Private equity real estate firm Conquest has entered into a $220 million partnership with Woolworths’ development arm, Fabcot, to deliver its long-awaited Waterloo project on Bourke Street.

The Bourke Street development was first flagged by Fabcot back in 2021 as part of its push into Sydney’s residential market. However, progress has since stalled, with no activity on site amid a number of design revisions in consultation with the City of Sydney.

<a href="https://www.apartments.com.au/developers/conquest">Conquest</a>, which is actively planning more than $6 billion worth of new developments, predominantly mixed-use precincts, is now set to move the project forward.

The current plans include between 110 and 120 apartments across two buildings designed by Bates Smart at <a href="https://www.apartments.com.au/new-apartments/923-935-bourke-street-waterloo-nsw-2017">923 Bourke Street</a>. The scheme will incorporate a portion of apartments reserved for key workers, alongside premium commercial space at ground level, including a full-line Woolworths supermarket.

Construction is expected to commence in the second half of 2026.

Michael&nbsp;Akaawi, CEO of Conquest, said the partnership reflects the firm’s commitment to "convenience-led" urban renewal."

"We are preparing to commence construction in the second half of this year," Akaawi says.

"Along with Woolworths, we look forward to delivering the first major supermarket to the growing Waterloo community, integrated with premium new apartments and specialty retail shops. Our focus is on creating a seamless lifestyle hub where essential services are at the doorstep, saving residents time and enhancing their quality of life."&nbsp;

<img alt="Conquest" data-entity-type="file" data-entity-uuid="d8beee83-ef9b-446b-a3b3-1e2fe596512b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-01%20at%2011.08.46%E2%80%AFAM.png?VersionId=raYhGepiLUJfx4InLPRRJduA3ftDJ_kS" />

The news comes just a week after Conquest went to the NSW Government to upsize its plans for Castlecrag's Quadrangle Shopping Centre.

Conquest purchased the site for just shy of $70 million last year, with existing plans in place for a mixed-use residential and retail precinct comprising 38 luxury apartments.

Those plans have now been significantly expanded, with the developer lodging a State Significant Development Application with the NSW Government’s Housing Delivery Authority for 150 apartments across two 11-storey buildings. The apartments will sit above a four-storey podium, incorporating specialty retail tenancies and five levels of basement car parking, on the 5,166 sqm site at&nbsp;<a href="https://www.apartments.com.au/new-apartments/100-edinburgh-road-castlecrag-nsw-2068">100 Edinburgh Road</a>.

Conquest has been increasingly active in the development space in recent years. The group acquired the&nbsp;<a href="https://www.apartments.com.au/developments/eastlakes-nsw-2018">Eastlakes</a>&nbsp;Shopping Centre redevelopment, where it plans to deliver more than 1,000 apartments above a new retail precinct, and has also lodged a $900 million State Significant Development Application for a&nbsp;<a href="https://www.apartments.com.au/news/nsw/conquest-unveils-900m-stanmore-village-vision-for-landmark-inner-west-site">mixed-use precinct in Stanmore</a>.

Joel Robinson

Conquest partners with Woolworths to deliver mixed-use Waterloo project

A shift away from Sydney’s industrial past has left parts of the inner south defined by contrast, brick warehouses repurposed into dining precincts, former factory streets softened by landscaping and pedestrian activity.

Rosebery is one of those suburbs. Over the past decade, it has undergone significant gentrification, anchored by The Cannery, which has helped reposition the area as one of the inner city’s most sought-after lifestyle pockets.

What hasn’t kept pace with that transformation is new residential supply, which has remained relatively limited. Builder-developer Deicorp identified that gap early, securing a site in 2019 and delivering what is now one of the suburb’s most architecturally distinctive developments.

To realise the vision, Deicorp engaged Candalepas Associates to design The Rothschild, a project that is immediately recognisable from the street.

Completed in 2025, The Rothschild comprises two buildings across Rothschild and Mentmore Avenues, delivering 176 apartments. The development replaces a former industrial site, retaining a material and structural dialogue with its past while introducing a more resolved residential framework. The scale is deliberate but not monolithic, broken into forms that engage both street frontages, with retail at ground level and two levels of basement parking below.

[smartcode_project:default project_id=106843 project_image_fid=221665]

From the street, the architectural intent is clear. Off-form concrete columns run through the façade, establishing a repeated structural rhythm that gives the building its visual weight. These are paired with deep-set arches and sections of exposed brickwork, creating a layered elevation that reads less like a typical apartment block and more like a reinterpretation of industrial architecture.

The material palette is intentionally restrained, with concrete left exposed and brick used to define mass rather than decoration. The result is a building that stands out through proportion and repetition, rather than height or glazing.

This approach continues internally. A central landscaped courtyard sits between the two buildings, anchored by an olive grove that acts as both a visual and spatial focal point. Rather than functioning as residual space, the courtyard is designed as a shared ground plane, where circulation paths, seating areas and planting come together to create a usable communal environment. Its positioning allows natural light to penetrate deep into the site while maintaining separation between residences.

[smartcode_project:default project_id=106843 project_image_fid=221666]

Within the apartments, the planning follows a clear and functional logic. Entry points lead directly into open-plan living areas, with kitchens positioned as central elements alongside dining and lounge spaces. These zones extend to balconies or external openings, maintaining a visual connection to either the courtyard or the street.

Kitchens prioritise practicality, with generous bench space, ample storage and European appliances configured for everyday use. Bedrooms are typically set back from the main living areas, creating quieter zones within each residence, with separation achieved through layout rather than material change. Bathrooms are compact but efficient, incorporating mirrored cabinetry and integrated storage to maximise space. Across all residences, the emphasis is on clarity of movement and functional planning.

[smartcode_project:default project_id=106843 project_image_fid=221669]

At ground level, retail and hospitality uses extend the building’s presence beyond its residential function. A café or restaurant space, alongside communal amenities such as a music room and rooftop areas, positions the development as part of a broader urban network rather than a standalone project. These shared spaces reinforce a lifestyle where the building operates as an extension of the surrounding neighbourhood.

Rosebery’s proximity to Green Square, The Cannery and nearby parklands supports this model of living, where much of daily life is within walking distance. The Rothschild sits comfortably within that network, contributing to the streetscape through its distinctive architecture, while internally organising space around light, structure and communal use.

The Rothschild is now complete and ready to move in, with limited residences remaining.

[smartcode_project_cta:default project_id=106843]

The Rothschild reinterprets Rosebery’s industrial DNA into residential form

KTQ has unveiled&nbsp;<a href="https://www.apartments.com.au/new-apartments/casilia-16-marine-parade-coolangatta-qld-4225">Casilia</a>, the final residential release within the Kirra Point precinct which really kicked off the boom in the area back in 2019.

The final stage comprises&nbsp;87 residences and marks the culmination of a long-term, family-led vision for Kirra Point, as the precinct moves toward completion in tandem with the development.

Around $100 million in sales have been achieved already, close to 35 per cent of the residences secured ahead of launch. There have been a significant number of buyers returning from the first stage of the development, Miles Residences, securing another property within Kirra Point.

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Selling agent Tim Keenan from Keenan Byrne said the response reflects both the scarcity of the offering and Kirra’s growing reputation as a premium coastal market.

“This is effectively Kirra’s final act, the last release within what has become one of the Southern Gold Coast’s most tightly held beachfront precincts,” Keenan said.

“We’ve seen exceptionally strong pre-sale interest, from VIP waitlists through to off-market enquiry, which speaks to both the quality of the product and the confidence buyers have in the precinct. What’s particularly compelling is the number of buyers returning from Miles, either upgrading or investing again, which is a strong signal of how the precinct has been received."

Keenan adds that at the same time, north-facing beachfront remains exceptionally rare in Australia, limited to places like Noosa, Byron and Kirra, which is underpinning long-term value.

[smartcode_project:default project_id=152295 project_image_fid=368415]

Positioned along one of Australia’s few true north-facing beaches, Casilia offers a mix of two and three-bedroom residences with pricing ranging from $1.87 million to $7.15 million and two exclusive penthouses. Residences are oriented to capture varying outlooks, from uninterrupted Pacific Ocean views across Kirra Beach to hinterland vistas, with upper levels and shared amenity taking in sweeping perspectives along the Gold Coast coastline.

At rooftop level, a north-facing pool deck captures expansive, uninterrupted views over Kirra Beach and north towards Surface Paradise. The space incorporates a heated resort-style pool, mineral spa, sun lounges and a covered BBQ cantina.

Buyer profiles are broad, typically aged between 40 and 70, with a strong skew toward second-home ownership, drawn by a combination of lifestyle, relative value, proximity to Gold Coast Airport and lower congestion compared to more established markets such as Byron Bay and Noosa.

[smartcode_project:default project_id=152295 project_image_fid=368414]

The project is being delivered by <a href="https://www.apartments.com.au/developers/ktq-group">KTQ Group</a>, a family-owned Australian property group with a diverse portfolio spanning residential, hospitality and commercial developments. The group has delivered a number of notable projects across sectors, including the award-winning Elements of Byron resort, demonstrating its depth of experience across both hospitality and residential development.

Known for its long-term approach to place-making, KTQ Group retains a vested interest in its projects, often holding assets within its portfolio, which has also helped build trust among buyers and reinforced confidence in both the vision and delivery certainty of the precinct.

“Casilia represents the final opportunity to secure a residence within Kirra Point and brings to market the last release within our long-term vision for the precinct," KTQ Group's Jeremy Holmes said.

"Kirra Point has been more than a decade in the making, and that timeframe reflects the care behind each decision, it takes listening, balance and vision to arrive at something that feels right for the location.

“Our approach has always been to deliver Kirra Point as a destination in its own right, a connected coastal neighbourhood integrating residential, hospitality and wellness, rather than a standalone project. It’s a vision that respects place, pace and permanence, and contributes to a sense of community that feels authentic to Kirra.”

[smartcode_project:default project_id=152295 project_image_fid=368411]

Once complete, the Kirra Point masterplan will incorporate a mix of dining establishments, bars and cafés, alongside the Kirra Point Health Club and a future 91-room independent resort hotel, creating a walkable, integrated lifestyle precinct.

Architecutue and interiors at Casilia have been designed by the experienced design houses of <a href="https://www.apartments.com.au/architects/little-boat-projects">Little Boat Projects</a> and O’Neil Architecture &amp; Interior Design, The design moves beyond the conventional coastal apartments, instead taking cues &nbsp;from the surrounding landscape - layering natural materials, soft curves and warm textures to create spaces that respond to light, airflow and the rhythms of coastal living.

Residences are designed with an array of floorplates, generous proportions and intuitive flow, while at ground level Casilia connects into the broader precinct, where future laneways, retail and hospitality offerings will contribute to a neighbourhood defined as much by how people live day-to-day as its beachfront position.

[smartcode_project_cta:default project_id=152295]

The final residential release within the Kirra Point masterplan is set to launch, as strong pre-sales signal sustained demand for the Southern Gold Coast

A decade in the making: KTQ launches Casilia at Kirra Point

South East Queensland developer&nbsp;<a href="https://www.apartments.com.au/developers/gardner-vaughan-group">Gardner Vaughan Group</a>’s entry into the Gold Coast apartment market has progressed from pipeline to market, with its Chevron Island project Bronze on Chevron now formally available to purchase ahead of a planned 2029 completion.

The 119-apartment development on Mawarra Street marks the Brisbane-headquartered builder-developer’s first residential play in the Gold Coast, following its expansion south from Brisbane and the Sunshine Coast.

<a href="https://www.apartments.com.au/new-apartments/bronze-on-chevron-8-mawarra-street-surfers-paradise-qld-4217">Bronze on Chevron</a> comprises a mix of two-, three- and four-bedroom residences, with pricing starting from just over $1.5 million. The project is being delivered under Gardner Vaughan’s fully integrated model, with the group acting as both developer and builder, a structure it has consistently applied across its South East Queensland portfolio.

[smartcode_project:default project_id=107520 project_image_fid=367182]

Architecture has been designed by <a href="https://www.apartments.com.au/architects/cottee-parker-architects">Cottee Parker</a>, with landscape architecture by <a href="https://www.apartments.com.au/landscape-architect/jeremy-ferrier-landscape-design">Jeremy Ferrier</a>. The building presents as a single-tower scheme, with a focus on maximising outlook across both the Surfers Paradise skyline and the Nerang River.

Apartments have been planned with open-plan living zones extending to generous balconies, a response to the site’s dual-aspect positioning between river and ocean. Interiors follow a restrained coastal palette, with two colour schemes offered, and an emphasis on natural light and cross-ventilation.

[smartcode_project:default project_id=107520 project_image_fid=367181]

Resident amenity is concentrated across more than 1,250 sqm and includes a resort-style pool, gym, yoga lawn and rooftop entertaining areas. A function space with catering facilities forms part of the upper-level offering, alongside north- and south-facing outdoor areas.

Ground level will incorporate two retail tenancies, intended to extend the existing village character of the surrounding streets.

&nbsp;

[smartcode_project:default project_id=107520 project_image_fid=367200]

The project sits within walking distance of Thomas Drive’s established dining strip, while maintaining proximity to <a href="https://www.apartments.com.au/developments/surfers-paradise-qld-4217">Surfers Paradise</a> beach and broader Gold Coast amenity. The location, positioned on Chevron Island between the river and coastline, has increasingly attracted mid- to high-density development in recent years as the precinct evolves beyond its low-rise origins.

Gardner Vaughan’s move into the Gold Coast was first signalled in 2025, with the group identifying the region as a natural extension of its operations. Chief Executive Officer Simon Betteridge described the expansion as both “strategic and natural”, citing demand for well-designed apartments in lifestyle-driven markets.

Construction is expected to complete in early 2029.

[smartcode_project_cta:default project_id=107520]

Gardner Vaughan brings Bronze on Chevron to market as Gold Coast debut

One of the penthouses at Lily Lane, the latest stage of Carrington Place by Ellipse Property, has set a new local apartment price record.

The four-bedroom residence, purchased by a local downsizer, sold for $5.75 million—around 75 per cent higher than the previous record of $3.3 million.

Over 40 per cent of the first release of apartments at&nbsp;<a href="https://www.apartments.com.au/new-apartments/lily-lane-at-carrington-place-castle-hill-32-carrington-road-castle-hill-nsw-2154">Lily Lane</a> have already been snapped up just six weeks since it launched to the market.

&nbsp;

Located at 32 Carrington Road, <a href="https://www.apartments.com.au/developments/castle-hill-nsw-2154">Castle Hill</a> and designed by award-winning architects <a href="https://www.apartments.com.au/architects/ptw">PTW</a>, Lily Lane is directly opposite the Hills Showground Metro station. It offers a total 213 units over two 12-storey towers - a mix of 67 one-bedroom, 100 two-bedroom and 46 three-bedroom apartments - with a ground-floor retail offering.

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Blake Schulze, National Director – Residential at <a href="https://www.apartments.com.au/project-marketer/colliers">Colliers</a>, says around 44 per cent of buyers are&nbsp;owner occupiers, with 35 per cent being investors and 21 per cent first homebuyers.

“Developments of this calibre are very rare in the Hills District, and Lily Lane’s sales success demonstrates the depth of demand for over-sized apartments that genuinely compete with freestanding homes," Schulze says.

"We are seeing particular demand from downsizers who want to remain in the area but transition into spacious, high-quality apartment living."

On the penthouse sale, it says it shows buyers&nbsp;are prepared to pay a premium for scale, quality, and direct access to the Metro.

[smartcode_project:default project_id=151821 project_image_fid=368351]

One-bedroom apartments are sized from 50-72 sqm with prices starting at $745,000, while two-bedrooms are priced from $990,000 with sizes from 75 to 132 square metres. Three-bedroom floorplans are sized between 97 and 182 sqm,, with prices starting at $1,395,000.&nbsp;

The three remaining penthouses, spanning up to 262 sqm, are priced from $2.9 million.

Over 75 per cent of apartments include dedicated studies, multipurpose rooms or family rooms, with select layouts offering walk-in pantries and laundries. Apartments are appointed with premium Miele appliances including ovens, washing machines, dryers, gas cooktops and dishwashers, while larger residences also incorporate integrated Miele microwaves, Fisher &amp; Paykel integrated refrigerators and five-burner Miele cooktops.

[smartcode_project:default project_id=151821 project_image_fid=360285]

Lily Lane will be constructed by award-winning iCIRT-rated builder <a href="https://www.apartments.com.au/builders/decode">Decode Group</a>, with construction to commence in mid-2026 and expected to complete early 2029.

Carrington Place comprises more than 800 apartments and is being delivered across multiple stages, with completion expected in 2032. Integrated with neighbouring bushland, the project will feature over 20,000 sq, of outdoor recreational area, including a one-kilometre boardwalk to Fred Caterson Reserve.&nbsp;

The Hills Showground Metro Station is just a two-minute walk away, offering fast connectivity to Sydney’s CBD, North Sydney, Chatswood, Macquarie Park and Norwest Business Park.

[smartcode_project_cta:default project_id=151821]

Ellipse sets Castle Hill apartment record with $5.75 million Lily Lane penthouse sale

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?

Nearly a year after purchasing the former Leo's Fine Food &amp; Wine supermarket in Kew for a reported $52 million, Melbourne developer <a href="https://www.apartments.com.au/developers/orchard-piper">Orchard Piper</a>, in a consortium with billionaire James Packer, has filed development plans for the site.

The proposal includes just under 200 apartments on the 6,835 sqm block, which spans <a href="https://www.apartments.com.au/new-apartments/26-36-princess-street-kew-vic-3101">26-36 Princess Street and 11-15 Brougham Street</a>. Approval is being sought through the Department of Transport and Planning’s (DTP) Development Facilitation Program (DFP).

The buildings, designed by Wardle, will vary in scale and rise up to 18 storeys. One-, two-, three- and four-bedroom apartments will be offered, along with townhouses. Ten per cent of the total dwellings will be allocated to key worker housing.

The development will also include 19 new retail premises, comprising a mix of shops, restaurants and cafés, including a dedicated space for a high-quality produce offering similar to Leo’s.

<img alt="Kew" data-entity-type="file" data-entity-uuid="67cc85a5-a9d8-4eaa-95ae-fd93762d3297" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-04-29%20at%208.15.07%E2%80%AFAM.png?VersionId=_p57VJNE2w16xNXB4ISvu3mnVHDDk86R" />

Orchard Piper noted the development is "designed to revitalise the Junction with high-quality housing and retail, while also improving the public realm."

"Assembling an expert team, we've been working with leading architects Wardle and landscape architects Oculus on a site-sensitive design. Wardle is one of Australia's pre-eminent architectural practices, and its founder, John Wardle, is a former long-term Kew resident with an intimate knowledge of the area.

"After close to a year refining the plans, our current opposition embodies Kew's unique character and meets the community's needs, including detailed consideration of the surrounding building design, streetscape conditions and broader planning context."

On top of the extensive retail component, the opportunity to deliver offsite public realm works, involving the council owned land to the south, would include a comprehensive new landscaped laneway strategy that connects Athenaeum Place into the site, a new public park, and the relocation of the public parking currently on the site to the adjoining council land.

<img alt="Kew" data-entity-type="file" data-entity-uuid="02da73ff-e9d9-4e6a-8b6c-75c6f4cb3b01" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-04-29%20at%208.15.12%E2%80%AFAM.png?VersionId=NXlzip8H0suSqc.X2H6nLKZr6LB1joJ." />

Orchard Piper, led by Luke Mckie and Rick Gronow, is currently delivering The Carter building on St Kilda Road and One Toorak Place in Toorak village.

Kew has been a popular suburb for new development in recent years. The likes of Piccolo, ANGLE, and Carpe are delivering projects in the area.

&nbsp;

&nbsp;

First look: Orchard Piper, James Packer's Kew development revealed

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Architect Andrew Piotrowski and his interior designer wife Marika Brand have put their five-bedroom Beaumaris home on the market with price expectations of above $4 million.
Located on Tramway Parade, the 900-square-metre property boasts 180 degree bay views through four-metre high atrium windows and features rooftop terraces.
The property features a self-contained apartment, home theatre and games room, an indoor pool, a wine cellar and a lift.
The self-contained apartment includes a bedroom and ensuites with a bluestone-surrounded wood fire and its own garden and entrance.
Real estate agent Marshall White says the bayside home is one of the most expensive properties to be offered in the suburb.
The property at 1 Point Avenue holds the crown for the suburb's most expensive, having sold in 2009 for $4,010,000.
It features four bedrooms and four bathrooms and is situated on a 746-square-metre block.
<a href="https://7tramwayparadebeaumaris.com/gallery" target="_blank">The current Tramway Parade home is listed</a> by Rae Tomlinson and Rob Strickland of Marshall white with EOI closing May 7.
The high-end Beaumaris auction scene has been quiet in recent years but back in 2009 there was also 20-22 Balcombe Park Lane that sold for $1,880,000 and 74 Tramway Parade at $1.72 million in 2008.
In 2006 a large modern house at 9 Point Avenue with a reserve of $2.275 million, was passed in at $2.1 million.
In 2005 the cliff-top home at 1 Point Avenue was passed in on a vendor bid of $2.7 million, with a reserve of $2.99 million.
The median house price in Beaumaris according to RP Data is $970,000.
Beaumaris currently has a clearance rate of 50% for 2013, with only 13 properties selling out of a total of 26 auctions, according to <a href="https://www.reiv.com.au/Property-Research/Auction-Map/Clearance-rates" target="_blank">Real Estate Insitute of Victoria.</a>
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Beaumaris home one of most expensive offered in the suburb at $4 million

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Depite the obvious strengthening in the 2013 property market, there has only been a slight improvement in estate agent price estimations since the Easter break.
Melbourne agents have seemingly slightly tweaked their auction sale price expectations, according to the latest Property Observer analysis.
But homes that sell at auction are still selling well above pre-auction price guides provided by agents, albeit by a slightly reduced amount.
Before Easter, a survey of 142 Melbourne auction sales found <a href="https://www.propertyobserver.com.au/victoria/melbourne-autumn-residential-auction-prices-fetching-well-above-price-guides/2013041160327">83% of sales fetched above pre-auction price guides</a>. Those 83% sold, on average, for 9.55% above the upper price bracket of the pre-auction price guide indication.
A new post-Easter survey of 69 Melbourne auction sales has found slightly more sales, 86%, exceeded price guides but they were slightly closer to the upper price bracket – an average of 8% over.
Of the 69 sales analysed, 22, or 32%, of them sold more than 10% above the upper price bracket. That’s compared to 30% of the pre-Easter auction sales.
The shift in near accuracy - or buyer over-bidding hestitation - came amid the homes selling for more than $1 million.
Before Easter, 91% of homes analysed which sold for more than $1 million went for above pre-auction price estimates. And 48% went for more than 10% above the upper price bracket of the price guide.
Those that sold above went for an average of 15% over.
But in the post-Easter results for the $1 milllion plus category, 85% sold for above pre-auction price estimates and 23% for more than 10% above.
Those that sold above went for an average of just 5.3% over.
The analysis comes from auction results recorded by National Property Buyers. The sales are usually desirable homes that National Property Buyers deems to somewhat worth buying for investors.
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Only a mild improvement in Melbourne auction price guidance since Easter break

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The veteran Channel 7 weatherman David Brown has embarked on a new career in real estate.
He has his first listing at <a target="_blank" href="/news">Park Orchards</a>.
The meteorologist has signed on with Hoskins Real Estate in Melbourne's east having been replaced in his prime-time news slot by former Olympic swimmer Giaan Rooney.
He stays on at Seven as network meteorologist covering special weather events for shows including Sunrise, Sunday Night and Today Tonight.
The Hoskins director John Hoskins said the long-time Park Orchards resident had join <a target="_blank" href="https://www.hoskins.com.au/about/company-profile/">the sales team at the Donvale office</a>.
Brown is yet to be added to the sales team featured on the company office website, or website page, but has a page on <a href="https://www.propertyobserver.com.au/https://www.thehomepage.com.au/agent/david-brown/31540" target="_blank">thehomepage</a> website.
<img alt="davidbrownapril26one" height="346" width="470" src="/images/stories/2013/04/davidbrownapril26one.jpg">
His listings include a <a target="_blank" href="https://www.realestate.com.au/property-house-vic-park+orchards-113584487">Park Orchards house</a> with $740,000 plus hopes which he has described as a "hidden treasure" with "sturdy bones" that is "soaked in northern light" with a "heart warming ambience."
The house comes with split-system air-conditioner.

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David Brown set to find that property prices can be almost as unpredictable as the weather

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The Vizard family have bought in South Yarra, some six months after selling in St Kilda.
Its a late 1970s Caroline Street Graeme Dunn-designed architectural landmark bought from the Redlich family. Its selling agent Tim Derham at Abercromby's Armadale marketed it as "significant for the integrity of its design, irresistible for the family success of its spaces – deserving of its landmark status."
Its living, dining and entertaining spaces come with natural light from northerly aspects along with having a study/library with a courtyard and a separate kitchen/dining domain that has some contemporary elements introduced after the 1978-design of the home that sits on 584 square metres.
Title Tattle recalls the property last traded at $70,000 in 1977 when bought by the late lawyer Peter Redlich and his wife, Sally. Then shortly after its completion it appeared in a 1980 Australian Home Beautiful under the heading, "A No-frills Lifestyle".
Last October the former TV personality turned broadcasting entreprenuer Steve Vizard and wife Sarah sold their St Kilda mansion, Clendore, a three-storey Italianate Victorian with 17 rooms and a rooftop pool for around $8 million.
It was been bought by former champion skateboarder and streetwear fashion entrepreneur Peter Hill, <a target="_blank" href="https://www.propertyobserver.com.au/victoria/globe-international-co-founder-peter-hill-sells-hawthorn-s-invergowrie-for-likely-%2420-million/2013042460697">who recently sold Invergowrie, the 1.1 hectare Hawthorn estate for an estimated $20 million</a>, as reported by Property Observer.
Vizard and wife Sarah, who renovated the seven-bedroom, 10-bathroom home after paying $3.96 million in 2004, took a year to sell the Fitzroy Street property, <a href="https://www.propertyobserver.com.au/victoria/melbourne-businessman-steve-vizard-sticks-with-%248-million-plus-hopes-for-st-kilda-mansion-clendore/2012070855470">which was listed with $8 million-plus hopes</a>. It came with 15-person lift.
Title Tattle can't quite get an accurate sale price indication on the South Yarra house which sold earlier this month following a $3.8 million price expectation, but the last house sale on Caroline Street was a double-fronted Victorian with its Peter Carmichael redesign sold by the Liberman family.
Set on an 895-square-metre block, it sold through Darren Lewenberg and Gowan Stubbings at Kay &amp; Burton for $3.625 million late last year to the Harris family.
The modern home behind its Victorian façade had been briefly listed in mid-2011 with $4 million-plus hopes, which were revised to $3.75 million plus.
Graeme Gunn was the head of the School of Architecture and Building at RMIT University (1972–1977) then foundation Dean of the Faculty of Architecture and Building at RMIT University (1977–1982).
He has received a number of architectural awards for his design and practice including the RAIA Victorian chapter president’s award for Lifetime Contribution to Victorian Architecture (2001) and in 2011 he was awarded the Gold Medal for his lifelong contribution to architecture by the Australian Institute of Architects.
He is currently a Director of Gunn Dyring Architecture and Urban Design along with Sophie Dyring.
In <a target="_blank" href="https://www.architecture.com.au/i-cms?page=15324">an AIA 2011 recollection</a> Gunn noted the Redlich house was among his seminal courtyard houses where he explored the integration of useable open space as an adjunct to those spaces within buildings. Gunn is mooted to be commissioned to modernise the home for the Vizards.
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Steve Vizard buys into "no frills" South Yarra after selling in St Kilda to Peter Hill: Title Tattle

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A bluestone church in Hexham, Victoria, has been listed for sale, just 50km south-east of where a church in the southern Grampians sold recently for double pre-auction price expectations.
The 1862-built St Andrews Uniting Church has reported price expectations of between $150,000 and $200,000.
It is being sold by Rob Rickard from Elders in Mortlake and Camperdown.
<a target="_blank" href="https://www.propertyobserver.com.au/victoria/dunkeld-church-sells-for-nearly-double-expectations/2013041560397">A 1914-built church</a> in Dunkeld, 250 kilometres west of Melbourne, sold earlier ths month for $230,000, which was nearly double its price expectations going into auction.
The vendor bought the latest listing, a Hexham building, at <a href="https://www.realestate.com.au/property-other-vic-hexham-113453443">Roger Street</a>, from the Uniting Church two years ago and made some slight alterations before deciding to now sell.
“He’s decided he doesn’t have the time to put in it, but feels that somebody else should have the opportunity,” Rickard told Fairfax Media.
Rob Rickard was the selling agent in February 2010 when it sold for $162,000, almost triple its reserve of $60,000. There were 200 people at that auction with bids coming from New South Wales, South Australia and Melbourne.
The church closed in 2009 due to a dwindling congregation.
The auction includes the pews and pulpit.
Planning documents say the church is one of the oldest churches in the district with a distinctive crenellated bell tower and landscaping.
According to heritage documents it was designed by Andrew Kerr of Warrnambool “in a most unusual castellated mode”.
It was formerly a Presbyterian church, St Andrews.
Other buildings of heritage interest in the town include the Temperance Hall built in 1876, and the police building built in 1860.
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Hexham's 1862 church listed in Grampians

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Peter Hill, the skateboarding Globe International co-founder and his wife, Angela have sold the colonial-gothic style mansion, Invergowrie Estate, on 1.1 hectares in Hawthorn.
The hush hush sale of the Coppin Grove home - once a finishing school for the city's young ladies - has probably fallen short of setting a record price for the Melbourne market.
The sale estimates are $20 million plus, possibly in two separate sales. It cost $10.75 million in 2002. The buyers are undisclosed using solicitors, Arnold Bloch Leibler as their intermediaries.
The first president of the Legislative Assembly, Sir John Palmer, began building the estate in 1846 which comes with a tennis court, fountain, botanic gardens and a sweeping driveway.
There were five buildings on the estate, including a free-standing hall, an annexe, stables of convict-mined bluestone converted into a guest house when last sold.
The $24 million sale in 2010 of the former Baillieu family estate on St Georges Road, Toorak to the soft-drink magnate Harry Stamoulis ranks as the Melbourne bigtime sale from January 2010. The title of Victoria's most expensive residential property is currently held by clifftop Portsea mansion Ilyuka, which sold for $25 million in December 2010.
Invergowrie (pictured below) is listed on the Victorian Heritage Register.
<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/stories/2013/04/invergowrieapril24one.jpg" alt="invergowrieapril24one" width="470" height="303">
At one time it was owned by theatrical entrepreneur George Coppin, who is said to have tried to demolish it. The building was saved when businessman Sir William McPherson bought it. Sir William (pictured below) rose to political heights as premier of Victoria in 1928.
<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/stories/2013/04/invergowrieapril24two.jpg" alt="invergowrieapril24two" width="250" height="347">
On his death, the property was handed over to the Association of Headmistresses of Independent Schools when it became the Invergowrie Homecraft Hostel and was later headquarters of the Victorian Post Secondary Education Commission.
It was bought by the Coogi knitwear entrepreneur Jacky Taranto in 1992 for $2.7 million who sold in 2002 to the Hills.
It was last October when the Hill's boght in St Kilda from the former TV personality Steve Vizard who sold his St Kilda mansion, Clendore.
The three-storey Italianate Victorian with 17 rooms and a rooftop pool was sold by Vizard and wife Sarah who had renovated the seven-bedroom, 10-bathroom home after paying $3.96 million in 2004.
There is a rooftop Paul Bangay-designed garden above the grand colonnaded building, which sits on a 782-square-metre Fitzroy Street block.
The mansion has a 15-person Schindler commercial double-door lift that connects all four floors.
One of the original three adjoining terraces was the home of Sir Graham Berry, the distinguished radical politician, for several years.
Images courtesy of the State Library of Victoria and The Invergowrie Foundation.
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Globe International co-founder Peter Hill sells Hawthorn's Invergowrie for likely $20 million

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Annadale, a new housing development in Mickleham, Victoria has embraced the parklands bandwagon.
<img src="/images/stories/2013/04/annadaleapril23one.jpg" width="470" height="289" alt="annadaleapril23one">
Located on the site of Jika farm known for its Clydesdale horse breeding and bed-and-breakfast operation at 495 Donnybrook Road, the Annadale project (pictured above and below) will consist of 1,100 new homes built among a lush woodland environment, with the Mount Ridley Woodlands incorporated into the development.
Two parks have been planned.
The <a target="_blank" href="https://annadale.com.au/">Annadale</a> master plan has been designed to embrace the landscape with walking and cycle paths part of the development’s design, along with nature trails that lead into the Woodlands.
<img alt="annadaleapril23two" height="316" width="470" src="/images/stories/2013/04/annadaleapril23two.jpg">
In addition to its proximity to parklands, Annadale is also close to existing schools and community facilities. Non-government schools and other sporting facilities are also part of the master plan.
Evolve Development is the developer for Annadale with land prices starting from $99,000.
Mickleham is 32 kilometres north of Melbourne’s CBD. Property Observer reported <a target="_blank" href="https://www.propertyobserver.com.au/land/where-to-find-blocks-of-land-around-melbourne-for-under-%24200000/2012082256169">last year</a> that Mickleham is one of eight suburbs in Melbourne where land can be purchased for under $200,000.
Inner city residential development projects offering parkland views have also become a catching trend enveloping Melbourne, as noted in a report by buyer’s advocate Secret Agent.
The report, which surveyed 30 suburbs in inner Melbourne, found that parkland properties in general fetch stronger prices, Property Observer <a href="https://www.propertyobserver.com.au/residential/properties-with-direct-parkland-views-fetch-higher-house-prices-secret-agent/2013040860186" target="_blank">reported</a> earlier this month.
Conversely, properties that are close to parks but don't have a view do not perform as well as those with a direct view.
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Developments with parklands evolving across Melbourne

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A three-bedroom renovated Victorian residence in Albert Park listed for weekend auction with a price guide over $1.6 million sold at an undisclosed price.
Bidding had stalled at $1.6 million with two bidders seking the house, accordng to the James Buyer Advocates report.
Located only three kilometres from the Melbourne CBD, the solid brick residence on Kerferd Road sits on approximately 256 square metres.
The home includes two bathrooms, open plan dining and kitchen and a landscaped courtyard.
The semi was built in 1890 and sits on a 256-square-metre allotment.
It has been with the same family for 15 years.
Simon Gowling of Marshall White was the <a target="_blank" href="https://www.marshallwhite.com.au/5396505/">listing</a> agent.
The REIV reported a clearance rate of 72% this weekend compared to 69% last weekend, which was revised down from its preliminary 71% advisory.
There were 628 auctions initially reported to the REIV, with 454 selling and 174 being passed in, 110 of those on a vendor bid.
By Sunday there were 653 auctions reported to the REIV, with 468 selling and 185 being passed in, 117 of those on a vendor bid.
There were a scheduled 720 Melbourne auctions.
Next weekend the REIV expects around 670 auctions.
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Two bidders then passed-in Albert Park semi sells post-auction for around $1.6 million pre-auction estimate

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The neighbouring property of last week’s most expensive sale has topped the list for the third week of April, selling at auction for $3.97 million, according to RP Data.
Located at 73 St Vincent Place Albert Park, the three-bedroom, one-bathroom property is situated on a 481-square-metre allotment. 
The property was originally part of a three-terrace property owned by the Loreto Sisters, who bought it in 1969.
Prior to the Loreto Sisters purchase, the property had been a Christian Brothers boy's hostel, which closed in June 1967.
The property changed hands four years ago when acquired by Fiona Olney-Fraser, wife of corporate raider Darren Olney-Fraser, for $10.1 million, who then split the property up into three empty shells.
Westpac took control of the properties in 2010.
75 St Vincent Place topped <a href="https://www.propertyobserver.com.au/victoria/rare-st-vincent-place-mortgagee-sale-attracts-four-bidders/2013041560418?utm_source=po&amp;utm_medium=aida&amp;utm_campaign=latestnews">last weeks top 10 most expensive sales list</a> having sold at auction for $4.3 million.
Listing agent Michael Szulc of Cayzer Real Estate Albert Park says the auction was almost a carbon copy of the week before, with a strong attendance rate of around 200 people and five bidders.
Szulc says the slightly lower price was expected due to the structure of the building.
The last terrace <a target="_blank" href="https://www.cayzer.com.au/index.cfm?pagecall=property&amp;propertyid=2299862&amp;menuItemID=">77 St Vincent Place</a> will go to auction Saturday April 27.
Mal James of James Buyer Advocates ranks St Vincents Place as equal second as Melbourne's highest land value street at approximately $6,000 per square metre - not far behind Brighton's absolute waterfront streets of $9,000 per square metre.
James says the successful buyers will face a renovation bill of between $2 million to $3 million depending on their wishes.
If number 77 sells for over $3 million this weekend, it will represent a 20% increase on the 2008 sale price of just over $10 million for all three terraces. 
New South Wales continues to dominate the top 10 most expensive sales list with six properties listed.
Victoria is securing more spots on the list as we bid farewell to the school holiday period, having four properties listed this week – two more than last week.
The top 10 most expensive sales across Australia last week were
 
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/73_st_vincent_place_albert_park_vic_3206/9183476">73 St Vincent Place, Albert Park, VIC, 3206</a>, three-bedroom house, sold at auction on April 20 by Cayzer Real Estate Albert Park for $3.97 million
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/43_willis_street_hampton_vic_3188/11166593">43 Willis Street, Hampton, VIC, 3188</a>, four-bedroom house, sold at auction on April 20 by R T Edgar Real Estate Brighton for $2.555 million
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/20_pemberton_street_strathfield_nsw_2135/6492258">20 Pemberton Street, Strathfield, NSW, 2135</a>, five-bedroom house, sold at auction on April 20 by Raine &amp; Horne Burwood for $2.35 million
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/123_beach_road_parkdale_vic_3195/12460163">123 Beach Road, Parkdale, VIC, 3195</a>, four-bedroom house, sold at auction on April 20 by Hodges Real Estate Mentone for $2.28 million
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/3/37_wolseley_road_point_piper_nsw_2027/5498957">3/37 Wolseley Road, Point Piper, NSW, 2027</a>, four-bedroom unit, sold at auction on April 20 by McGrath Estate Agents for $2.165 million
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/40a_brown_street_newtown_nsw_2042/15055485">40A Brown Street, Newtown, NSW, 2042</a>, four-bedroom house, sold at auction on April 20 by Raine &amp; Horne Double Bay for $2.125 million
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/6_worcester_place_turramurra_nsw_2074/7008127">6 Worcester Place, Turramurra, NSW, 2074,</a> four-bedroom house, sold at auction on April 18 by L J Hooker Wahroonga for $2.025 million
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/8_gregory_street_south_coogee_nsw_2034/6255301">8 Gregory Street, South Coogee, NSW, 2034</a>, three-bedroom house, sold at auction on April 20 by McGrath Estate Agents for $1.91 million
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/36_chapman_street_north_melbourne_vic_3051/12302526">36 Chapman Street, North Melbourne, VIC, 3051</a>, four-bedroom house, sold at auction on April 20 by Nelson Alexander Carlton North for $1.901 million
<a target="_blank" href="https://www.propertyobserver.com.au/https://www.myrp.com.au/property/3/57_lauderdale_avenue_fairlight_nsw_2094/2306862">3/57 Lauderdale Avenue , Fairlight, NSW, 2094</a>, three-bedroom unit, sold on April 20 by Bergelin Estate Agents for $1.75 million
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Albert Park terrace tops 10 most expensive sales for second week

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Celebrity chef Adriano Zumbo is joining the likes of Masterchef’s George Calombaris and leasing a ground level retail space in Fridcorp’s South Yarra development Lilli.
It will be the first Melbourne store for the patissier, who signed a ten-year lease with two further seven years option.
The Lilli apartment development (pictured below) is now fully leased on street level, boasting Calombaris’ Mama Baba restaurant and Two Birds One Stone café. The former warehouse precinct has been turned into a place to shop, meet and eat with the 120-apartment complex built on the site of the notorious former Salt nightclub.
<img src="/images/stories/2013/04/lilliapril23one.jpg" alt="lilliapril23one" width="470" height="673">
There are still a number of office suites available on level five of the Claremont Street project.
The celebrity chef Adriano Zumbo has been busy tantalising the tastebuds of Sydneysiders close to Balmain with his sweet creations like macaroons, moreish passionfruit tarts, gateaux and croquembouche before hitting national celebrity status as a Master Chef judge in 2010.
Zumbo and fellow Masterchef judge George Calombaris will be side by side at lilli where Fridcorp sought out the best culinary names for its Forrest Hill precinct development.
Designed by Hecker Guthrie and Elenberg Fraser, lilli will help expand Melbourne’s laneway culture to South Yarra with the final section of a pedestrian laneway forming a bustling retail hub connecting Chapel Street to South Yarra station.
It was last July when the team behind Melbourne's successful Three Bags Full, APTE and Liar Liar cafes opened the doors to their latest dining destination - Two Birds One Stone -  on the ground floor of the lilli development.
Nathan Toleman of Two Birds One Stone suggested the cafe provided bespoke and intimate experiences not only designed for attracting a new crowd from 3141 and the surrounding postcodes, but for their loyal customers from their previous venues.
Mama Baba opened in January 2012, Mama Baba displaying the cultural influences of Calombaris' background.
"Mama Baba is all about handmade pasta influenced by my Greek Cypriot mother and my half-Italian father. 
"It's also about an experience," Calombaris said.
"We have brought back old school cocktails, local beers on tap and a wine list that focuses on Italian, Greek and interesting local varietals."
On its 2009 off the plan launch the pricing of the apartments at lilli ranged from $350,000 to $650,000 and in size from 45 to 70 square metres.
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