 695 LaTrobe Street represents the next wave of Docklands projects and comes hot off the heels of Council also providing conditional support for the next two stages of Lendlease's Collins Wharf development at Victoria Harbour.

The dual tower development of 27 &amp; 28-storeys respectively, will inject 659 dwellings into the precinct and will extend the Docklands skyline ever closer to the Bolte Bridge. The City of Melbourne planners had asked architects Warren and Mahoney to revisit the facade strategy for CW3 to better distinguish the two towers, reflected in the planning elevation below;

<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/collins_wharf_23_elevation.jpg" rel="gallery-all" title="No.2 &amp; No.3 Collins Wharf elevation. Planning Image: Warren and Mahoney"><img alt="" class="image-article-full-width-580px" height="353" src="/sites/urban.melbourne/files/styles/article_full_width_580px/public/pictures/article-images/collins_wharf_23_elevation.jpg?itok=DnTkpu3S" title="No.2 &amp; No.3 Collins Wharf elevation. Planning Image: Warren and Mahoney" width="580"></a>

<figcaption>No.2 &amp; No.3 Collins Wharf elevation. Planning Image: Warren and Mahoney</figcaption></figure>The final say on both developments rests with Planning Minister Richard Wynne's department.
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City of Melbourne provides conditional support for Salta's Docklands project

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<div class="_2vba1">
The fall in Sydney real house prices is close to hitting its average downturn decline at only halfway through the average downturn cycle, a BIS Oxford Economics study shows. 
The average downturn for Sydney house prices is 14 quarters and the current downturn has progressed through six quarters to December 2018.
But real median prices – after taking out the effects of inflation – are already down 16 per cent, which means Sydney could potentially see the total real price decline exceed the typical downturn of 21 per cent. <cite class="_23SOU"> </cite>
Click here <a href="https://www.propertyobserver.com.au/images/2019/3/19/Sydney-Houses.jpg" target="_blank">to enlarge</a>.
</div>
<div class="ztzrw">
<div class="_3t7hh">
<div class="_1kIOl">
<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/2019/3/19/Sydney-Houses.jpg" alt="">
<div class="_2vba1">
"So far, the period of decline in these two markets has been much shorter than the longest downturn duration and around half of their respective average downturn lengths in both the house and unit markets," said BIS Oxford Economics' Angie Zigomanis who analysed five cycles since 1965.
"It is foreseeable that the current downturn in the Sydney and Melbourne markets may have at least another year to run before reaching the cyclical trough."
</div>
<div class="ztzrw">
<div class="_3t7hh">
<div class="_1kIOl">
However he suggests the likely scenario was a flattening of prices at the end of the year, without an immediate upward recovery.
The 1980s downturn saw 34 per cent price drops over 23 quarters.
Click here <a href="https://www.propertyobserver.com.au/images/2019/3/19/Sydney-units.jpg" target="_blank">to enlarge</a>.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/3/19/Sydney-units.jpg" alt="">
</div>
</div>
</div>
Zigomanis noted that inflation in the 1980s was higher, causing more volatile price swings whereas lower inflation now could curb deep movements.
The Sydney apartment cycle mirrors its house price cycle, with real prices down 13 per cent at the halfway mark. 
Melbourne was experiencing a more moderate price fall than Sydney, the report published by Nine Entertainment said.
Real Melbourne prices have fallen 14 per cent in six quarters compared with the historical average of 15 per cent over 11 quarters.
</div>
</div>
</div>
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Sydney's cyclical property price downturn quicker than normal: BIS Oxford

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A South Korean corporation has secured, Warragundi Aggregation, some 5,800 hectares of rural land on the banks of the Cudgegong River in the Mudgee region of New South Wales. 
The mixed enterprise property, which consists of cattle and sheep, sold between $20 million and $25 million.
It was bought on a walk in walk out basis. The South Korean buyers intend to operate the farm in its current structure and will retain the existing staff.
The Foreign Investment Review Board approved the transaction through CBRE Agribusiness agent Richard Royle, who negotiated the sale with Logical Livestock's Simon McKittrick.
“I believe the buyers are looking forward to getting to know the region further and working with local businesses,: Royle said on the sale.
"They were attracted to the region for its diversity in agriculture, wine and growing tourism.
'Buying a farm, especially in a foreign country, has its complexities but by purchasing the aggregation as a going concern will ensure they can operate commercially while applying their own strategies as they progress.”
The property sits near the township of Gulgong, around 25 minutes to Mudgee. 
The aggregation offers water access and fodder crops that have maintained a core breeding herd during dry periods. The aggregation includes a range of pastures, including chicory, cocksfoot, fescue, phalaris, ryegrass and clover mix.
Royle says the sale price reflects the strong rural market in NSW despite the dry conditions.
"The vendor and purchaser wish for confidentiality, but I can say that the sale price was in-line with agent and vendor price guide during the marketing campaign which was circa $20-$25million. 
The vendors John and Sandra Harding will now concentrate on their horse breeding and Mudgee Machinery business.” 
 
 
 
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