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

Joel Robinson

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

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>.

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.

[smartcode_project:default project_id=152295 project_image_fid=368410]

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

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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An 1860s grand estate in Bendigo has been listed for the first time in 70 years.
<a href="https://www.tsfn.com.au/?pagecall=property&amp;propertyID=2199224">Fortuna Villa</a> is being sold by the Department of Defence with $3 million expectations.
The three-storey Italianate-style mansion with 30 bedrooms was once owned by quartz king, George Lansell.
The mining entrepreneur was the director of 38 mines and had links to almost every mine in Bendigo.
He struck fortune with his purchase of the 180 mine, part of the New Chum Reef.
He remodelled the mansion in the late 1880 which was lavishly furnished with pieces collected from around the globe. He designed the spacious gardens with walks, lakes and imported plants.
He bought the property in 1871 from Theodore Ballerstedt, a mine operator who bought the site in 1857 from the Crown.
The Villa is built in a number of architectural styles - Victorian Italianate and Victorian Free Classical, with Federation influences.
The heritage listed rendered brick construction comes with seven bathrooms, cast-iron verandahs, a billiard room, a ballroom, a conservatory, a reception room and entrance hall.
It has a stained glass, cedar and blackwood staircase, a solid marble bath, extensive acid-etched glasswork.
The villa comes on 7.57 hectares and has 32 outbuildings. The Victorian gardens include a roman bath and a Pompeii fountain. There is also a tennis court, coach house and a large lake on the property.  The lake was previously a tailings pond.
<a href="https://www.fortunavilla.net.au/inc/pdf/Draft%20Fortuna%20Phase%201%20Summary%20Report%20-%20Public%20Doc%20-%20final%20100709.pdf">The Department of Defence</a> occupied the site from 1942 and in 1957 it was compulsorily acquired for Army use. Since then the site has been occupied by the Army and other Defence organisations. Most recently it has been the home of the Defence Imagery and Geospatial Organisation.
The department of defence built a number of modern buildings on the property including a mess hall, stores and accommodation.
The property is being sold by public tender ending December 7.
An environmental survey of the property shows some soil contamination from previous mining activities and defence activities.
The report says that any buyer looking to build on the land would be required to undertake measures to avoid contamination.
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awalsh-7Ub9EypybQ

Department of Defence selling 1860s Fortuna Villa in Bendigo

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A landmark historical commercial building in the Melbourne bayside suburb of Williamstown that was once the premises of turn-of-the-century grocer Robert Punshon has sold for $2.5 million.
The two-storey freehold building, designed by local architect CJ Polain and built by James Rowsthorn in 1890, was sold to Wayne Elly, owner of Greg Hocking Elly partners.
The building was marketed and sold by Fitzroys Associate James Gregson.
<img src="/images/stories/2012/10/ferguson1.jpg">
Elly will use the building as his business premises.
According to Victorian Heritage the building is a “novel adaptation” of the English Queen Anne architectural style and notable for its ornamental façade, which houses a bas-relief bust of its original owner, Robert Punshon.
Punshon operated from the shop under the name of Punshon’s Federal Stores.
Most recently the property had been occupied by Marks Brothers electrical store for over 20 years.
It was sold with vacant possession with the vendor being local businessman John Marks.
The Williamstown Chronicle reported in 1904 that both 82 -84 Ferguson Street and 78 Ferguson Street were sold by "Mrs. R. Punshon to W.N. McAlister and Co., a grocery, wine and spirit business".
John Pentase, a grocer and the ES&amp;A Bank shared the premises in the 1920s.
Victorian Heritage notes that the building is of historical significance as it “perhaps best illustrates the increasing importance of Ferguson Street as the main commercial centre of Williamstown during the latter half the nineteenth century”.
“It is also notable for its original and long association with the locally important Punshon family and for its long use as a grocery.”
The 750 square metre building comprises ground floor retail space, a grand first floor dwelling and a basement.
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lschlesinger-FZcF9M3vE6

Local estate agent Wayne Elly buys historic former Williamstown grocer for $2.5 million

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A remarkable church conversion in Moonee Ponds has been listed for sale.
{yoogallery src=[images/stories/2012/10/nov5hudson1]}
The conversion of an 1892 Anglican <a target="_blank" href="/news">Moonee Ponds</a> church was designed by owner and architect duo Dominic and Marie Bagnato.
The Gothic-style timber church was originally built by Tadgell Brothers following the general consensus at an 1890 residents' meeting that the area needed a church for religious purposes and Sunday school.
The church was officially opened by then Lord Bishop of Melbourne Dr Goe. The treasurer of the consortium who built the church was Robert Hedge, who was honoured in a 1901 memorial. which still existed in 2008.
The church acted as a venue for sports meetings, working bees and other social activities. The church was part of the St Thomas parish, before leaving temporarily in 1915 and permanently in 1960.
In 1904, an extension to the church was built at the rear and in 1918 a vicarage was built nearby. A church hall was built in 1927. The current vendors bought the church itself in 2007.
Heritage documents say the front gable of the church is adorned with a decorative barge board standing proud from the main wall.
“There is a small Gothic-style porch centrally located in the main facade. The design of the church building is symmetrical. The interior of the building matches the overall design in its simplicity,” Heritage Victoria documents say.
“The arched windows are plainly pointed, the walls are with a timber dado, the ceiling has timber lining and the exposed trusses are also constructed from timber. Most interior fittings such as the pews, the pulpit, altar and font have been removed.”
Upstairs pictures on page 2
 
<hr class="system-pagebreak">
 
<a target="_blank" href="https://www.domain.com.au/Property/For-Sale/House/VIC/Moonee-Ponds/?adid=2010097178">The five-bedroom conversion</a> includes an open plan living, dining and entertaining area situated arranged around a Nero Tempesta marble fire-place and looking out over the swimming pool.
{yoogallery src=[images/stories/2012/10/nov5upstairshudson]}
It has limestone floors, Baltic pine ceilings and a Calacatta marble kitchen with a butler's pantry.
Upstairs has a mezzanine lounge, which leads onto a loft with city views.
There is a 700-bottle capacity wine cellar, a gym and a day bed retreat.
The conversion is being sold by Jellis Craig agent John Morello. It goes to auction on December 1 with price hopes for more than $2.4 million.
It comes on 445 square metres.
Recently a Bullarto Church with <a href="https://www.propertyobserver.com.au/residential/bullarto-uniting-church-sells-at-%24115000/2012101457155">toilet complications</a> sold for $115,000.
And an <a target="_blank" href="https://www.propertyobserver.com.au/victoria/collingwood-1870s-church-listed-as-heavenly-development-opportunity/2012082156023">unconverted church in Collingwood</a> sold for more than $2.5 million to a couple looking to renovate and occupy.
Hocking Stuart agent Charles Atkins sold the property.
“It was a great result, we were very pleased. At the time there were a lot of people looking at it for commercial purposes, but it ended up being purchased a couple looking to occupy as home,” Atkins says.
And a church in nearby Napier street sold for more than $2 million in September. Agent Grant Sutherland says it was bought by a developer looking to turn it into apartments.
 
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Moonee Ponds church conversion listed for sale

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The brief rally in Melbourne dwelling values ended in October with property values expected to bounce around near the bottom of the market for another 12 to 18 months, according to RP Data senior research analyst Cameron Kusher.
As the quarterly data (below) shows, Melbourne median house values are flat again, while unit prices are starting to decline after rising strongly in August and September. 
<table cellpadding="0" cellspacing="0" border="1"><tbody>
<tr>
<td valign="top" width="99"></td>
<td valign="top" width="84">
MEDIAN HOUSE PRICE
</td>
<td valign="top" width="86">
QUARTERLY CHANGE
</td>
<td valign="top" width="83">
RENTAL YIELD
</td>
</tr>
<tr>
<td valign="top" width="99">
OCTOBER
</td>
<td valign="top" width="84">
$508,000
</td>
<td valign="top" width="86">
0.6%
</td>
<td valign="top" width="83">
3.6%
</td>
</tr>
<tr>
<td valign="top" width="99">
SEPTEMBER
</td>
<td valign="top" width="84">
$507,750
</td>
<td valign="top" width="86">
2.8%
</td>
<td valign="top" width="83">
3.6%
</td>
</tr>
<tr>
<td valign="top" width="99">
AUGUST
</td>
<td valign="top" width="84">
$495,000
</td>
<td valign="top" width="86">
2.6%
</td>
<td valign="top" width="83">
3.6%
</td>
</tr>
<tr>
<td valign="top" width="99">
JULY
</td>
<td valign="top" width="84">
$510,000
</td>
<td valign="top" width="86">
-0.2%
</td>
<td valign="top" width="83">
3.6%
</td>
</tr>
</tbody></table>
 
 
<table cellpadding="0" cellspacing="0" border="1"><tbody>
<tr>
<td valign="top" width="86">
 
</td>
<td valign="top" width="86">
MEDIAN UNIT PRICE
</td>
<td valign="top" width="97">
QUARTERLY CHANGE
</td>
<td valign="top" width="75">
RENTAL YIELD
</td>
</tr>
<tr>
<td valign="top" width="86">
OCTOBER
</td>
<td valign="top" width="86">
$420,000
</td>
<td valign="top" width="97">
-1.3%
</td>
<td valign="top" width="75">
4.5%
</td>
</tr>
<tr>
<td valign="top" width="86">
SEPTEMBER
</td>
<td valign="top" width="86">
$417,500
</td>
<td valign="top" width="97">
4%
</td>
<td valign="top" width="75">
4.3%
</td>
</tr>
<tr>
<td valign="top" width="86">
AUGUST
</td>
<td valign="top" width="86">
$428,750
</td>
<td valign="top" width="97">
2%
</td>
<td valign="top" width="75">
4.4%
</td>
</tr>
<tr>
<td valign="top" width="86">
JULY
</td>
<td valign="top" width="86">
$426,000
</td>
<td valign="top" width="97">
-0.7%
</td>
<td valign="top" width="75">
4.4%
</td>
</tr>
</tbody></table>
 Source: <a href="https://www.myrp.com.au/" target="_blank">RP Data</a>. Note the median price is the middle price of all settled sales over the three months to the end of the final month.
“Melbourne did start to see a recovery in the last six months, but we were always a little bit surprised at this recovery,” Kusher says.
“The market did not correct for very long or by very much though and there is still the potential for further correction.”
Kusher says it could be 12 to 18 months before the market starts rising, and even then gains are likely to be modest.
Melbourne also has the weakest rental yields for both houses (3.6%) and units (4.5%) of all capital cities and is also the only capital city where gross returns (capital growth combined with rental income growth) are in negative territory (-0.8% in October), providing little  incentive for investors.
“Investors should be looking outside of Melbourne," Kusher says.
“The low rental yields are just a function of strong price growth over the last four to five years to late 2011, but with no pressure on rents due to extra housing coming through from the inner city unit market,” he says.
Unit values fell 3.2% over October to a median of $420,000, and Kusher says oversupply from inner -city developments is definitely a factor.
“There is a huge amount of supply in areas like Docklands and the CBD.”
Kusher says property market observers should keep in mind that a market like Perth is just starting to turn around, having taken 5 ½ years to fall from its peak. This was also the case with the Sydney market.
“Perth is just turning around and is still 7% below its peak. Sydney fell 10% from peak to trough,” he says.
Melbourne property prices only started trending down in late 2011 and are currently down only 2.4% from a year ago – the recent rally helping to correct some of the previous losses.
Kusher says the outlook is a little better for Melbourne houses than units.
This is principally because residential developers, which hold of lot of land-banked stock on the outskirts of the city, can hold off releasing this to the market.
However, developers of inner-city apartments that have sold off the plan are already committed to build, or in many cases, apartment projects are already under construction.
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Property investors should look outside of Melbourne as short-term rally ends: RP Data

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The third episode of Grand Designs Australia airs November 1 with an eco conscious couple upgrading their 1930s hobby farm beach shack into an entertainer’s home.
The episode features a property in <a href="/news">Balnarring</a>, a town located in the south-eastern Mornington Peninsula.
Claire and Lisa want to build a sustainable, Modernist, entertainers' home with a mix of recycled materials.
A cellar and pool will be located three metres down in the basement.
Three bedrooms with ensuites will be located on the ground floor.
The large kitchen and living space will feature rammed earth walls and concrete polished floors.
The master bedroom will be upstairs, with the white box appearing to be floating above the lower level.
Claire and Lisa started building their new home in April last year.
Lisa says on her blog that the most challenging part of the project was the destruction of the old house.
According to RP Data, the median sale price in Balnarring is $495,000, a 59.7% change in median price over the past five years.
Separate houses account for 98% of dwelling types.
A two-bedroom blue beach shack located at 14 Buckley Street, Balnarring, recently sold for $400,000.
Alternatively ,a 12.68-hectare property at 195 Stumpy Gully Road and only minutes from Balnarring beach has a $2.2 million asking price.
Last week's episode featured a Californian bungalow in Hampton being replaced by a sculptural, Japanese style all-timber house.
Grand Designs Australia airs Thursday nights on the LifeStyle channel at 8:30pm.
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ntrotman-Et3xWpamVh

Balnarring hobby farm beach house as Grand Designs Australia's third episode 

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Affordable housing in Melbourne is only available in fringe suburbs, with inner suburbs out of reach for most investors and all but the wealthiest first-time home buyers, according to a state government report.
The discussion paper titled Melbourne let’s talk about the future says Melbourne needs to address affordable housing in the city.
“We have an ageing population, those heading towards retirement have reduced wealth, and housing stress is a chronic problem for about 10% of households,” Planning Minister Matthew Guy says.
“Almost all of the city’s most affordable housing is in the outer suburbs with the inner suburbs out of reach to many renters and all but the wealthiest first-home buyers.”
The report finds a dramatic reduction in housing affordability over the last decade means home buyers now have less choice about where they can buy a home.
“People with less money to spend (who are at greater risk of mortgage stress) can only buy in Melbourne’s outer suburban fringe if they want to own a detached house.”
And the report finds that while the cost of the house itself is often lower in outer areas, transport costs can negate some of these savings.
More people are at risk of mortgage stress with the number of people fully owning a dwelling dropping from 40% to 30% over the last 20 years while the number of people paying off a mortgage has risen from 30% to 35%.
The report finds low-income single-person households face the most difficulties renting affordable housing.
In the March quarter, just 0.3% of one-bedroom dwellings let would cost no more than 30% of gross to a single person solely reliant on Centrelink payments.
“Without action the cost of buying or renting a house in Melbourne is likely to rise in the years ahead, particularly in established suburbs. The cost of a dwelling in the middle suburbs of Melbourne needs to be reduced if we are to have any prospect of providing an opportunity to a wider range of the population to live in these areas, and greater socioeconomic diversity in existing neighbourhoods,” Guy says.
With renters facing the most difficult affordability conditions Guy proposes a number of changes to improve affordability.
He says affordable living could be addressed by:
<ol>
<li>Increasing housing supply;</li>
<li>Reducing the cost of building;</li>
<li>Reducing barriers to affordable housing development;</li>
<li>Preserving or offsetting the loss of existing low-cost housing;</li>
<li>Encouraging new affordable housing with planning scheme controls or incentives;</li>
<li>Securing dedicated social housing – housing rented at below market cost;</li>
<li>Increasing the number of jobs in suburban areas, to reduce commuting distances and times for suburban residents;</li>
<li>Reducing the need to own a second car and even any car per household by improving cycling, walking and public transport options; and</li>
<li>Other incentives to integrate affordable housing into new developments.</li>
</ol>
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Matthew Guy's nine-step plan to addressing housing affordability in Melbourne

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The REIV September quarter medians show that the residential housing market continues to remain stable, with a median house price in Melbourne of $530,000, compared with the revised June quarter median of $525,000. In regional Victoria the median house price was also stable, with a minor 0.7% increase to $307,000.
The non-metropolitan market continues to record more moderate growth over the medium term but is also not as likely to record the more volatile fluctuations prevalent in Melbourne.
The three main centres reflected this and recorded mixed results, with the median price of a house in <a target="_blank" href="/news">Ballarat </a>increasing by 1.8% to $285,000; in <a target="_blank" href="/news">Bendigo </a>it dropped by 2%  in the quarter to $301,000; and in <a target="_blank" href="/news">Geelong</a> there was a 6.1% reduction to $362,000.
The Surf Coast Shire is regional Victoria’s most expensive, with a median house price of $570,000. The Macedon Ranges is the second most expensive, with a median of $470,000.
Strong growth in prices was recorded in: Mildura, where the median increased by 7.6% to $225,000; in Bairnsdale, where it rose by 5.2% to $225,000; and in Traralgon, which rose by 9.3% to $282,000.
Over the quarter the rental vacancy rate dropped from 2.9% to 2%.
Of the three main regional centres the highest level of vacancies was recorded in Geelong, where the vacancy rate was 3.5% in September. In Bendigo it remained very tight, with 0.9% of rental homes vacant. Ballarat recorded 1.3%.
Median rents for houses rose slightly over the quarter from $290 per week in July to $295 per week in September.
Enzo Raimondo is CEO of the <a href="https://www.reiv.com.au/" target="_blank" rel="nofollow">Real Estate Institute of Victoria</a>.
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enzoraimond-7fvRFHPR52

Volatile price fluctuations unlikely in regional Victorian property market

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A 1905-built St Kilda terrace with a rooftop garden deck has sold for nearly $1 million above its reserve price. 
<a href="https://www.domain.com.au/Public/PropertyDetails.aspx?adid=2010010800" target="_blank">Gorphwysfa</a>, the 21 Mary Street property, sold for $3.3 million at its super Saturday auction, well above its reserve of $2.5 million. 

It was sold by Buxton agents Karl Gillon and Ranko Cvjeticanin.

The Edwardian terrace on 253 square metres had been in the same family for 30 years before selling.

The four-bedroom <a target="_blank" href="/news">St Kilda</a> home has coffered ceilings, a marble master bathroom, four bathrooms, an internal atrium garden and a glass wet bar.

Cvjeticanin  was pleased with the result.

“This was a pleasant surprise and just another example of how prices continue to exceed expectations,” Cvjeticanin  says.
But <a target="_blank" href="https://www.12crimeastreetstkilda.com/home">an 1880-built St Kilda terrace</a> (pictured below) listed by Leon Piterman, the vice-chancellor of Monash university and his consultant wife, Hannah, didn't get to weekend auction.
<img src="/images/stories/2012/10/crimeast1.jpg">
Enniscorthy, the 611-square-metre two-storey property had been expected to sell for more than $2.5 million at its October 27 auction before it was postponed to November 17th.

It comes with a broad tessellated tiled veranda, an imposing double arched entrance hall, 4.2-metre ceilings, Baltic pine floors and a Tuscan-inspired garden.


Marketing for the property describes it as one of the area's most admired homes, featuring hydronic and under-floor heating, an alarm system, a basement wine cellar, intercom, laundry, auto-gates and off-street parking for four cars.

Buyers' agent Guy Angwin from Mal James Buyers Advocates says the property is a classic but has some floorplan issues.

“This property has been updated over time, and whilst it is not a recent renovation it does provide some floorplan flexibility,” Angwin writes in his summary of the property.

“This is a significant property with good land content, and while it has some floorplan issues, with the right renovations it could become a fine large family home.”

It was last listed for sale in 1997.

It comes with five bedrooms, two bathrooms and four car spaces.

The house is surrounded by the Tuscan-style gardens, which give the property a second street frontage on Marlton Crescent.

The hall, sitting room, dining room and study all feature marble fireplaces.

Stone floors lead through to the kitchen living and dining areas.

It is being sold by Simon Gowling from Damian O'Sullivan.

Leon Piterman was given Queen's birthday honours in 2006 for service to family medicine through distance education for doctors in remote areas, to research and student training, and to international medical education.

The property mentioned in The Argus in 1956 going up for lease £4/16/9.

The property is being marketed with its own website.

 


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Hit and miss with prestige St Kilda terrace offerings

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Warracknabeal in the Wimmera is Victoria’s most affordable suburb despite mooted plans for a giant topless statue of musician Nick Cave.
The median house price in the wheatbelt town is just $105,864, with 54 properties sold in the last 12 months, according to RP Data.
The town, the birthplace of Nick Cave, is nearly 300 kilometres north west of Melbourne.
According to the 2011 census the town has a population of 2,745, with 1,349 dwellings. This is up from 2,625 as indicated by the 2006 census.
Previous RP Data figures suggest the town has a median rent of $160 per week for houses. Median prices fell 8.8% last year.
Nick Cave has long harboured plans of building a giant golden statue of his likeness bare-chested on a rearing stallion. The plans have been discussed since at least 2001, but he says recent economic conditions might make constructing a giant gold statue of himself in the middle of the town seem in bad taste.
Cave is the legendary frontman  of Grinderman, The Bad Seeds and The Birthday Party.
Perhaps investors should buy now and wait for prices to no doubt skyrocket after Cave finally realises his plans.
A search on online real estate listing portals reveals more than 50 options.
A property at <a href="https://www.realestate.com.au/property-house-vic-warracknabeal-107575231">32 Gardiner Street</a> is listed for sale at $125,000, though a quick check reveals it has been on the market since August last year. It was originally listed at $137,000 before gradually dropping down. Prior to this it was listed for most of 2009 at $120,000 before being reduced to $115,000.
The three-bedroom property sits on 590 square metres and is listed through Rob Lehmann from North West Real Estate. It was listed for rent at $150 per week in January this year, giving a gross yield of around 6.25%.
The property at <a href="https://www.realestate.com.au/property-house-vic-warracknabeal-111218187">111A Jamouneau Street</a> has a similar history. It’s a three-bedroom house on 1,000 square metres listed at $120,000. It was on the market for most of 2011 at $129,500 and was relisted in August this year for $120,000 through John Hadley, again from North West Real Estate.
And<a href="https://www.realestate.com.au/property-house-vic-warracknabeal-107497689"> 6 Kelsall Street</a> has been listed at $99,500 through Gerry Smith First National. Marketing for the cottage suggests the property could rent at $145 per week, giving a gross yield of around 7.5%. The 1930-built property has been on the market for 475 days.
Nearby Dimboola is the second most affordable suburb in Victoria, with a median house price of $107,470.
Coleraine in the Southern Grampians is the third most affordable suburb with a median house price of $117,263.
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<td width="63" height="53">National Rank</td>
<td width="122">Suburb</td>
<td width="86">Median Value</td>
<td width="87">Number sold (12 months)</td>
<td width="69">Distance from GPO</td>
</tr>
<tr height="20">
<td align="right" height="20">3</td>
<td><a href="/news">WARRACKNABEAL</a></td>
<td align="right">$105,864</td>
<td align="right">54</td>
<td align="right">286.7</td>
</tr>
<tr height="20">
<td align="right" height="20">4</td>
<td><a href="/news">DIMBOOLA</a></td>
<td align="right">$107,470</td>
<td align="right">22</td>
<td align="right">301.4</td>
</tr>
<tr height="20">
<td align="right" height="20">6</td>
<td><a href="/news">COLERAINE</a></td>
<td align="right">$117,263</td>
<td align="right">20</td>
<td align="right">289.4</td>
</tr>
<tr height="20">
<td align="right" height="20">10</td>
<td><a href="/news">CASTERTON</a></td>
<td align="right">$123,359</td>
<td align="right">20</td>
<td align="right">315.7</td>
</tr>
<tr height="20">
<td align="right" height="20">11</td>
<td><a href="/news">NHILL</a></td>
<td align="right">$125,876</td>
<td align="right">39</td>
<td align="right">337.3</td>
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<tr height="20">
<td align="right" height="20">19</td>
<td><a href="/news">ST ARNAUD</a></td>
<td align="right">$145,827</td>
<td align="right">40</td>
<td align="right">201.7</td>
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<tr height="20">
<td align="right" height="20">23</td>
<td><a href="/news">MERBEIN</a></td>
<td align="right">$152,548</td>
<td align="right">40</td>
<td align="right">469.8</td>
</tr>
<tr height="20">
<td align="right" height="20">25</td>
<td><a href="/news">MORWELL</a></td>
<td align="right">$153,087</td>
<td align="right">205</td>
<td align="right">134.9</td>
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<tr height="20">
<td align="right" height="20">27</td>
<td><a href="/news">TONGALA</a></td>
<td align="right">$157,724</td>
<td align="right">25</td>
<td align="right">173.6</td>
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<tr height="20">
<td align="right" height="20">28</td>
<td><a href="/news">RED CLIFFS</a></td>
<td align="right">$157,819</td>
<td align="right">69</td>
<td align="right">462.2</td>
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<tr height="20">
<td align="right" height="20">37</td>
<td><a href="/news">COHUNA</a></td>
<td align="right">$165,281</td>
<td align="right">37</td>
<td align="right">232.3</td>
</tr>
<tr height="20">
<td align="right" height="20">45</td>
<td><a href="/news">STAWELL</a></td>
<td align="right">$169,912</td>
<td align="right">83</td>
<td align="right">208.3</td>
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<tr height="20">
<td align="right" height="20">50</td>
<td><a href="/news">CHURCHILL</a></td>
<td align="right">$172,177</td>
<td align="right">70</td>
<td align="right">138.3</td>
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<tr height="20">
<td align="right" height="20">53</td>
<td><a href="/news">MOUNT BEAUTY</a></td>
<td align="right">$175,686</td>
<td align="right">24</td>
<td align="right">229</td>
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<tr height="20">
<td align="right" height="20">54</td>
<td><a href="/news">GOLDEN BEACH</a></td>
<td align="right">$176,096</td>
<td align="right">27</td>
<td align="right">217</td>
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<tr height="20">
<td align="right" height="20">55</td>
<td><a href="/news">ARARAT</a></td>
<td align="right">$176,575</td>
<td align="right">146</td>
<td align="right">187.9</td>
</tr>
<tr height="20">
<td align="right" height="20">56</td>
<td><a href="/news">MOE</a></td>
<td align="right">$176,809</td>
<td align="right">152</td>
<td align="right">120.3</td>
</tr>
<tr height="20">
<td align="right" height="20">61</td>
<td><a href="/news">ORBOST</a></td>
<td align="right">$178,426</td>
<td align="right">29</td>
<td align="right">307.1</td>
</tr>
<tr height="20">
<td align="right" height="20">65</td>
<td><a href="/news">KERANG</a></td>
<td align="right">$180,070</td>
<td align="right">48</td>
<td align="right">249</td>
</tr>
<tr height="20">
<td align="right" height="20">68</td>
<td><a href="/news">LOCH SPORT</a></td>
<td align="right">$181,507</td>
<td align="right">57</td>
<td align="right">231.3</td>
</tr>
<tr height="20">
<td align="right" height="20">73</td>
<td><a href="/news">MARYBOROUGH</a></td>
<td align="right">$182,870</td>
<td align="right">165</td>
<td align="right">132.8</td>
</tr>
<tr height="20">
<td align="right" height="20">76</td>
<td><a href="/news">AVOCA</a></td>
<td align="right">$185,411</td>
<td align="right">23</td>
<td align="right">147.7</td>
</tr>
<tr height="20">
<td align="right" height="20">78</td>
<td><a href="/news">TERANG</a></td>
<td align="right">$186,938</td>
<td align="right">25</td>
<td align="right">185.9</td>
</tr>
<tr height="20">
<td align="right" height="20">85</td>
<td><a href="/news">NUMURKAH</a></td>
<td align="right">$189,415</td>
<td align="right">49</td>
<td align="right">192</td>
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<tr height="20">
<td align="right" height="20">94</td>
<td><a href="/news">TALLANGATTA</a></td>
<td align="right">$192,312</td>
<td align="right">25</td>
<td align="right">264.4</td>
</tr>
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</table>
Source: <a href="https://www.myrp.com.au/" target="_blank">RP Data</a>
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Warracknabeal and Dimboola most affordable housing locations in Victoria

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The last home to be designed by the Australian Modernist architect Guilford Bell has been listed for sale with $3.5 million-plus hopes.
It's a 1986 house on a 2.5-hectare block at <a href="/news">Officer</a>, minutes from Beaconsfield and Old Berwick, 50 kilometres south-east of Melbourne.
{yoogallery src=[images/stories/2012/10/oct26outwhiteside]}
The Grant House, also called Whiteside, was built in 1986 for Robert Grant and his partner who ran the popular City Gardener garden supplies business in Melbourne for many years. The property was previously an apple and pear orchard owned by Grant's family.
The sloping land framed by cypress hedges was the site for the home designed by Guilford Bell at the age of 74, and credited as his last major residential work.
The <a href="https://www.realestate.com.au/property-house-vic-officer-109981456" target="_blank">26-36 Whiteside Road </a>house is a snow-white pavillion style abode comes with its pyramidal, sky-pointing roof with Buddhist shrine or carnival marquee appearance.
The late respected architect Guilford Bell's status among well-to-do clients has triggered a National Trust-listing. Bell died in 1992. 
 
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The grounds have a pool and series of landscaped gardens – a cherry tree walk, a summer glade and sunken parterre, and terraces of white irises along with lawns and lotus-filled dam, towering cypress hedges, and white wisteria-covered arbour.
There are views to the Gippsland Ranges.
The house is clad in a corrugated Zincalume along with a second corrugated-steel structure to accommodate a three-car garage and a fully serviced cottage.
{yoogallery src=[images/stories/2012/10/oct26whitesidein]}
The other dominant feature is the use of 130,000 bricks within the house precinct and garden terraces, which took a local brickie almost two years to lay.
Its listing agent is Malcolm Graham of <a href="https://www.granthousewhiteside.com.au/history/" target="_blank">Alex Scott &amp; Staff Berwick</a>. 
It was briefly listed for sale in 2007 with $2 million-plus hopes when its zoning was yet to upgraded to its current Growth Corridor zoning for residential development.
"The privacy and peaceful surrounds of this site has a wow effect, which opens ones mind to the ongoing potential as only half the site is improved of this quality investment," its marketing material says.
The holding cost $36,000 in 1976. 
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