Construction is set to begin at <a href="https://www.apartments.com.au/new-townhouses/orchard-mews-glen-iris-18-scott-grove-glen-iris-vic-3146">Orchard Mews</a> in Glen Iris, with&nbsp;PC Whitehall &amp; Sons&nbsp;now appointed as the townhome development moves into its next phase.

The development by&nbsp;<a href="https://www.apartments.com.au/developers/montcoeur">MontCoeur</a>,&nbsp;located at 18 Scott Grove, is now around 30 per cent sold, with completion targeted for late-2027.

Orchard Mews comprises a curated collection of three- and four-bedroom customisable townhomes, positioned within one of <a href="https://www.apartments.com.au/developments/glen-iris-vic-3146">Glen Iris</a>’ more tightly held residential streets. The low-density project has been designed by <a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a>, with landscape architecture by <a href="https://www.apartments.com.au/landscape-architect/jack-merlo">Jack Merlo</a>, bringing together a team known for high-end residential projects across Melbourne.

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The development is defined by its focus on flexible living and long-term usability. Each residence includes multiple living zones and a customisable multipurpose room, allowing buyers to tailor spaces to suit changing needs, whether as a home office, additional bedroom, wellness area or entertainment space.

Architecturally, the townhomes emphasise natural light and spatial volume, with dual-aspect layouts and double-height living areas incorporated into the design. Interiors feature natural stone benchtops, premium appliances, and a neutral material palette intended to support everyday functionality rather than statement-driven finishes.

All residences are all-electric and include private lifts and secure double garages, reflecting a broader shift toward sustainability and future-focused housing in Melbourne’s established suburbs.

[smartcode_project:default project_id=150128 project_image_fid=366277]

Outdoor connections are also central to the offering, with a mix of private courtyards and terraces extending internal living spaces and integrating with the landscaped surrounds.

The Scott Grove address places Orchard Mews within close proximity to some of Melbourne’s key lifestyle and education amenities, including Scotch College, Sacré Cœur, Cabrini Hospital and the retail hub of Chadstone. Public transport access is also nearby, with trams and Gardiner Station providing connectivity to the CBD and surrounding suburbs.

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Joel Robinson

Construction to commence at luxury Glen Iris townhome project, Orchard Mews

A rare new apartment development has been proposed on the fringe of St Ives Village.

Developer Newquest Property has lodged plans for a low-rise apartment project designed by well-regarded architecture firm Warren &amp; Mahoney, which is best known for its work in the multi-residential sector in Melbourne.

The building, proposed for a 1,916 sqm site on <a href="https://www.apartments.com.au/new-apartments/st-ives-residences-3-5-memorial-avenue-nsw-2075">Memorial Avenue</a> opposite St Ives Village Green, has been designed to blend into the surrounding natural environment.

<img alt="St Ives" data-entity-type="file" data-entity-uuid="5c1c7437-2fba-4345-a6d7-05321714ad3e" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-04%20at%201.28.46%E2%80%AFPM.png?VersionId=KrYyMaJvNqR7vbx0xbB3Ef8sJ6FuHpmn" />

“Drawing inspiration from the pale trunks and flowering canopies of the scribbly gums and blue gums prevalent in the area, a considered material palette was developed,” the architectural design report states.

“This palette references the established materiality of the suburb while elevating it through refined finishes to achieve a more luxurious architectural expression.”

Of the 33 apartments proposed, 21 will be three-bedroom residences. The remaining mix includes nine two-bedroom apartments, one one-bedroom apartment and two four-bedroom residences. The development will be supported by 62 car parking spaces and 33 secure bicycle spaces.

The proposal would replace two single-storey brick buildings currently on the site.

<img alt="St Ives" data-entity-type="file" data-entity-uuid="21422eaf-09a9-4439-9278-b9bd9daf22a1" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-04%20at%201.38.10%E2%80%AFPM.png?VersionId=v.fXSgcUcEscvOZzqcjG5nk3gVqk_Amt" />

St Ives remains a relatively untapped market for new apartment development. North Shore developer WINIM has a number of projects in the area, while INCA is nearing completion of Ellis Residences.

More recently, Traders In Purple has lodged plans for one of the denser projects proposed in the suburb, a 75-apartment development on a 5,900 sqm site on Cowan Road.

NewQuest, a construction, design and development firm, has delivered over 24 projects across commercial, residential, industrial, and lad markets.&nbsp;

&nbsp;

&nbsp;

First look: NewQuest Property proposes new St Ives apartment development

<a href="https://www.apartments.com.au/developers/centa-property-group">Centa Property Group</a> has achieved two major milestones at its <a href="https://www.apartments.com.au/new-apartments/bilinga-house-107-golden-four-drive-bilinga-qld-4225">Bilinga House</a> apartment development in the sought-after southern Gold Coast.

They've almost sold 50 per cent of the Golden Four Drive building, while at the same time announcing the commencement of construction through reputable builder Greyburn Construction.

The boutique 10-storey building, with 47 two- and three-bedroom apartments, now has a mid-to-late 2028 completion date.

[smartcode_project:default project_id=150037 project_image_fid=5333]

The <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>-designed project is positioned just 200 metres from Bilinga Beach and brings a relatively rare apartment offering to a market that has seen limited new supply in recent years.

Residences have been designed to maximise natural light and ventilation, with open-plan interiors, generous glazing, and material palettes that reflect the surrounding coastal landscape.

Interiors incorporate engineered timber flooring, stone benchtops, and custom joinery, with layouts designed to adapt to both permanent living and lock-and-leave use.

[smartcode_project:default project_id=150037 project_image_fid=5336]

Rothelowman Senior Project Leader Matthew Tencate said the design approach centres on liveability and community.

“Providing curated on-site amenities and communal spaces for residents that facilitate a sense of community, liveability, and wellness,” Tencate said.

Residents will have access to a suite of private amenities including a pool, gym, sauna, and communal alfresco areas, alongside practical features such as surfboard storage and bicycle facilities.

[smartcode_project:default project_id=150037 project_image_fid=5336]

Centa Property Group Director Jason Yuen said the project has been designed to appeal to a range of buyers seeking flexibility in how they use their property.

“Bilinga House is designed for those who want the best of both worlds – a modern beachside escape with the flexibility to generate income when you're not there,” Yuen said.

[smartcode_project:default project_id=150037 project_image_fid=5338]

Bilinga remains one of the quieter pockets of the Gold Coast, sitting between the more established hubs of Coolangatta and Palm Beach. Its appeal has strengthened in recent years, supported by proximity to the Gold Coast Airport and the Oceanway coastal path.

[smartcode_project_cta:default project_id=150037]

Bilinga House apartments snapped up as Greyburn commences construction

Breaking into the Sydney property market has long felt out of reach for many first home buyers, particularly as median house prices sit above $1.6 million and unit prices push beyond $900,000.

But entry points still exist in pockets of Greater Western Sydney, where pricing, government incentives, and product mix are aligning to make ownership more attainable.

Understanding where those opportunities sit, and how the numbers actually stack up, is becoming increasingly important for buyers weighing up their next move.

<h2>Work out what you can actually afford</h2>

Sydney is expensive, but it isn’t uniformly expensive. The Greater Parramatta region continues to offer comparatively accessible entry points, particularly for buyers open to alternative configurations like studios.

There's an assumption that a first home needs to be a certain size, that anything smaller than a one-bedder is a concession rather than a choice. That assumption doesn't hold up against what well-designed studios in the right location actually offer: immediate liveability, strong urban amenity, and a price point that makes the deposit target realistic rather than theoretical.

At <a href="https://www.apartments.com.au/buildings/mason-main-merrylands-249-259-merrylands-road-merrylands-nsw-2160">Mason &amp; Main</a>, <a href="https://www.apartments.com.au/developers/coronation-property">Coronation Property</a>'s multi-award winning precinct in Merrylands, studio apartments are unlike the typical studio configuration.

Starting from $498,000, the bedroom is fully enclosed, separated from the living area by a cavity sliding door, creating a genuinely private sleeping space that functions more like a one-bedroom apartment than a traditional open-plan studio.

[smartcode_project:default project_id=31751 project_image_fid=359814]

At 42 sqm internally, with an open-plan kitchen, built-in robes, modern bathroom, and separate laundry, the apartments are designed for everyday liveability rather than short-term use.

With a five per cent deposit under the Federal Government's First Home Guarantee, that equates to a deposit of around $24,200, achievable for many first home buyers without the added cost of Lenders Mortgage Insurance.

<h2>Understand the real cost of renting versus buying</h2>

For buyers weighing up the shift from renting to owning, the numbers are closer than many expect.

Here’s how the numbers stack up for a studio at Mason &amp; Main (based on a $498,000 purchase):

<ul>
	<li>Purchase price: $498,000</li>
	<li>Five per cent deposit (First Home Guarantee): ~$24,900</li>
	<li>Loan amount: ~$473,100</li>
	<li>Estimated mortgage repayment (6.29% variable, 30-year term): ~$675–$695/week*</li>
	<li>Estimated rental return: $590–$620/week*</li>
	<li>Rental yield: 6.16% - 6.47%</li>
</ul>

At this level, the gap between renting and owning is relatively narrow, particularly when factoring in long-term equity, with rental returns also making the apartments a viable option for investors.

The rental range reflects current asking rents for remaining studio stock in the development and, based on prevailing asking prices, equates to an indicative gross rental yield of up to 6.47 per cent.

For buyers seeking more internal space, Mason &amp; Main also offers a range of one-bedroom apartments from $629,000, alongside larger one-bedroom plus multipurpose room configurations priced from $680,000 - all priced under $800,000 and eligible for first home buyer incentives.

<ul>
	<li>Purchase price: $629,000</li>
	<li>20 per cent deposit: ~$125,800 (5% deposit on exchange: $31,450)</li>
	<li>Loan amount 80%: ~$503,200</li>
	<li>Estimated mortgage repayment: ~$720–$740/week*</li>
	<li>Estimated rental return: $650–$680/week*</li>
	<li>Rental yield:&nbsp;5.37% - 5.62%</li>
</ul>

One-bedroom apartments continue to present a balanced option for both owner-occupiers and investors, supported by steady rental demand across Western Sydney.&nbsp;

[smartcode_project:default project_id=31751 project_image_fid=359812]

<h2>Make sure you're across the government incentives</h2>

Government incentives continue to play a key role in reducing the upfront cost barrier.

At Mason &amp; Main, studio, one, and two-bedroom apartments are priced under $800,000, allowing eligible buyers to access a full stamp duty exemption under the NSW First Home Buyers Assistance Scheme.

On a $498,000 purchase, that represents a saving of roughly $17,900 that would otherwise need to be paid at settlement.

Combined with the First Home Guarantee, which enables purchases with as little as a five per cent deposit, the total capital required to secure a home is significantly reduced compared to traditional lending pathways.

<h2>No waiting, no uncertainty</h2>

For first home buyers who want to move sooner rather than later, Mason &amp; Main removes one of the more common pain points from the purchase process entirely. The development is already complete and move-in ready, meaning buyers can walk through the apartments, inspect the finishes, and have full certainty about what they're purchasing before signing anything.

Coronation brought in renowned architecture firm <a href="https://www.apartments.com.au/architects/woods-bagot">Woods Bagot</a> to design the development.&nbsp;

"The project's design drew inspiration from the area's rich heritage, in particular the nearby brickworks and aqueduct, infusing a contemporary perspective to seamlessly integrate historical influences into the design," Woods Bagot Principal Dom Alvaro says.

[smartcode_project:default project_id=31751 project_image_fid=736]

<h2>Factor in location and lifestyle</h2>

Beyond the apartment itself, the surrounding infrastructure matters, particularly for a first purchase. Merrylands Station sits 350 metres from the development, putting the Parramatta CBD a five-minute drive away and the Sydney CBD roughly 25 minutes via the Western Line. Directly across the road is Stockland <a href="https://www.apartments.com.au/developments/merrylands-nsw-2160">Merrylands</a>, one of Greater Western Sydney's major retail centres.

At street level, Mason &amp; Main's own retail and dining precinct has more than 30 tenants trading, including Iftar, Macelleria, Hayat, San Churro, Yuzu, and Fat Jaks. Residents also have access to a resort-style pool, a Technogym-equipped gym, private dining rooms, and a rooftop terrace with panoramic views across Parramatta, the Sydney CBD, and the Blue Mountains, all exclusive to the building.

Due to the mix of configurations, including studios which are rarely offered in today's new apartment market, first home buyers and investors have driven Mason &amp; Main to over 90 per cent sold.

Coronation Property Managing Director Joe Nahas says the development is driving a revitalisation of Merrylands, setting a high standard for future developments in the area.

Mason &amp; Main is move-in ready and is the latest in a series of award-winning mixed-use developments by Coronation Property.

Disclaimer: Mortgage repayment figures are estimates only, based on a 6.29 per cent variable rate over a 30-year term (Canstar, April 2026). Pricing and rental estimates are indicative and based on current listings and project information. Gross yield figures are indicative and derived from asking prices and estimated rental ranges. Stamp duty savings are indicative only. Buyers should seek independent financial and legal advice before proceeding.

[smartcode_project_cta:default project_id=31751]

How first home buyers can enter the Sydney property market for under $500k

Australia’s housing debate has rarely been more urgent. The National Housing Supply and Affordability Council forecasts the country could fall around 262,000 homes short of housing needs by 2029, underscoring the scale of the challenge facing planners, governments and developers.

In response, much of the conversation has centred on high-density towers around transport corridors and strategic centres.

Diversified developer Coronation Property, while also focused on well-located, strategic sites, is incorporating an arguably underutilised typology, the terrace.

Difficult to integrate into true high-rise developments, terraces have become a defining feature of Coronation’s lower-rise portfolio, including projects in Ashbury and Erskineville. <a href="https://www.apartments.com.au/buildings/ashbury-terraces-165-171-milton-street-ashbury-nsw-2193">Ashbury Terraces</a> places a stronger emphasis on this housing type, forming part of a broader community mix.

At its Erskineville development, <a href="https://www.apartments.com.au/new-apartments/lillian-erskineville-9-metters-street-erskineville-nsw-2043">Lillian</a>, terraces are more limited, with just a handful&nbsp;included within the wider, predominantly apartment-led precinct, one of the first developments to launch in Erskineville in several years.

[smartcode_project:default project_id=135149 project_image_fid=368392]

Terrace residents at Lillian benefit from many of the same advantages as apartment owners, the lock-up-and-leave lifestyle and access to shared amenities like the rooftop wellness space, but with significantly more space.

Spanning multiple levels, the terraces also feature front and rear courtyards, providing direct access to the central landscaped gardens within the precinct.

<h3 data-end="212" data-section-id="1n97jye" data-start="191">The terrace model</h3>

Terrace housing has long been part of Australia’s urban fabric. From Paddington and Surry Hills to Glebe and Annandale, rows of terrace homes have shaped neighbourhood streets, offering a housing form that sits between detached houses and apartments.

The contemporary terrace, however, addresses many of the limitations of older designs, where narrow staircases and constrained layouts often compromised liveability.

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“Terraces represent one of the city’s most intelligent housing models,” says Joe Nahas, Managing Director of Coronation Property.

“They deliver density without losing the human scale that makes neighbourhoods liveable. In many ways, they provide a bridge between the Sydney we know and the Sydney we need to build. If Sydney is going to grow well, it can’t rely on towers alone.”

<hr data-end="1090" data-start="1087" />
<h3 data-end="1124" data-section-id="1a7l0gw" data-start="1092">The evolution of the terrace</h3>

That thinking has shaped Coronation’s approach at Ashbury Terraces, where the terrace typology has been reinterpreted for modern living.

Designed by SJB, the project recently received recognition at the 2026 Better Future World Design Awards, acknowledging its architectural clarity and response to the surrounding suburban context.

SJB Director Adam Haddow says the intent was to evolve a familiar housing form rather than reinvent it.

“The terrace is one of Sydney’s most familiar housing forms, so our approach at Ashbury was to reinterpret that typology in a contemporary way,” Haddow says.

“The homes are designed to sit comfortably within the existing neighbourhood while introducing more light, landscape and shared spaces that support modern living.”

Ashbury Terraces combines terraces, apartments and penthouses across a series of low-rise buildings, integrating contemporary architecture with landscaped communal spaces and resident amenity.

That same typology is now being carried into Coronation’s Lillian development in Erskineville, where a smaller number of terraces sit within a predominantly apartment-led precinct.

<hr data-end="2269" data-start="2266" />
<h3 data-end="2289" data-section-id="cazuws" data-start="2271">Buyer response</h3>

Coronation’s decision to include terraces at Lillian was informed by strong buyer feedback from Ashbury Terraces, where purchasers were drawn to the flexibility and scale the housing type offers.

One resident, Sweta Pursem, purchased a terrace as a single buyer, citing its long-term versatility.

“As a single buyer, it might seem surprising that I chose a terrace over an apartment, but I was thinking long term,” Pursem says.

“The terraces are incredibly versatile, catering to a range of lifestyles while still offering the space and privacy of a house.”

For Pursem, the multi-level layout provides a level of functionality not typically found in apartment living.

“Having a separate living area from the bedroom and home office makes everyday living feel both functional and comfortable. When friends and family come to visit, the layout gives a sense of privacy while still feeling open and spacious.”

Her terrace also supports a more connected, lifestyle-driven way of living.

“I love entertaining, and the courtyard is ideal for relaxed weekend drinks with friends. I tend to use each level differently throughout the day, it creates a natural rhythm between work, downtime and entertaining, which I didn’t have in apartment living.”

Ashbury Terraces is now complete and ready to move in, while Lillian in Erskineville is under construction and expected to welcome residents in mid-2027.

Coronation champions terraces as a key piece of Sydney’s housing mix

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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Melbourne house values recorded a very minor reduction in April with the <a href="https://image.e.rpdata.com/lib/fe591570776d03757d17/m/6/2014-05-01--rpdata-rismark-home-value-index.pdf" target="_blank">latest RP Data Rismark Index results</a> showing a change of -0.4%.
Over the last three months they have recorded a 1.7% rise and in the last 12 months there has been a 12.2% rise. The median house price based on settled sales over the last three months is was $615,000.
The underlying health of the market is shown by the fact that over the last year only one capital city, Sydney, has recorded a greater rise in house values. At the same time the result should allay concerns that Melbourne was moving into a period of rapid and unsustainable property price growth.
There is now a significant gap between units and houses.  Unit values recorded a change of -1.6% in April, over the last three months they have risen 0.7% and in the past 12 months the rise is just over half that of houses at 6.8%.
Demand in the auction market also fell with a clearance rate in April of 63.8% from 3,176 auctions in Melbourne. In March, which was a record month in terms of volumes, the clearance rate was 69.9% from 5,322 auctions.
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rlarocca-zWhvjay44N

Melbourne home values record small drop in April

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The recently launched Loddon Mallee South Regional Growth Plan, from Victorian Planning Minister Matthew Guy, has signalled that Bendigo’s previous envisaged density plans need revision as growth in the region becomes a state focus.
With plans for significant growth in <a href="/news">Bendigo</a>, <a href="/news">Maryborough</a>, <a href="/news">Castlemaine</a>, <a href="/news">Gisborne</a> and <a href="/news">Kyneton</a>, the plan found that in most of the areas enough land is vacant and ready for residential supply to support the population growth.
However, within Bendigo itself, and with a push towards growing the strength of the area as a regional city, it signalled that different forms of development must be considered.
“Alternative forms of housing (beyond greenfield development) need to be explored, such as shop-top housing and multi-unit developments,” the plan discussed, pointing to an expected continuation of the number of single-person households.
Similarly, housing for the elderly is also a point of consideration.
The report further mentioned that infill development opportunities would need to be identified, and that higher density requirements than previously envisaged would require a “review of land use control”. This may prompt some rezoning in the area. Jobs and business growth were also key features of the report.
Guy noted that the long-term vision to manage growth and change looks to protect the valued assets and character of the region, as well as focus on the strong population and economic growth currently.
“For the first time we have concurrent plans for the metropolitan area and all regions of Victoria. No other state in Australia has approached its long-term planning in this comprehensive way,” said Guy.
Photo courtesy of <a class="owner-name truncate" href="https://www.flickr.com/photos/wafonso/" target="_blank" title="Go to Wilson Afonso's photostream" data-track="attributionNameClick" data-rapid_p="23">Wilson Afonso</a>/Flickr.
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jduke-EHk3XBmHkn

Higher density housing needed in Bendigo as growth becomes a state focus

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In March 2009, the median advertised rent for a house in Melbourne was $379 per week compared to $442 this year.
This has equated to a rise of 16.6% over five years. Surprisingly there are a number of suburbs where renters have not faced comparable rises and there are even some suburbs where rents have actually dropped.
Three of the four suburbs where rents have fallen are growth suburbs; Doreen, Mernda and Sandhurst. These suburbs are unique cases as the supply of homes is very strong resulting in distortion in the data compared to more established areas.  In this case it has resulted in reductions in the advertised rent.
Advertised rents in Doreen have dropped by 6.4% over five years, similar to nearby Mernda which recorded a fall of 5.9%. Sandhurst rents dropped by 2.6%.
Rents have also fallen in Ormond and barely changed in Toorak; both suburbs have comparatively expensive houses and this highlights a trend of poor growth in rents in expensive suburbs.
With very low yields in the more expensive suburbs investors are more motivated by the strong capital growth that can be found and renters in this price bracket are clearly in a very different market to the majority of renters in Melbourne.
Other similar suburbs in the top 20 for low rental growth are Canterbury, Wonga Park, Caulfield, Ashburton and Hawthorn East.
This highlights that by targeting certain areas renters can find homes where rents do not continually rise.
<table style="width: 460px;" border="0" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="bottom" width="139">
Suburb
</td>
<td valign="bottom" width="129">
Change in advertised rents in five years - Houses
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="139">
<a href="/news">DOREEN</a>
</td>
<td valign="bottom" nowrap width="129">
-6.4%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="139">
<a href="/news">MERNDA</a>
</td>
<td valign="bottom" nowrap width="129">
-5.9%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="139">
<a href="/news">SANDHURST</a>
</td>
<td valign="bottom" nowrap width="129">
-2.6%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="139">
<a href="/news">ORMOND</a>
</td>
<td valign="bottom" nowrap width="129">
-2.0%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="139">
<a href="/news">TOORAK</a>
</td>
<td valign="bottom" nowrap width="129">
0.3%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="139">
<a href="/news">ELTHAM NORTH</a>
</td>
<td valign="bottom" nowrap width="129">
0.5%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="139">
<a href="/news">CANTERBURY</a>
</td>
<td valign="bottom" nowrap width="129">
0.9%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="139">
<a href="/news">DANDENONG SOUTH</a>
</td>
<td valign="bottom" nowrap width="129">
1.7%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="139">
<a href="/news">WONGA PARK</a>
</td>
<td valign="bottom" nowrap width="129">
1.8%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="139">
<a href="/news">BLACKBURN</a>
</td>
<td valign="bottom" nowrap width="129">
2.6%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="139">
<a href="/news">CAULFIELD</a>
</td>
<td valign="bottom" nowrap width="129">
2.7%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="139">
<a href="/news">BROOKFIELD</a>
</td>
<td valign="bottom" nowrap width="129">
3.4%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="139">
<a href="/news">ASHBURTON</a>
</td>
<td valign="bottom" nowrap width="129">
3.6%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="139">
<a href="/news">HAWTHORN EAST</a>
</td>
<td valign="bottom" nowrap width="129">
4.2%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="139">
<a href="/news">LYNDHURST</a>
</td>
<td valign="bottom" nowrap width="129">
4.2%
</td>
</tr>
<tr>
<td valign="bottom" nowrap width="139">
<a href="/news">OAK PARK</a>
</td>
<td valign="bottom" nowrap width="129">
4.5%
</td>
</tr>
</tbody></table>
Photo courtesy of <a href="https://www.flickr.com/photos/linh_rom/" target="_blank" data-track="commentUserNameClick" data-action="follow" data-rapid_p="34">Hai Linh Truong</a>/Flickr.
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Melbourne suburbs where rents have dropped over past five years

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There’s a new breed of investor that is sweeping Melbourne and driving demand, according to property valuers Opteon Victoria.
It’s the cashed up self-managed superannuation fund investors that are part of what is driving Melbourne’s house prices, in concert with low interest rates and strong consumer sentiment, and Opteon Victoria managing director Chris Knight said that prices are expected to be more consistent than 2012 and 2013.
“Melbourne’s record median house prices in the March quarter were an encouraging sign of life and a return to more consistent prices across all sectors,” Knight explained.
“Top-end sales are in great shape and older homes on larger blocks are also selling well, which indicates those with money to spend are snapping up some good deals while interest rates remain low. This includes developers looking to subdivide.”
However, he said that there are three main buyer categories – upgraders, downsizers and investors. Overseas buyers are also looking at Melbourne.
“But a new breed of investor – the cashed-up self-managed super fund brigade – is starting to make its presence felt in both the residential and commercial property markets,” he said.
Where are they looking and what are they looking for?
Knight told Property Observer that these SMSF investors, that have been emerging over the months, are looking largely in the East and West growth corridors, and particularly the more affordable areas. This includes Point Cook, Tarneit, Cranbourne and Pakenham.
However, they’re also looking for a certain type of property to best suit SMSF requirements.
Those with self-sustaining yields, that are new enough to require few improvements and to offer substantial depreciation benefits, and that are at a lower investment-grade price point are the most sought after factors. This is for a number of reasons, including that the amount able to be poured into a super fund each year in extra contributions is capped, making renovations and sustaining a loss-making asset difficult for some SMSF investors. Similarly, improving an asset purchased in an SMSF can fall under a number of different rules from the ATO, which restricts renovating to the same extent as property purchased in other, more common, structures.
“Interest in self-managed super funds is growing substantially,” said Knight, noting that it is occurring broadly across Melbourne. "They're often ably assisted by their financial adviser," he said.
Investors looking outside of their SMSF, however, have some other ideas. Despite a general wave of negativity regarding inner city Melbourne and the discussion of oversupply and low yields, it appears that there is still strong interest. The west and north west areas in particular see interest, such as the outskirts of Essendon and Footscray, he said, noting it has also been a surprise to see investors heading into the CBD and inner city ring.
"It's all about the entry point, the yields, and the ability to secure the properties quickly," he explained.
New stock, a <a href="/expert-insights/off-the-plan-values-coming-back-at-15-below-purchase-price">contentious topic in the past on Property Observer for states other than just Melbourne</a>, will be an interesting sector to watch. Knight noted that it's the re-sale values that will be the proof the market needs, however warns those tracking the properties that often developers are those selling these properties again on second sale.
This is often due to the developer owning a right to the sale through the contract, particularly when they have other stages up for sale. He notes that it's worth waiting to see how they sell through a local real estate agent, as it's hard to quantify just how much the marketing costs may have been built in to the value.
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The new breed of investor and the Melbourne suburbs they’re targeting

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Renowned Musk Farm has been listed for sale by May 31 onsite auction through the Pat Rice &amp; Hawkins agency.
Selling agent Matt Childs anticipates the Musk Farm cottage on 1.2 hectares will <a href="https://www.realestateview.com.au/Real-Estate/11-school-road-musk/Property-Details-buy-residential-7025401" target="_blank">fetch $1 million plus</a>.
A 30 hectare farm lot in the acclaimed Daylesford, central Victoria district is also expected to fetch $550,000 plus.
Interior designer Stuart Rattle and cattle farmer Michael O'Neill, partners for 16 years, paid $93,000 in 1998 with a $76,000 mortgage, for what was to become their expanded renovated Musk Farm masterpiece.
The 32 hectare property started as a derelict garden overun with blackberries. 
But taking their inspiration from the English Arts and Crafts movement of Edwin Lutyens and Gertrude Jekyll, the couple set about its restoration starting with the planting of hydrangeas outside the 1880s old school house.
It would end with the garden divided into 14 distinct garden rooms, joined by interconnecting walkways, and separated by large clipped hedges, English Box (Buxus sempervirens) and viburnum (Viburnum spp) and Ligustrum vulgare (Privet). It shone even in winter.
<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/2014/04/17/musk-farm-april-17-eight.jpg" alt="">
Source: Facebook
Title Tattle gleans Stuart Rattle had been reluctant to buy the property when he and good mate, Paul Bangay undertook their first inspection drive-by.
It looked like a municipal park with too much asphalt, but returning at twlight Rattle sensed the opportunity and he was always of the later opinion that the home was best in late afternoons. 
It was a compact cottage after installing lower ceilings and its paintwork created the rich, moody and broody feel that he had once seen at florist Kevin O'Neill's Mount Macedon retreat.  
The English kitchen comes with oak cabinetry made by craftsman Kim Moir.
The cottage had the potential of the nearby pastures acquired for Michael O'Neill's passion, a herd of British White cattle he set about to save when the once common breed shrunk to only 400 breeding cows in Australia.
With their white coats, black noses and long black eyelashes, the cows stood out on the green hill that dominates the expanding holding, which was bought in 2003. The beef was sold to top restaurants, such as the Lake House in Daylesford, and through farmers' markets. Michael came from a long line of vets in Ireland's County Cork. The farm lot comes with pine plantation, a character filled barn, hay shed, cattle yards, chicken coop, small orchid and a terraced vegetable garden. 
Visitors were very welcome at Musk's regular garden open days. Title Tattle recalls Pixie Skase was a devotee. There was the reminder of her in the pair of Hermes ashtrays with Islamic motifs. Susan Bittar, the Arthur Anderson accountant, had Rattle decorate her Georgian home among the many commissions by Melbourne's prominent families.
But before the hydrangeas were at their peak last year, Stuart Rattle was found dead in his burnt-out two storey Malvern Road, South Yarra apartment on December 9, 2013.
It was in his abode at the back of his shop, an infill concrete box with mansard roof which Nerida Piggin once described as a soothing spacious retreat. It had been built by his builder father, Ken with intricate coffered ceiling. Rattle often said he was following in the footsteps of other designers, like Nancy Lancaster from Colefax and Fowler and Coco Chanel who also lived above their shops.  
Within four days police charged his partner, Michael O'Neill, with his murder after a suspicious fire, alleging that he killed him through asphyxiation five days prior at the city apartment.
O'Neill remains remanded in custody due to return to court on June 5 for a committal mention hearing.
Stuart Rattle, who grew up on a farm at Wakool, saw himself as one of Australia’s leading interior designers, the sole designer within his company supported by skilled artisans who transformed inspiration into reality.
But he maintained he was not there to impart his own style – "my focus is always to bring out my clients."
"A home should represent who lives there," he believed. And at Musk the whole house certainly evolved around the Aga stove.
"Interiors are above all sophisticated and highly attuned to each client’s lifestyle and personality."
But for Rattle scale, proportion and elegance transcended the current trends as he endeavoured to construct timeless spaces with an emphasis on comfort and restraint. In July 2012, a custom-designed furniture range was launched by Rattle in collaboration with Mortice &amp; Tenon.
Before his death he'd just finished refurbishing the drawing room at Musk Farm, after the ornate plaster ceiling arrived in four large panels. Then there was the Watts of Westminister birds wallpaper. The antique fire mantel was sourced in London. The Mulberry Floral Bouquet fabric on the sofa and some antique Persian blanket cushions. Brunschwig &amp; Fils 'Argonne Lampas' fabric on the Gainsborough Chair.
<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/2014/04/17/musk-farm-april-17-one.jpg" alt="">
<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/2014/04/17/musk-farm-april-17-five.jpg" alt="">
<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/2014/04/17/musk-farm-april-17-six.jpg" alt="">
<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/2014/04/17/musk-farm-april-17-seven.jpg" alt="">
Source: Facebook
In May last year the Governor of Victoria, Alex Chernov, and Mrs Chernov, on an official visit to Hepburn Shire, popped in to see the farm. (pictured below) Only last November the late interior designer and his partner proudly opened Musk Farm to the public to raise money for further restoration of Wombat Hill Botanic Gardens in nearby Daylesford. Stuart had been a very active supporter of the Botanic Gardens, repairing and restoring its rustic cascade, the Victorian Fernery and its irrigation works.
<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/2014/04/17/chernov%20april%2017%20one.jpg" alt="">
 
Source: Facebook
But within three weeks he was dead. His partner Michael O'Neill awaiting trial for his alleged murder. Their assets were subsequently frozen, by Supreme Court of Victoria order, and only able to be sold with the court's approval. Katrina Lewin, one of Rattle's sisters, has been appointed interim administrator of his estimated $4.2 million estate.
<img src="https://www.urban.com.au/images/stories/2014/02/21/crop-feb-21.png" alt="crop-feb-21" width="470" height="291">
  School Road at Musk has just the six properties. All up Musk has around 130 properties, once described by The Age as a sleepy blip on the map.
Barcaldine House, at 238 Dairy Flat Road with 15 hectares and a 60-square-metre homestead, was perhaps the most known given its cellar door operations. 
The hamlet's last celebrity sale was in 2006 when the television personality and interior designer Tonia Todman sold the four hectare farm which she bought in 1998 to use as a weekender with partner Michael Dowding. They refurbished in a style that Todman described as "French provincial meets New Hampton via Daylesford". 
Todman's four-bedroom house with Castlemaine stone fireplace was surrounded by a stone-fruit orchard and a small olive grove plus nut trees, a vegetable garden and plantings of herbs, roses, lavender and bulbs on soil classed as chemical-free. The Todman property at 90 Currys Road was listed with Morley Real Estate who were quoting $730,000-plus, and secured $660,000.
 
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jchancellor-FAypfDUnLy

Musk Farm, the Stuart Rattle, Michael O'Neill garden estate listed for auction

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The purchase of a Melbourne CBD property for $5.6 million has set a new land value record for the precinct at $18,604 per square metre.
The three level office and retail building at 337-339 La Trobe Street was sold to a private China based buyer in a deal handled by Nick Peden and Clinton Baxter of Savills.
Savills received 19 offers through an expressions of interest sales process. It was sold unconditionally with a 42 day settlement period to the private offshore group.
Peden and Baxter received about 230 enquiries for the property.
"There are many reasons behind this outstanding result, chief among them being the property’s ideal central CBD location, three street frontages, versatility of use, outstanding redevelopment potential and the low Australian dollar which is providing exceptional value for off-shore buyers due to the favourable exchange rate," said Peden.
"Of course the fact that Melbourne CBD land is relatively cheap when compared to the major cities of China, Malaysia and Singapore, the low interest rate environment locally, the potential to sell a high volume of end units off-shore, and Australia’s `safe-haven’ investment status also figure prominently."
According to Baxter, the site is well served by local amenity.
"This is an exceptional central CBD location close to Melbourne Central Shopping Centre, RMIT University, the Legal Precinct, and Melbourne Central/Flagstaff train stations.
"The sale is another demonstration of the demand for CBD freehold property and the obvious capital growth potential of properties within Melbourne’s vibrant and rapidly expanding CBD." 
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jrichardson-uRX5hFdKfN

La Trobe Street site goes to Chinese buyer in record sale

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With $1 billion in direct investment to be poured into Victoria through the Station Precinct Enhancement Program it’s unsurprising that many investors are asking where the money will be spent.
Under the funding, more than 3,000 direct project delivery jobs will be created and underutilised government land will be unlocked to deliver housing, retail, commercial and public spaces for communities, as well as improved railway stations.
The funding was announced by Premier Denis Napthine who said that there would be a number of benefits to many communities.
“The program will deliver a significant economic boost to Victoria. It will create more than 3,000 direct project delivery jobs, a further 5,000 indirect jobs through construction and the potential to support more than 800 full-time commercial and retail jobs after project completion,” said Napthine.
Meanwhile, Minister for Public Transport, Terry Mulder, said that there have been 10 sites that have already been identified, including two where the improvements have already been brought to the market – at Jewell and Hampton. Alphington expects to see an expressions of interest process mid-2014.
“This program will deliver the right mix of housing, retail, commercial and community spaces located right next to the rail corridor, which will in turn create vibrant, dynamic, liveable and accessible places – places where people want to live,” Mulder said.
In total, there will be 10 Victorian suburbs for development, with the other seven currently being investigated:
<ol>
<li>Jewell</li>
<li>Hampton</li>
<li>Alphinton</li>
<li>Essendon</li>
<li>Windsor</li>
<li>West Footscray</li>
<li>Collingwood</li>
<li>East Richmond</li>
<li>Ringwood</li>
<li>Watsonia</li>
</ol>
MacroPlan Dimasi, a research hub used by developers and other bodies, has undertaken economic modelling that has shown that the 10 sites will facilitate further investment opportunities – to the tune of $1 billion – over the next three to five years, as well as $5 billion in economic stimulus.
And, Napthine announced, there will be a competitive process for the release of the land for both private sector investment and development.
“The program will deliver developments across metropolitan Melbourne of varied scale appropriate to their location, with the community and public transport users benefiting via new and upgraded facilities in the surrounding station and broader precinct,” he said.
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10 Victorian suburbs that may benefit under $1 billion of new public infrastructure

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The Victorian government has announced that from 2015 international students are able to access public transport concession cards, in a bid to boost local tourism and the economy.
The move will see overseas students offered a 50% annual discount for public transport tickets. Victoria and NSW are the only states that do not offer the same concession rates for international students that are available to their domestic counterparts – despite these states having the <a href="https://www.abs.gov.au/AUSSTATS/abs@.nsf/Lookup/4102.0Main+Features20Dec+2011" target="_blank">highest numbers of international enrolments</a>.
Victorian Tourism Industry Council chief executive Dianne Smith welcomes the changes, saying the new concession rates for international students will provide a good opportunity for businesses despite the government being “a bit slow” on the issue.
“This is obviously going to assist the tourism industry,” Smith told SmartCompany. “We have great cosmopolitan experiences in Melbourne and offer great regional experiences in Victoria.”
According to the Australian Bureau of Statistics, the international education sector contributed $16.3 billion in export income to the Australian economy in the 2010-2011 period. Smith says if businesses want to really tap into the international student market, then they need to create positive experiences.
“They bring with them their friends and relatives,” she says. “It can lead to repeat visitation. Family and friends are great value for tourism.”
Smith says the key is for businesses to work closely with colleges and tertiary institutions so that international students are fully aware of where they can travel.
“Already there’s quite a lot of collaboration between the tertiary and tourism sector. And we would encourage our members to maintain and increase that collaboration because we have to make sure opportunities are available and promoted well.”
In a statement, Victorian Minister for Public Transport Terry Mulder said international student concessions would be available in all metropolitan zones as well as regional centres. The scheme will apply to trams, buses and trains.
“This will make international students feel even more welcome when they come to study in Victoria and enhance our reputation as a world leading international student city,” he said. “An overseas student will now save up to $1,105 per year travelling across the greater city of Melbourne.”
International students have long agitated for changes to public transport concession rates, particularly over concerns that some international students <a href="https://www.theage.com.au/victoria/state-lags-on-cheap-travel-for-students-20121106-28w2r">are risking their safety</a> by walking home late at night because they cannot afford public transport.
This article first appeared on <a href="https://www.SmartCompany.com.au" target="_blank">SmartCompany</a>.
                            
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Tourism industry set for a boost as international students granted transport concessions

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Victoria's Planning Minister, Matthew Guy, has recently announced another 50,000 lots of land to be the target for Melbourne this year, with plans to boost the construction industry in the state. Recently inviting public comment on Precinct Structure Plans for 21,000 housing lots in the southeast, Guy noted that further land would be released this year in the western and eastern corridors. He noted that every million dollars spent on housing construction creates seven full-time jobs in the building sector, and other flow-on jobs and benefits. "It is vital for the Victorian economy that our supply of land for housing  growth is strong,” Guy said. He pointed to lot prices coming down 15%, from $225,000 to $191,000 from 2010 to December 2013, which he said is driven by the strong land release policy under the government. This has seen development projects that are "competing" rise from 90 to 143 over this period. "This announcement compliments other major projects that have been  approved recently. I am pleased to be able to provide an economic boost  for Victoria and to provide increased housing affordability through  greater competition. More land supply will mean greater competition in the  marketplace, driving lower lot prices for homebuyers,"  Guy said. "Housing approvals and building activity in Victoria are at the highest  level in three years due to strong policy action by the state government,  and important strategic planning done by the Metropolitan Planning  Authority," he continued. The land target applies to the western, northern and south-eastern growth corridors, with all to be within Melbourne's urban growth boundary. No changes to this boundary are being proposed. He said that over 500 hectares of employment land will be included in the structure plans, and that Development Contribution Plans will apply to every structure plan, to provide open space, community facilities and infrastructure. Just yesterday, Property Observer reported that <a href="https://www.propertyobserver.com.au/victoria/satterley-property-group-looking-to-nearly-triple-land-sales-with-two-new-estates/2014030568192" target="_blank">developer Satterley Property Group has found the increasing competition difficult to contest with</a>. "There is a lot of competition at Doreen and there is a difficult balancing act in managing supply and demand with a lot more land been approved for development over the past few years," Jack Hoffmann, Victorian general manager for Satterley said, despite having a bullish view on expected performance this year. "Victoria has some of the best new suburbs in Australia, with  carefully-planned communities providing liveable homes for our growing  population. We are far better placed for housing growth than other states,  which keeps housing costs comparatively lower, and makes us an attractive  location for investment and business growth," he said. Another area that is on his radar for land supply in 2014 is Geelong. In addition to Melbourne's 50,000 lots, towns such as Lara have seen a significant number of lots rezoned. There have been 4,000 rezoned in Lara, and he suggested further releases in the Armstrong Creek corridor to progress the growth of Lovely Banks and Batesford South.
Late last year, Property Observer <a href="https://www.propertyobserver.com.au/victoria/exclusive-melbourne-s-potential-oversupply-the-experts-have-their-say/2013101065633" target="_blank">surveyed a number of experts, as well as polled readers, about their thoughts on a potential oversupply in the Melbourne market</a>. While many pointed to an oversupply of apartments in the inner city, there were some that expressed concerns about the number of potential land releases and unsold estates. Of the readers who took part in the poll, which specifically looked at apartments, 44.8% said that Melbourne is oversupplied, but only in the inner city. Meanwhile, 37.3% said that 'Yes' there was an apartment oversupply generally. <a href="mailto:jduke@propertyobserver.com.au" target="_blank">jduke@propertyobserver.com.au</a>
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Land lot prices in Melbourne have dropped 15% since 2010, with more room to fall

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There will be an appreciable drop in auctions over the weekend due to the Labour Day long weekend. RP Data is expecting 291 auctions this coming week in Melbourne.
Whilst the market is going very well – the last fortnight has been remarkably strong – the missing component at this stage is first home buyers. If this sector became active again, sales volumes would rise to historical averages.
Those intending to buy over the next month will welcome the largely stable nature of dwelling values over February. After the new peak was reached in January, house values dropped by 0.3% in February and units rose by 0.4%. This points to a market in a moderate growth phase and shows that the value rise in January has been locked in.
Key data
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Clearance rate week ending March 2: 76.6%
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<li>
Melbourne auctions expected week ending March 9: 291
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<li>
Melbourne private sales time on market week ending March 2: 56 days (houses)
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<li>
Melbourne vendor discounting market week ending March 2: -5.7% (houses)
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<li>
Listings being prepared for market are 7.1% higher in month ending March 2
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Robert Larocca is Victorian housing market specialist for <a target="_blank" href="https://rpdata.com/" rel="nofollow">RP Data</a>.
                       
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