New apartment supply has become increasingly constrained across <a href="https://www.apartments.com.au/developments/parramatta-nsw-2150">Parramatta</a> in recent years, with fewer projects progressing through to completion as development conditions have become more challenging.

It makes <a href="https://www.apartments.com.au/developers/novm">NOVM</a>'s 2021-completed <a href="https://www.apartments.com.au/buildings/the-lennox-parramatta-12-phillip-street-parramatta-nsw-2150">The Lennox</a> one of the most recently completed residential towers on the Parramatta River, and among the newest apartment developments in Sydney's second CBD.

With the project largely completed before the sharp escalation in construction costs and inflation following the pandemic, The Lennox is now offering pricing that would be difficult to replicate in a comparable new development in Parramatta today, or across much of Western Sydney.

The majority of the 413 apartments at The Lennox sold before and shortly after completion. A limited release of the remaining apartments has recently been brought to market by capital partner <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a>, with entry-level pricing from $700,000 and two-bedroom apartments available from under $1 million.

Rising above the Parramatta River at 12 Phillip Street, The Lennox comprises one, two, three and four-bedroom apartments, appealing to first home buyers, young professionals, families, downsizers and interstate investors seeking a completed apartment in one of Australia's fastest-growing economic centres.

[smartcode_project:default project_id=5743 project_image_fid=372394]

Rather than positioning Parramatta as an alternative to Sydney's CBD, Equitifund believes the city has reached a point where it stands on its own merits.

"Parramatta is no longer simply an alternative to Sydney CBD, it's becoming a destination in its own right," Equitifund Executive Chairman Greg Huxley said.

"The Lennox captures that evolution with a level of quality and amenity that's difficult to match at its price point."

[smartcode_project:default project_id=5743 project_image_fid=953]

Designed by <a href="https://www.apartments.com.au/architects/marchese-partners">Marchese Partners</a>, the tower responds directly to its riverfront setting through expansive glazing and open-plan layouts that maximise views across the Parramatta River and city skyline. Interiors feature engineered timber flooring, stone benchtops, stainless steel appliances and floor-to-ceiling glazing, while generous balconies extend the living spaces outdoors.

Marchese Partners says the project was conceived to balance high-quality apartment living with practical, long-term functionality, pairing larger, efficient floorplans with amenities more commonly associated with five-star hotels.

That emphasis continues through the resident facilities, which include a 20-metre rooftop swimming pool, fully equipped gym and wellness spaces, full-time concierge, a residents' lounge, function room, private lifts, secure basement parking and rooftop communal areas overlooking the Parramatta River. Ground-floor boardwalk retail and dining further activate the riverfront and integrate the building into the surrounding public realm.

[smartcode_project:default project_id=5743 project_image_fid=925]

Australian housing and finance group Equitifund has secured the remaining apartments, believing there are few completed apartment opportunities in Parramatta that offer the same combination of location, amenity and pricing.

Equitifund National Sales Director Ben Hamblett says buyers are increasingly recognising that premium apartment living no longer needs to come with Sydney CBD pricing.

"The Lennox is where aspirational living becomes attainable," Hamblett said.

"Wake to river and mountain views, step into Sydney's Second CBD, and arrive home to resort-calibre amenities, all without the harbour price tag."

Hamblett says owner-occupiers are also attracted by the convenience of having Westfield Parramatta, Church Street's dining precinct, Parramatta Park, Riverside Theatres, Western Sydney University and major transport connections all within walking distance.

"At The Lennox, lifestyle is not an afterthought, it is the foundation."

[smartcode_project:default project_id=5743 project_image_fid=5374]

The Lennox places residents within walking distance of Parramatta Square, Westfield Parramatta, Church Street Eat Street, Parramatta Station, the ferry wharf, Light Rail, the future Sydney Metro West, Parramatta Park and CommBank Stadium, reinforcing Parramatta's position as one of Australia's most connected metropolitan centres outside Sydney's CBD.

Equitifund says buyers visiting the display suite consistently comment on the quality of the finishes, generous floorplans, river and skyline views, and the walkability of the location. The project has attracted a broad mix of local professionals, upsizers, downsizers, buyers relocating from Sydney's inner suburbs and interstate investors seeking long-term growth opportunities.

That demand aligns with Parramatta's continued evolution as an economic powerhouse. Equitifund Research and Market Insights specialist John Bekiaris says sustained population growth, infrastructure investment and expanding employment opportunities continue to support long-term housing demand across the city.

"Parramatta has evolved from a satellite city into one of Australia's most important economic centres. Population growth, infrastructure investment and employment are all supporting sustained long-term housing demand."

[smartcode_project_cta:default project_id=5743]

Joel Robinson

The apartment price gap drawing Sydney buyers west

A luxury beachfront apartment at Rainbow Bay has more than doubled in value since it sold off the plan six years ago, setting a new local apartment record in the process.

The three-bedroom apartment in the Flow development on Petrie Street, the first of four new projects locally by Paul Gedoun's S&amp;S Projects, has sold for $7.4 million, after originally selling for $3.27 million when the project launched in 2020.

The seventh-floor apartment, comprising 187 sqm of internal living space and a 54 sqm balcony overlooking Froggies Beach and Snapper Rocks, was purchased by a local family.

The transaction was negotiated by Pezet Matheson director Kerry Pezet and equates to more than $30,000 per sqm.

Pezet said the sale reflected the limited opportunities to buy into the boutique beachfront development.

"The sale highlights the rarity of opportunities within the boutique beachfront development, where residences seldom become available," Pezet said.

"Flow is one of the Gold Coast's most tightly held buildings. Buyers from our database move quickly when residences become available, and achieving an off-market sale at $7.4 million demonstrates the depth of demand for property of this calibre."

<img alt="Flow" data-entity-type="file" data-entity-uuid="c585b206-2130-4eee-a50c-3f27c51a7c70" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-06%20at%208.33.25%E2%80%AFPM.png?VersionId=m3pHRDV62Y3fvN.XQuQHq.52ilTWpRLf" />

Flow was the first of four luxury apartment developments delivered by Paul Gedoun's S&amp;S Projects at Rainbow Bay and was completed in 2023.

Positioned on the beachfront overlooking Snapper Rocks, the residence includes three bedrooms, three bathrooms, a powder room and views stretching north along the coastline towards Surfers Paradise.

Pezet Matheson Residential principal Mitchell Lambert said buyers continued to prioritise quality beachfront apartments in tightly held locations.

"Flow Residences offers a rare combination of elevated beachfront positioning, architectural excellence, comprehensive resident amenity and premium finishes, which is exactly what discerning purchasers are seeking," Lambert said.

"The transaction further reinforces Rainbow Bay's reputation as one of Australia's premier coastal lifestyle destinations, where limited supply and growing demand continue to support strong market performance."

Pezet Matheson originally marketed and sold out Flow off the plan, making the latest transaction a return to one of the project's original buyers.

Paul Gedoun is selling his third project, <a href="https://www.apartments.com.au/new-apartments/radia-rainbow-bay-271-boundary-street-coolangatta-qld-4225">Radia Rainbow Bay</a>, after recently completing, and selling out, <a href="https://www.apartments.com.au/buildings/esprit-217-227-boundary-street-coolangatta-qld-4225">Esprit</a>. He has plans for a <a href="https://www.apartments.com.au/news/qld/first-look-s-s-projects-proposes-88-apartment-wellness-tower-at-coolangattas-boundary-street">fourth building</a>, 88 apartments on <a href="https://www.apartments.com.au/new-apartments/209-213-boundary-street-coolangatta-qld-4225">Boundary Street</a>.

Rainbow Bay apartment doubles in price since off the plan sale during pandemic

The long-planned transformation of Brisbane's historic Shafston Estate has taken another major step, with Capella Hotel Group announced as the luxury hospitality partner behind what will become Brisbane's first branded residences.

The project, to be known as Capella Residences Brisbane, is being delivered by Verso Projects at the landmark Kangaroo Point riverfront estate, with completion targeted for 2029.

The announcement follows a series of planning changes to the project over recent years. The site was originally approved in 2023 for a 15-level, 37-apartment development designed by Rothelowman for Burgundy Group before Verso Projects took over the 10,070 sqm riverfront holding and lodged revised plans with Kerry Hill Architects to increase the development to a 25-level tower with 51 apartments.

The latest announcement confirms Capella Hotel Group will bring its branded residential offering to the project, marking just the second Capella Residences development globally after Seoul, and the group's first branded residential project in Australia.

The <a href="https://www.apartments.com.au/new-apartments/23-castlebar-street-kangaroo-point-qld-4169">Castlebar Street development</a> will centre around the restoration of the heritage-listed Shafston House, one of Brisbane's oldest residences, originally constructed in 1851 by Reverend Robert Creyke as a single-storey cottage known as Ravenscott.

<img alt="Capella" data-entity-type="file" data-entity-uuid="2b9f4ce5-638f-4d6b-8082-3ca7e4b75fca" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-09%20at%207.20.41%E2%80%AFAM.png?VersionId=f7aeqsW_DzOJI4FymWb3lD8NptSfsP7q" />

Capella said the project aligns with its focus on heritage-led developments, with the Brisbane estate combining the restored historic residence with a new luxury apartment tower and hospitality-inspired resident amenities.

Residents will have access to the Capella Living Room, a concierge-led communal space inspired by the group's luxury hotels, alongside landscaped gardens, six swimming pools, wellness and recreation facilities.

The broader estate will also include two riverfront homes, a six-berth private marina, porte cochère arrival experience, secure basement parking and a new section of public riverwalk along the Brisbane River frontage.

The heritage Postal Depot Building will also be retained and repurposed as a guest house, in line with the revised development plans.

The project represents another evolution for the site, which Kerry Hill Architects previously described as a rare opportunity to restore one of Brisbane's most significant heritage estates while creating a new benchmark for apartment living.

"The Shafston Estate provides a once-in-a-generation opportunity to restore one of Brisbane's finest heritage precincts and to reinstate residential use as a unique site perched on the edge of Kangaroo Point," Kerry Hill Architects said in its Urban Context Report accompanying the planning submission.

"The project will celebrate excellence in sub-tropical residential design, setting a new benchmark for vertical living in Brisbane."

Verso Projects, which now has an $8.5 billion development pipeline spanning more than 6,000 dwellings across apartments, townhouses, retail and commercial projects, said the partnership with Capella would elevate the development beyond a traditional residential project.

"We feel honoured to be restoring Shafston Estate to its former glory, elevating it to new heights of luxury and excellence underpinned by Capella's distinctive service ethos and design philosophy, and making it a standout landmark in Brisbane," Verso Projects CEO Steve Laffey said.

"By partnering with Capella, globally recognised for its refined approach to luxury hospitality and deep respect for cultural and historical context, we will elevate this project beyond a residential offering into a world-class destination."

Capella Hotel Group President Roland Fasel said Brisbane's emergence as a global city made it the right location for the company's Australian residential debut.

"Brisbane is a city on the cusp of something remarkable, and Capella Residences is our commitment to being part of that story," Fasel said.

"The Capella residential experience is more than luxury. It is about a sense of belonging to a place with deep meaning."

Private appointments have now opened for the project, with a display suite expected to open in late 2026 ahead of the planned 2029 completion.

Capella to launch Brisbane's first branded residences at Shafston House, Kangaroo Point

Lewis Land's latest apartment release within its <a href="https://www.apartments.com.au/new-apartments/harbour-shores-biggera-waters-564-oxley-drive-biggera-waters-qld-4216">Harbour Shores</a> masterplan is targeting one of the Gold Coast's fastest-growing buyer groups, with almost a third of apartments at Solis priced below $1 million.

The seven-storey building at Biggera Waters will comprise 91 apartments, including 24 one-bedroom residences starting from $778,000, a price point Lewis Land says is aimed squarely at first home buyers struggling to enter the Gold Coast market.

<img alt="Harbour Shires" data-entity-type="file" data-entity-uuid="e7486e37-22f6-4c92-b212-9b0622070b8f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-08%20at%209.09.34%E2%80%AFAM.png?VersionId=W8MJwJUCf6HkIyl_EVSksnd.QI6MZryY" />

<a href="https://www.apartments.com.au/developers/lewis-land-group">Lewis Land</a> Head of Development Michael Long said the developer deliberately allocated a significant proportion of the project to more affordable apartment types.

"First home buyers have been priced out of many parts of the Gold Coast, and we saw a clear opportunity to address this and play our part in a longer-term housing solution," Long said.

"That's why 24 of the 91 apartments being delivered at Solis have been designed and priced for the city's next generation of homeowners, quality one-bedroom apartments, half of which include an additional multipurpose room to maximise space and flexibility.

"This approach places 30 per cent of apartments in Solis under $1 million, and with close proximity to Harbour Town's future light rail extension connecting residents to the city's major employment and knowledge hubs, it's a win for buyers looking to secure their first property."

<img alt="Sores" data-entity-type="file" data-entity-uuid="550526d3-73ba-4710-9739-c5f4294a30ef" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-08%20at%209.09.29%E2%80%AFAM.png?VersionId=cQQdXHt9wS0UXwZEm5Py5bH_3kAmzyhu" />

Designed by BDA Architecture, Solis will deliver a mix of one, two and three-bedroom apartments, with residences ranging up to 232 sqm. Apartments feature generous balconies and contemporary finishes, while residents will have access to Harbour Shores' lagoon pool, clubhouse, tennis court, gym, yoga studio and sauna.

The focus on first home buyers resonated with purchaser Holly Humphreys, who said she and her boyfriend spent more than a year searching for their first property before shifting their attention from houses to apartments.

"We fell in love with the first house we bid on and got our hopes up, but after repeated knockbacks we learned not to get too attached," Humphreys said.

"We offered at the high end of price guides, but sales kept going even higher. That's where we really struggled and we needed to re-evaluate our budget and our expectations. Standalone houses were off the table, and we pivoted to apartments and townhouses."

Humphreys said it was encouraging to see developers recognising the growing demand from first home buyers.

"There's a growing number of young buyers looking to enter the market earlier because they understand that getting in now can make a real difference as prices continue to rise," she said.

"It's fantastic to see a developer recognise this and then actively take measures to deliver an apartment with us in mind."

Solis is the first development planned within the second stage of the Harbour Shores masterplan, with early works expected to commence in September 2026.

[smartcode_project_cta:default project_id=113271]

Lewis Land targets first home buyers at latest Harbour Shores release, Solis

Luxury apartment developer Abadeen has recorded $19.25 million in apartment sales across two of its Lower North Shore developments in the lead-up to the end of the financial year, headlined by the sale of a $6.75 million penthouse at <a href="https://www.apartments.com.au/buildings/koyo-crows-nest-5-rodborough-avenue-crows-nest-nsw-2065">KOYO in Crows Nest.</a>

The transactions also included the sale of a newly completed three-bedroom apartment at <a href="https://www.apartments.com.au/buildings/park-residences-cremorne-2-sutherland-street-cremorne-nsw-2090">Park Residences in Cremorne</a> for $6.35 million, with the residence selling shortly after the project's first public inspections following completion.

The sales come as completed, owner-occupier-focused apartments continue to attract strong demand across Sydney's Lower North Shore, particularly from buyers looking for certainty and immediate occupancy.

The penthouse at KOYO spans 491 sqm across a single level and was designed by architect Koichi Takada. The development is one of Abadeen's flagship boutique projects in Crows Nest.

[smartcode_project:default project_id=108800 project_image_fid=370093]

Abadeen Executive Chairman and Founder Justin Brown said buyer activity lifted noticeably in the lead-up to the end of the financial year.

"We saw a clear increase in enquiry levels, inspection numbers and buyer engagement across our completed projects leading into the end of the financial year," Brown said.

"Buyers have become far more decisive over the past six months. The combination of improving confidence, limited supply and the ability to physically inspect completed residences is creating strong competition for premium apartments in the best locations."

Brown says the&nbsp;response to Park Residences following completion has been particularly strong.

"Buyers want certainty and are responding positively to the opportunity to walk through a finished product, inspect the quality firsthand and move in immediately," Brown suggested.

"Projects such as Park Residences and KOYO demonstrate that when the product is exceptional and the location is irreplaceable, buyers are prepared to act quickly."

[smartcode_project:default project_id=114246 project_image_fid=370116]

Abadeen CEO Joe Tack said quality continued to differentiate projects in the current market.

"Today's buyers are incredibly discerning," Tack said.

"They are seeking larger floorplans, premium finishes, walkability, lifestyle amenity and confidence in the developer delivering the project. Well-designed boutique developments continue to outperform because they offer something genuinely difficult to replace.

"The enquiry we are seeing across our completed and recently completed Lower North Shore portfolio is very encouraging, and we expect this momentum to continue into spring."

The sales follow increased enquiry across Abadeen's Lower North Shore portfolio which also includes <a href="https://www.apartments.com.au/buildings/northcote-collective-naremburn-2-northcote-street-naremburn-nsw-2065">Northcote Collective in Naremburn</a> which also completed recently.

KOYO penthouse headlines Abadeen's $19.25 million EOFY sales flurry

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?

Luxury developer-builder <a href="https://www.apartments.com.au/developers/lowe-living">Lowe Living</a> has achieved a new Victorian benchmark for an off-the-plan apartment, with the sale of two penthouses at its ultra-exclusive Maison Savoy development in Brighton.

The two penthouses achieved a combined sale rate of $49,926 per sqm. Both transactions eclipsed the previous identified Victorian off-the-plan price-per-square-metre benchmark, set by the 449 sqm apartment at Como Toorak, which sold at $46,659 per sqm.

[smartcode_project:default project_id=140818 project_image_fid=366473]

<a href="https://www.apartments.com.au/new-apartments/maison-savoy-brighton-150-esplanade-brighton-vic-3186">Maison Savoy</a>, Lowe Living's redevelopment of the former Brighton Savoy Hotel on absolute beachfront land at 150 The Esplanade, Brighton, has gained significant momentum since launching just eight weeks ago. Around 30 per cent of the project's 19 residences have already been secured, generating approximately $45 million in sales.

"Securing two of the three penthouse sales at this stage, within eight weeks of launching to market speaks to the confidence our clients place in Lowe Living," Lowe Living co-founder Emma Lowe said.

"They know we'll be with them through every stage of the journey, and that assurance is something we've worked hard to earn and never take for granted."

[smartcode_project:default project_id=140818 project_image_fid=366474]

Lowe said Maison Savoy was conceived as a genuine alternative to a prestige Brighton home, combining house-scale proportions with the convenience, security and lock-up-and-leave appeal of apartment living.

Lowe Living co-founder Tim Lowe said the early sales success demonstrated the resilience of Melbourne's prestige market and highlighted the growing demand for house-sized apartments among ultra-high-net-worth buyers.

"The Melbourne market has definitely been tested in recent years, with interest rates and global economic factors all creating a period of uncertainty across the real estate sector. The sales success at Maison Savoy however demonstrates that confidence remains exceptionally strong at the top end of the market.

"The prestige market is being driven by long-term lifestyle decisions rather than short-term market sentiment, which continues to create a level of certainty that befits an absolute beachfront property in a blue-chip location like Brighton.

"Brighton's fundamentals remain among the strongest in Melbourne, with limited new supply, enduring demand from an overwhelmingly local owner-occupier market, and a rare combination of beachfront amenity and proximity to the CBD."

[smartcode_project:default project_id=140818 project_image_fid=374378]

According to Cotality, Brighton remains one of Melbourne's most tightly held prestige suburbs, with an average ownership tenure of 15.3 years for houses and 12.3 years for units, while more than 73 per cent of homes are owner-occupied.

Tim Lowe said selling two of the project's three penthouses so early in the campaign was an uncommon result.

"This sales result is a reflection of quality and understanding the local market. It's incredibly rare to transact the penthouses so early in a sales campaign in any project so to have sold two of the three penthouses at Maison Savoy so soon after launch, all in-house without any external sales agency appointed, is reflective of our careful consideration of our buyers' needs and lifestyle.

"This is knowledge that is accumulated not just from data and demographic analysis, but via a deeply embedded understanding of how this type of buyer wants to live and feel in their home. We pride ourselves on getting to know our clients personally, and over the last 10 years we have been able to refine our product offering by talking one-on-one with our clients about their design and floorplan preferences.

"Being a fully integrated developer-builder with an in-house design and sales team allows us to lead every part of the process and ensure the highest quality of product and service at every touchpoint. It's a really important part of our DNA and the recent sales success at Maison Savoy indicates that our clients and purchasers are resonating with this point of difference.

"It reinforces that demand remains strong for thoughtfully designed residences that offer rarity, lifestyle and long-term value in tightly held locations, which ultimately validates Maison Savoy's positioning as creating a new benchmark for house-scale, wellness-led apartment living on Brighton's beachfront."

&nbsp;

[smartcode_project:default project_id=140818 project_image_fid=366480]

The residences at Maison Savoy start from 295 sqm, with most enjoying uninterrupted views across Port Phillip Bay. The project sits moments from the Brighton Bathing Boxes, Royal Brighton Yacht Club, Middle Brighton Baths and Church Street's retail and dining precinct.

A key feature of the development is its private residents-only bathhouse, curated by the founder of Aurora Spa &amp; Bathhouse and modelled on traditional European bathing rituals and the award-winning Sorrento bathhouse.

The wellness offering includes a hydrotherapy pool, salt room, sauna, steam room, cold plunge pool, foot activation zone and a Vichy rainfall bed, one of only a handful in Australia. Residents will also have access to a Technogym studio, lounge spaces and a dedicated concierge service offering everything from morning coffee delivery and restaurant bookings to dry cleaning and home coordination.

"Wellness-led design has become a defining factor for luxury buyers," Emma Lowe said.

"Purchasers increasingly value homes that enhance wellbeing through thoughtful design, private amenity, privacy and liveability."

The penthouse purchasers are now undertaking a bespoke customisation process curated personally by architect Pete Kennon and the Lowe Living team, one of the developer's signature service offerings.

Construction on the $160 million transformation of the former Brighton Savoy Hotel site commenced last month, with completion expected in early 2028. The project has secured funding from NAB alongside development partner Monark.

Just one penthouse remains available, along with a limited number of two and three-bedroom residences starting from $3.75 million.

Lowe Living currently has eight projects on the market across Melbourne and recently celebrated its 10th anniversary, having grown a $1 billion development pipeline alongside a $350 million construction pipeline.

&nbsp;

[smartcode_project_cta:default project_id=140818]

Lowe Living set new Melbourne off the plan apartment record

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Orwell, the 1902 Federation, Camberwell home of empty nesters, Collingwood Football Club chief Gary Pert and his wife, Andi was passed in at its mid-November auction at $3.45 million.
It was $200,000 short of the now-disclosed $3.65 million reserve through Jellis Craig agents Richard Winneke and Chloe Quinn.
About 60 attendees reportedly gathered on the block's floodlit tennis court, with just the one bid made to the auctioneer Alistair Craig of Jellis Craig who'd previously placed vendor bids of $3.3 million and $3.4 million.
The Pert's bought the five-bedroom house for $650,000 in 1998 and added the 850 square metre adjacent block at a $775,000 cost in 2002.
Fairfax Media reported the gym was decked out with football memorabilia from his playing days at the Fitzroy and Collingwood Football Clubs from 1982 to 1995, but the gym is not featured in the publicly available photo gallery in its marketing. 
<a target="_blank" href="mailto:news@propertyobserver.com.au">news@propertyobserver.com.au</a>
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Empty nesters Gary and Andi Pert seek $3.65 million for longtime Camberwell home

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Surrendering views over the bay, retired company directors Rudi and Illona Miklosvary have listed their Mount Eliza home for December 1 auction as the family now live in the <place><country-region>US</country-region></place>.
Its a majestic European villa style residence with entertaining terrace with infinity pool and landscaped gardens with putting green.
Located on 8,086 square metres, the four-bedroom Royston Court mansion was built in 2001. <a target="_blank" href="https://www.8roystoncourt-mounteliza.com">Robin Parker of Marshall White expects $4 million plus.</a> The suburb's median house price sits at<a target="_blank" href="/news"> around $730,000</a>, according to RP Data. 
{qtube vid:=oPogOE4EIoQ}
The former cosmetics importer Berkeley International boss and his wife made the sea change from Melbourne to coastal Mt Eliza seven years ago after departing  South Yarra.
It was the Caroline Street, South Yarra house that won Australian House of the Year in 1922 which was sold by the couple in 2007 for $3.45 million. The house positioned above the Yarra River had a renovation by architect John Chandler. 
Over the years the South Yarra house had been home of fashion designer Adele Palmer, property developer Michael Yates and restaurateur Paul Lynch who sold it to the Miklosvary couple for $1.4 million in 2001.
{yoogallery src=[images/stories/2013/11/22/liz2]}
news@propertyobserver.com.au
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No cosmetic renovation required at this Mount Eliza European-style villa

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Melbourne buyers will be spoilt for choice again this weekend with another 1,000 plus weekend. At the conclusion of this weekend Melbourne will be in the remarkable position of having only had two weeks in the past two months with less than 1,000 homes offered at auction.
RP Data is expecting 1,089 auctions in Melbourne this week and 1,252 across Victoria.
The last fortnight has shown that conditions are very balanced between buyers and sellers in the auction market. After a very strong result from the largest weekend of auctions ever there have been two weeks with more moderate levels of demand. At the same time in the private sale market conditions are tightening with reducing days on market and lower levels of discounting.
The market remains susceptible to any negative factors in the broader economy.
Key data
<ul>
<li>
Clearance rate week ending November 17: 69%
</li>
<li>
Melbourne auctions expected week ending November 24: 1,089
</li>
<li>
Melbourne private sales time on market week ending November 17: 34 days (houses)
</li>
<li>
Melbourne vendor discounting market week ending November 17: -5.6% (houses)
</li>
<li>
Listings being prepared for market are 4.7% higher in month ending November 17
</li>
</ul>
 
<hr>
 Robert Larocca is Victorian housing market specialist for <a target="_blank" href="https://rpdata.com/" rel="nofollow">RP Data</a>.
 
 
 
<ul></ul>
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Buyers spoilt for choice: RP Data's Melbourne November 23 weekend auction preview

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Moreland residents have had an early Christmas present with the formal gifting of the Edgars Creek parklands to the city. It will now be the size of 15 Melbourne Cricket Grounds.
Victorian Planning Minister Matthew Guy said that final negotiations with VicRoads had resulted in three parcels of land being transferred to the state department of environment and primary industry in exchange for land at Greenvale.  This deal finalises the decision of former Planning Minister Justin Madden, who declared the parkland - bounded by the former Pentridge jail and Kodak industrial sites - as Crown Land in 2010.
Now, the Edgar’s Creek parklands will cover more than 11 hectares and be bordered by the Edgars and Merri creeks and Golf and Newlands roads in Coburg North.
The win ends a long campaign for the Friends of Edgar’s Creek who fought from 2006 to safeguard the land - the largest open space left in Moreland - for the public. The Moreland Reader reported that it had been retained by VicRoads since the 1970s for a possible freeway link.
The Friends’ grass roots strategies included monthly meetings, a website, letter-box drops, stalls at shopping centres, petitions, writing to relevant ministers, and sending letters to the local paper, according to Friends member Peter Hodge (The Age, August 13, 2010). Local councillors and state and federal MPs were in the spotlight, with the Friends even protesting on the steps of Parliament House. Two “Walk through the park” events attracted hundreds of residents and politicians, and tree plantings put the focus squarely on nature – not development.
“Open space and parklands are some of Melbourne’s greatest assets and this expansion ensures that Edgars Creek Parklands will be enjoyed by the community for many years to come,” Guy said.
“The Coalition Government is committed to maintaining and creating quality open space in which communities can gather and live healthy, happy lifestyles.
“This agreement will deliver the Coburg community and future generations with over 11 hectares of quality parkland for public open space and recreation.”
The City of Moreland will be appointed as the committee of management.
“Creating healthy and active neighbourhoods is a key initiative of Plan Melbourne and is a major element of maintaining Melbourne’s liveability into the future,” Guy said.
“Parks and gardens consistently rated as No. 1 in the aspects of Melbourne that people value most in surveys we conducted as part of developing Plan Melbourne.”
Kelvin Thomson, the former Labor member for the federal seat of Wills, which covers the area, described the park at the Victorian Government’s metropolitan land inquiry in 2009 as ‘’the lungs of Coburg, pumping oxygen through the veins of our otherwise built up and urbanised community’’.
Christine Campbell, the Labor member for Pascoe Vale, has worked hard since 2005 to ensure the parkland remains a well maintained public open space.
She said the Friends expected the completion of administrative tasks and a final letter of confirmation would take ‘’about 12 months’’ from when Planning Minister Madden declared the parkland to be Crown Land in 2010.
“It’s disappointing Mr Guy has taken so long to provide the final piece of correspondence,’’ she said.
<a href="mailto:staylor@propertyobserver.com.au">staylor@propertyobserver.com.au</a>
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staylor-63KgDrKwoY

Moreland residents receive early present as zoning changes

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A grand and historic building with 47 rooms surely has lots of potential. It could be a hotel, guest house, student accommodation, hostel, conference centre – or even a school.
After all, this imposing piece of Victoria’s early history does have form in that area – it is the original Geelong Grammar.
At 55 Maud Street, the Gothic Tudor style building, with rendered bluestone walls and slate roof, is for sale for $2,100,000.
As well as all those rooms, it has a large kitchen and dining/conference room, three bathrooms and relaxing back garden.
Laurie McGovan, of PRDnationwide Geelong, is selling the heritage listed building in conjunction with Andrew Lewis, of Colliers International. It was built over four levels in 1857/58.  There is a large front garden and rear second dwelling/ caretaker residence and courtyard.
The land size of 2100 square metres is zoned residential 1. It is on two titles with seven lots and a frontage to Maud Street of 44.81 metres. Wayne Thompson, on behalf of Colliers International, told Property Observer that they had conducted a host of inspections – maybe 200 - over the two and a half years the old school has been on the market. "It’s a property that captures the imagination but it does need some work and people put it in the ‘too hard’ basket."
He said the property was thought to be sold 18 months ago but the ‘buyer’ failed to settle and it was taken off the market. Six months ago it was relisted at $2.1 million.
The old Geelong architectural firm of Backhouse and Reynolds won a competition in the mid-1850s to design the school for 525 pupils and a master's residence. The foundation stone was laid in June 1857 by the Governor of Victoria, Sir Henry Barkly, with the Bishop of Melbourne and the Archdeacon of Geelong in attendance, the website Onmydoorstep reports.
The new school, built with four wings around a quadrangle, opened a year later.
However, in 1860 the school was forced into bankruptcy and closed – only to reopen in 1863 with a new group of trustees and the support of influential Western District squatters. Well known families such as the Armytages, Chirnsides and Manifolds have been associated with the school from this time. By the 1870s boarding played a significant role and, despite the depression causing a decline in student numbers in the 1890s, they soon increased again.
Some alterations and additions were undertaken from 1906-1909, including a single storey extension to the north wing. But, in 1911, the school moved to a 162-hectare site at Corio, on the outskirts of Geelong.
The former Geelong Grammar School is regarded as being of architectural and historical significance to Victoria as it is an important and substantial work of Backhouse and Reynolds.
Although a portion of the building has been demolished, the remaining section is illustrative of the original school. The use of the Gothic style, particularly in the quadrangle form, shows connections to prestigious British colleges.
Also, it is regarded as historic due to its association with the founding of one of Victoria's major private schools and by its association with the early development of education in Geelong.
<a href="mailto:staylor@propertyobserver.com.au"> </a><a href="mailto:staylor@propertyobserver.com.au">staylor@propertyobserver.com.au</a>
Correction: In a previous version of the article, the spokesperson was incorrectly referred to as Andrew Thompson. 
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Heritage listed original Geelong Grammar building back on the market

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A suburban medical centre in Geelong's Belmont has attracted buyer interest from more than 25 parties with just over a week to go before expressions interest close. 
The property is leased to Eastbrooke Medical Centres Pty Ltd, William Pardey Pty Ltd, Sonic Innovations Pty Ltd, Corio Bay Physiotherapy and Diabetes Australia – Victoria on multiple leases with options through to 2039. The centre has a net income of about $518,282.
Colliers International’s Andrew Lewis and Jonathon Lumsden have been appointed to sell the 75 -77 Roslyn Road property.
It has a total net lettable area of 1,146 square metres, comprising of 762 square metres on the ground floor and 384 square metres on the first floor.
“This is a medical freehold opportunity of 1,932 square metres of Business 1 zoned land,” said Mr Lumsden. “It is a recently completed, purpose-built medical centre, with strong lease covenants to several respected medical businesses.”
Expression of interest closes on November 28.
“With its central location, dual street frontage, on-site car parking and potential for future expansion (STCA), this property is attracting keen interest from savvy investors,” added Mr Lumsden.  
 
<a href="mailto:news@propertyobserver.com.au" target="_blank"> </a><a href="mailto:news@propertyobserver.com.au">news@propertyobserver.com.au</a>
 
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Over 25 parties show interest in Belmont, Geelong medical centre

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Melbourne's prominent Spaghetti Tree building in the heart of the CBD has been listed for sale for the first time in 42 years, with price expectations of more than $7.5 million.
The iconic corner building, located, at 59-63 Bourke Street, is home to the popular Spaghetti Tree restaurant and is scheduled to go under the auctioneers hammer on December 18.
<img src="/images/stories/2013/11/20/melbourne-nov-20-20.jpg" width="470" height="340" alt="melbourne-nov-20-20">
Photo courtesy of Google.
The four storey brick and concrete building has three existing tenancies all held under continuing leases, generating an estimated annual net income of $310,000.
The principal tenancy over the ground and first floor spaces is to Spaghetti Tree which has been in occupancy for some 25 years.
The current lease commenced in November 2011 for four years and includes one further four year option, at a current net rental of $229,000. The restaurant tenancy is also responsible for a portion of the building outgoings. Included in the lease terms are CPI annual increases with a market review on exercise of the option.
The second level is leased to the Asian themed Asuka Karaoke Bar, which has an annual rent of $64,502.
The third floor tenant is iconic Melbourne rooftop bar Madame Brussels. 
The tenancy is under a five year lease that commenced from June 21, 2011 with one further option of five years. The lease has 4% annual rental increases and a market review at the expiry of three years.
The upper level of the third floor plus the adjacent rooftop terrace is home to the Madame Brussels bar, nightclub and entertainment venue.
The occupancy is under a six year lease that commenced from December 1, 2011 with one further option for another six years.
Selling agents Kliger Wood Real Estate, in conjunction with Gross Waddell have been instructed to sell the property on behalf of the vendor, a private family.
The agents highlighted that the location was a key restaurant and theatre precinct and as a freehold site there was potential to subdivide into strata units (STCA).
“The corner location adds future redevelopment potential again subject to relevant permits," they said.  
<a href="mailto:news@propertyobserver.com.au" target="_blank"> </a><a href="mailto:news@propertyobserver.com.au">news@propertyobserver.com.au</a>
 
   
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Melbourne's iconic Spaghetti Tree CBD building listed for first sale in 42 years

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A big weekend ahead for Melbourne's Flinders Street open homes is coming up and it's worth grabbing your calendar out to flag them.With ten different properties to visit, make sure you have you have your day well planned.
From a $1,295,000 apartment in one of the more tightly-held ends of Flinders Street to a $153,000 studio, it's a wide-ranging street that typifies some of Melbourne's range of apartments.
<img alt="map-nov-20-one" height="265" width="470" src="/images/stories/2013/11/20/map-nov-20-one.jpg">
On 23rd November, the following are all open for your prying eyes to inspect. We've flagged them from one end of the street to the other and included the times. Let us know if you visit!
For some preparation tips, don't forget to <a target="_blank" href="https://www.propertyobserver.com.au/residential/nine-areas-to-check-at-open-for-inspections-karin-derkley/2012031553709">check off these nine areas when you're at the open home</a>. If, however, you're on the selling end - here are some <a target="_blank" href="https://www.propertyobserver.com.au/residential/ten-tips-to-prepare-your-home-for-an-open-for-inspection/2012041154147">tips on preparing your home for the open</a>.
 
<a target="_blank" href="https://www.hollyprestigeproperty.com.au/properties/residential/Apartment-Vic-Melbourne-115082743">24/60 Flinders Street </a>
$1,295,000 10.45AM - 11.15AM The top of the list is in the Herald Living building, which the advertisement screams is a 'Sex And The City' style apartment, with thirteen banks of wardrobe space. The two bedroom, two bathroom property (pictured below) has a $1,295,000 price tag.
Boasting a 1920s facade, high ceilings, open plan living, a large internal laundry, two car spaces, video intercom access and Tasmanian Oak floors, it'll be one of the more stylish weekend visits. It overlooks Federation Square. 
{yoogallery src=[images/stories/2013/11/20/melb]}
 
<a target="_blank" href="https://greghockingrealestate.com.au/real-estate/property/679543/for-sale/apartment/vic/melbourne-3000/14-140-flinders-street/">14/140 Flinders Street</a>
$415,000 1.45PM - 2.15PM
This two-bedroom, one-bathroom apartment(pictured below) has a separate home office, built-in wardrobes and a secure entrance.
It has stone benchtops and stainless steel appliances in the kitchen.
<img src="/images/stories/2013/11/20/melbourne_nov_20_two.jpg" width="470" height="353" alt="melbourne_nov_20_two">
 
<a target="_blank" href="https://www.realestate.com.au/property-apartment-vic-melbourne-115166031">1009/238 Flinders Street</a>
$249,950 12.00 - 12.30PM This one-bedroom one-bathroom apartment (pictured below)  is currently leased, however will be vacant "shortly". It overlooks Flinders Street Station, Federation Square, Government House and the Dandenong Ranges. It's 42 square metres, practical, and estimates outgoings at $4,500 per annum, with a rental estimate of $20,540 per annum - or 8.3% yield.
<img src="/images/stories/2013/11/20/melbourne_nov_20_three.jpg" width="470" height="353" alt="melbourne_nov_20_three"> <a target="_blank" href="https://www.hockingstuart.com.au/UNIT_1906_532-536_FLINDERS_STREET_MELBOURNE_VIC_3000">1906/532-536 Flinders Street </a>
$430,000 1.00PM - 1.30PM In the 'Aura' development, this two-bedroom apartment (pictured below) has views of the Yarra. The apartment has a security entrance, entrace foyer, low maintenance kitchen with stainless steel appliances, a large balcony and laundy facilities.
<img src="/images/stories/2013/11/20/melbourne_nov_20_four.jpg" width="470" height="353" alt="melbourne_nov_20_four"> <a href="https://www.ereal.com.au/index.php/residential-for-sale/1003-residential-for-sale-2021-3303" target="_blank">534 Flinders Street</a>
Price on application 10.30AM - 11.30AM On the 25th floor of 534, this is a brand new two-bedroom apartment. The living area is double-glazed from floor to ceiling and both bedrooms have built-in wardrobes.
The kitchen area has stainless steel appliances, and there's internal storage. The balcony is east-facing, with sunlight and views of the Yarra River and Crown Casino.  
 
<a target="_blank" href="https://www.ereal.com.au/index.php/residential-for-sale/863-residential-for-sale-2021-3154">546 Flinders Street</a>
$153,000 1.30PM-2.00PM This studio apartment (pictured below) with security entrance and communal laundry facility is currently leased for $240 per week, however doesn't have a 'student only' restriction. It has one bathroom with a shower.
<img alt="melbourne-nov-20-10" height="353" width="470" src="/images/stories/2013/11/20/melbourne-nov-20-10.jpg">
 
<a target="_blank" href="https://cityresidential.harcourts.com.au/Property/532572/VCE4459/1301-555-Flinders-Street">1301/555 Flinders Street</a>
$365,000 - $385,000 2.00PM - 2.30PM Currently vacant, the rental estimate is $420 to $440 per week. In the North Bank complex, on the 13th floor, it has floor to ceiling windows. The one-bedroom, one-bathroom, one-car space property (pictured below) has a modern bathroom, kitchen area and built in wadrobe.
<img alt="melbourne_nov_20_six" height="353" width="470" src="/images/stories/2013/11/20/melbourne_nov_20_six.jpg"> <a target="_blank" href="https://www.hollyprestigeproperty.com.au/properties/residential/Apartment-Vic-Melbourne-115014591">1125/555 Flinders Street</a>
$650,000 12.00PM - 12.30PM
With views of Soutbank, this two-bedroom, two-bathroom apartment has double glazed windows around the living area, a study, a separate chefs kitchen and a large dining area.
With some more stylistic elements, such as Shoji screens, a wall of mirrored wardrobe space and fully tiled bathroom, there are also more functional elements such as two storage cages, video intercom and an on site building manager.
The current owner renovated this property (pictured below).
<img alt="melbourne_nov_20_seven" height="353" width="470" src="/images/stories/2013/11/20/melbourne_nov_20_seven.jpg">
 
<a target="_blank" href="https://www.ljhooker.com.au/E4HC2/2-bedroom-apartment-for-sale-melbourne">105/565 Flinders Street</a>
$430,000 - $450,000 2.00PM - 2.30PM This two-bedroom, one-bathroom north facing apartment is within the North-Bank complex. With open plan living, with floor to ceiling windows, a balcony, mirrored built in wardrobes and stainless steel appliances in the kitchen, it's currently leased at $480 per week.
<img alt="melbourne-nov-20-eight" height="330" width="470" src="/images/stories/2013/11/20/melbourne-nov-20-eight.jpg">
 
<a target="_blank" href="https://propertyx.com.au/property/outstanding-value/">407/565 Flinders Street</a>
Auction (over $400,000 - advertised for offers over $460,000) 12.00PM - 12.30PM Around 75 square metres, this is a two-bedroom, two-bathroom offering (pictured below). It has a 'European style kitchen' is 'hardly used' and has one car park space that is underground.
<img alt="melbourne-nov-20-nine" height="353" width="470" src="/images/stories/2013/11/20/melbourne-nov-20-nine.jpg">
 
<a target="_blank" href="mailto:jduke@propertyobserver.com.au">jduke@propertyobserver.com.au</a>
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One street, one day, 10 open homes: Flinders Street, Melbourne

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A preliminary clearance rate of 70.3% was reached from 1,119 auction results so far this week in Melbourne.
This was the third largest auction weekend this year and the seventh with over 1,000 auctions scheduled this year for the city.
As the Melbourne market heads to the end of the year it appears that buyers won’t be confronted by price rises of any significance.
After a year of ongoing moderate growth, demand seems to have found a new level. Results over the last fortnight and a recent reduction in Melbourne home values of 0.5% over the last month according to the RP Data-Rismark Daily Home Value Index suggests a pause in the current growth cycle.
Time on market for houses sold by private sale remain healthy at 34 days up only slightly from last weeks 33 days.
 
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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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Buyers won't see price rise by end of the year: RP Data's Melbourne weekend auction analysis

<html><body>Australian Property Monitors (APM) has released a list of results from 764 auctions in Melbourne for the weekend of  November 16. <a target="_blank" href="https://www.homepriceguide.com.au/saturday_auction_results/Melbourne.pdf" rel="nofollow" style="font-size: 14px;">Click here</a> for the auction results, and click on each street address to see the property's marketing.</body></html>

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