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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Melbourne house prices – how your suburb went in the 2012 March quarter: REIV

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Ballarat has been identified as a potential hotspot, but investors should tread cautiously when considering housing in new estates further out of town, according to property valuers Herron Todd White.
In its April property market report, HTW notes that “Ballarat property values soften as the distance from Lake Wendouree, [schools], shops or CBD increases”.
“The modern outer suburbs of Lucas, Alfredton, Sebastopol and Delacombe continue to be developed to new housing and estates, which are largely filled by young families and investors.
“It is these outer suburbs that are generally hardest hit by government announcements, interest rate movements and economic uncertainty, due largely to the high loan to value ratios and relatively generic product in the $200,000 to $350,000 price range,” warns HTW.
Currently developers are offering house-and-land packages in Lucas and Sebastopol starting from about $240,000 for a two-bedroom house on a 375-square-metre block rising up to $435, 000 to a two-storey, four-bedroom house on a 522-square-metre block.
There more than 500 off-the-plan house-and-land packages on offer in these two suburbs alone.
Among them is this three-bedroom house-and-land package on a 375-square-metre block (pictured below) priced at $267,000 and <a href="https://www.realestate.com.au/property-house-vic-ballarat-110186989?listingType=buy">listed by Vince Cavarra of Burbank Homes Melbourne</a>.
<img src="/images/stories/ball1.jpg" width="470">
There are no established houses for sale in Lucas, according to Realestate.com.au.
On Spencer Street in Sebastopol <a target="_blank" href="https://www.realestate.com.au/property-unit-vic-sebastopol-107576844">this “updated” three-bedroom house</a> (pictured below) is targeted at first-home buyers or investors with a price tag of $195,000 and is listed by Mark Nunn of Hocking Stuart Ballarat.
<img src="/images/stories/ball2.jpg" width="470">
In contrast, the inner suburbs offer a more stable investment environment for property investors.
 Four Ballarat suburbs within a two-kilometre radius of the city centre feature among Smart Investor magazine’s list of 601 suburbs that delivered the best capital growth over 2011.
Two of them – Soldiers Hill and Ballarat East – have median house prices under $300,000 while a third, Ballarat Central, has a median house price just over $300,000.
Only Lake Wendouree has a median house prices approaching that of some Melbourne suburbs:
<table style="width: 470px;" border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="114">
Suburb
</td>
<td valign="top" width="114">
Median house price
</td>
<td valign="top" width="114">
Capital growth over 2011
</td>
<td valign="top" width="114">
Median rent
</td>
<td valign="top" width="114">
Gross rental yield
</td>
</tr>
<tr>
<td valign="top" width="114">
Ballarat East
</td>
<td valign="top" width="114">
$237,000
</td>
<td valign="top" width="114">
4.8%
</td>
<td valign="top" width="114">
$255
</td>
<td valign="top" width="114">
5.6%
</td>
</tr>
<tr>
<td valign="top" width="114">
Soldiers Hill
</td>
<td valign="top" width="114">
$285,000
</td>
<td valign="top" width="114">
9.6%
</td>
<td valign="top" width="114">
$255
</td>
<td valign="top" width="114">
5%
</td>
</tr>
<tr>
<td valign="top" width="114">
Ballarat Central
</td>
<td valign="top" width="114">
$302,000
</td>
<td valign="top" width="114">
7.9%
</td>
<td valign="top" width="114">
$270
</td>
<td valign="top" width="114">
4.9%
</td>
</tr>
<tr>
<td valign="top" width="114">
Lake Wendouree
</td>
<td valign="top" width="114">
$540,000
</td>
<td valign="top" width="114">
6.3%
</td>
<td valign="top" width="114">
$295
</td>
<td valign="top" width="114">
4%
</td>
</tr>
</tbody></table>
Source: Smart Investor magazine
According to Herron Todd White, proximity to the Ballarat CBD continues to remain important, with the residential property market “largely driven by infrastructure, planning, amenity and return on investment”.
The report notes that proximity to Lake Wendouree for walking, running and water sports remains important, with the suburb remaining predominantly owner-occupied with some of Ballarat’s most expensive housing.
“Areas such as Lake Wendouree, Soldiers Hill and Newington are thinly traded and tend to maintain steady value patterns as outer suburbs grow and become more or less expensive,” says HTW.
Currently the most expensive home in Lake Wendouree listed for sale is this rather <a target="_blank" href="https://www.realestate.com.au/property-house-vic-lake+wendouree-108085451">grand-looking five-bedroom home on Wendouree Parade</a> (pictured below) listed by Laurie Gillett from Professionals Ballarat, which has an asking price of around $1.4 million.
<img src="/images/stories/ball3.jpg" width="470">
According to HTW, market volatility in new housing areas is a good indicator for the greater region.
“In a softening market, as buyers become more hesitant, property type begins to significantly impact purchasing decisions.
“Features such as street appeal, access and the detached/semi-detached nature of a property begin to create larger price variances and impact marketing periods. Traditionally, detached homes with good access are preferred,” says HTW.
Photograph of Ballarat courtesy of Tourism Victoria
 
 
 
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New housing investors on Ballarat fringe warned to be cautious: HTW

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Rosebery, the Hawthorn house remembered as the long-time home to former deputy prime minister Jim Cairns and his wife, Gwen, has been sold this week for the first time in almost three decades.
With impressive rose bushes on its front turning circle, the four-bedroom house, set on a 1,658-square-metre Wattle Road holding, was being offered for private sale at $3,475,000 through Kay &amp; Burton agent Matt Davis who listed it last October.
The Cairns couple owned it between 1956 and 1981, first as joint owners, according to the land title, then as tenants in common from 1976. It was unencumbered from its purchase through to 1972, and then again between 1976 and its 1981 sale.
It last traded in 1983 for $280,000 with the Cairns sale being $225,000.
Cairns, who had a lead role in organising the 1970 anti-Vietnam War moratorium protests, was treasurer and deputy prime minister in the Whitlam government in the early 1970s.
The 1880s Victorian home was the bustling campaign headquarters throughout the Labor left-winger's career. He was already a member of parliament when he moved from Berkeley Grove, East Brighton to Wattle Road, having beaten the grouper, Stan Keon, for the seat of Yarra in the 1955 election.
"We had as many as 500 people in the back garden of 21 Wattle Road, sitting on the grass, talking away – all day Sunday, once a year," the late Cairns once recounted.
In a late 1980s interview the former member for the western suburbs seat of Lalor, when asked had he ever moved into the electorate, advised: “Oh no. Gwen [his wife] wouldn't move an inch to live in the electorate.”
They married in 1932, after which he moved on from a career in the police force to university academia life to politics.
The couple finally moved after 25 years to Narre Warren East in the early 1980s to a rural acreage.
Jim Cairns was born in Carlton in 1914, and his early years were spent on a dairy farm north of Sunbury.
Gwen died in 2000 and Jim in 2003.
Wattle Road, first known as Weinberg Road, is an early street in Hawthorn and marks the location of a farming settlement established by a group of German immigrants in the 1850s. Rosebery was reportedly constructed by the Vogt family.
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jchancellor-FAypfDUnLy

Rosebery, Hawthorn hotbed of radicalism during Dr Jim Cairns' ownership, sells: Title Tattle

<html><body>
Richmond star Trent Cotchin, the club’s 2011 best and fairest, bought and sold on Super Saturday.
His three bedroom Edwardian home at Ascot Vale – not far from the Puckle Street shops – sold for $790,000 through Joe Zucco at Paul McDonald Real Estate.
It last traded, as is, for $703,600 in late 2009, so a good counter-cyclical gain was secured by the rising star who wants to get into property development.
Cotchin and his partner Brooke Kennedy, who’s with the funky baby and childrens’ fashion website, kidsrevolution.com.au , bought back in the Moonee Ponds municipality later in the afternoon.
<img src="/images/stories/trent.jpg">
<img src="/images/stories/cotchin-front.jpg">
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Tigers' Trent Cotchin sells Ascot Vale cottage and upsizes: Title Tattle

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At the end of last year, predictions were flying around left right and centre about the state of the market in 2012. There was a lot of buoyancy following the RBA’s double interest rate cut, with the industry confident it would result in buyers flooding the market. In truth, while the cuts didn’t deliver the influx of buyers experts were hoping for, it has definitely boosted confidence.
It’s relatively early days in 2012 but here in Brunswick, we’re already witnessing some interesting trends take place. A key movement has been the type of buyers we’re seeing – second-home purchasers are generally married with one child. Many young professional couples are seeking apartments because they want to live within 10 to 15 kilometres of the CBD, and they’re willing to sacrifice space in order to have all the amenities nearby. Similar to the rest of the world – especially the capital cities in Asia and Europe – people are turning to apartment living to be located close to the city, a trend I believe will be highly prevalent in Australia in the next century.
We started 2012 with a bang, sitting around a 95% clearance rate in our first five weeks of auctions. In February, we sold a three-bedroom, single-fronted house in <a target="_blank" href="https://realestate.melbournetimesweekly.com.au/overview/3321823/417-barkly-street-brunswick-3056/">Barkly Street</a> for $1.01 million – the highest price ever achieved for a single-fronted house in Brunswick. We’re also expecting a four-bedroom home in <a target="_blank" href="https://www.domain.com.au/Property/For-Sale/House/VIC/Brunswick-East/?adid=2009560271">Kingfisher Gardens</a> to draw a lot of interest due to its proximity to cafes, shops and public transport. A few auction sales have been 10% to 15% above the reserve, proof of increased buyer confidence, especially compared to last year when we had properties selling up to 10% below the asking price.
Auction activity has now cooled off slightly as more sellers put their homes on the market. Still, we’re finding that any properties not selling at auction are being sold pretty soon after. Auctions have now become part of a process for obtaining that final sales result. Often we need an auction to transpire to truly see what a property is worth, and for vendors to understand what the market’s willing to pay for their home.
<img src="/images/stories/brunswick2.jpg">
We’re finding sellers also prefer auctions because unlike private sales, auctions are regulated. Vendors know an auction sale is final and not subject to any clauses such as finance or building inspections. Private sales, on the other hand, can typically take much longer and because they’re unregulated – buyers can get caught up in various bidding methods, be it a closed ballot, boardroom auction or informal bidding war.
Price-wise, last year was definitely a better opportunity for investors in Brunswick, but unfortunately a lot of them weren’t financially ready to buy at the time and they’re now competing – and often being priced out – by first-home buyers returning to the market.
Looking ahead, I think the doom and gloom from last year is gone and buyers are ready to settle down and secure their homes. Across the board, I predict a 5% increase in prices in areas within a 10-kilometre radius of the city – including Brunswick, <a target="_blank" href="https://www.propertyobserver.com.au/victoria/top-10-victorian-capital-growth-hotspots-with-ivanhoe-a-shining-star-for-past-five-years-reiv/2012040254123">which was listed by the REIV in the top 10 growth suburbs for the five years ending 2011.</a> Clearance rates in Melbourne will remain around 58% to 63% all year, with Brunswick a little higher at 70% to 75%. Even throughout 2011 our clearance rates were hovering around 60%, attributed mainly to buyers seeing us as an affordable alternative to the more affluent neighbourhoods of Fitzroy, Carlton and Northcote. Currently our days on market are sitting at 38 days – a slight improvement from last year at 43 days – and I expect this to stay consistent for the next 18 months.
We’re at a time in the market where the playing field is pretty even, so it’s a good opportunity for both buyers and sellers alike. Buyers should bear in mind it’s always hard to find something that ticks all the boxes no matter what the state of the market, so they need to weigh up if they’re willing to sacrifice their dream home now to pay less for a property that meets 75% of their needs, or wait six months to find their perfect match when prices are higher.
Robert Elsom has 15 years’ experience in real estate and is director of <a target="_blank" href="https://www.hockingstuart.com.au/">hockingstuart </a>Carlton, Brunswick and Northcote.
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Brunswick: The hockingstuart mid-2012 autumn property review

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A good turn-out at open for inspections is one of the first indicators that the market’s kicking off – four months into the new year, that’s exactly what we’ve been witnessing in Balwyn. We’ve gone from having four or five people turn up at our opens late 2011 to groups of up to 30 this year – and this is also translating into auction attendance, with our biggest auction last weekend drawing a crowd of 60 people (pictured).
Prior to our first set of auctions kicking off late February, we were already seeing strong signs of confidence returning, with nine private sales taking place in January alone – a record number compared with the usual two or three in previous years. Everybody’s been saying for a long time “save your money or pay your mortgage off before you make your next move”. It’s clear people have listened and are now in a better position to upgrade their lifestyle.
The issue in Balwyn though, is that buyers are ready but the stock is in short supply – not dissimilar to what’s happening around the rest of Melbourne at the moment, but low stock levels has always been a challenge in Balwyn, even last year. So we have an auction-oriented market with properties selling quickly – on average we’re holding six or seven auctions per weekend sometimes up to nine or 10 – and with clearance rates of at least 80%. March in particular was an exceptional month, with 25 auctions and a 90% clearance rate (compared with an average clearance of 65% in November and December).
Our first super Saturday was also a success, with only one property out of 12 passed in – indicative of the short supply in Balwyn and high demand for quality homes. The most astute vendors are reading the market well and seeing an opportunity to put their property on the market when listing numbers are low and there’s little competition against similar properties. They’re also continuing to lean towards auctions because it gives them three opportunities to sell; pre-auction, at auction and post-auction. Buyers also tend to look at auction properties first as they know there’s a limited window of opportunity to buy them and they get snapped up more quickly.
The most popular Balwyn properties are post-war 1950s three-bedroom cream or red brick homes – they sell nearly every weekend in excess of the $1 million mark. The property at <a href="https://www.domain.com.au/ore/Public/PropertyDetails/default.aspx?adid=2009452508" target="_blank">25 Winmalee Road Balwyn</a> is a classic example of the older-style home, recently selling for $1.05 million.
While we have a typical type of house, one thing we don’t have is a typical buyer. Compared to Richmond, for example, where young couples and investors dominate the market, Balwyn boasts an eclectic mix of buyers. It’s for this reason that units such as this one on <a href="https://www.hockingstuart.com.au/?autoSearch=1&amp;OID=3798627&amp;Con=S" target="_blank">Greythorn Road</a> sell well – they’re suitable for a multitude of buyers, from young families to investors or older couples scaling back.
The number of enquiries we’re getting from potential vendors on a weekly basis is also growing – not dramatically, but we’re seeing the market balance out as buyer and vendor expectations start to align. I’m predicting that once Easter and the school holidays are out of the way, May will be our busiest month yet.
The market will remain steady but we may start to see a mild increase in values later in the year – we’re talking 3% to 5%. Days on market will start decreasing and stock levels will steadily start to increase once vendors realise the market’s picking up.
In terms of sale prices the market can be summed up with one word – realistic. Most sales are meeting expectations but not exceeding them. We’re seeing sales occur within the designated price range or slightly above reserve; they’re creeping there and just making it. Vendors are more realistic about market value, buyer confidence has grown but no one’s over-excited – not just yet.
Toby Parker is director of <a href="https://www.hockingstuart.com.au" target="_blank">hockingstuart </a>Balwyn
 
 
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Balwyn: The hockingstuart mid-2012 autumn property review

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Vendors in Sunbury, about 40 kilometres north west of the Melbourne CBD and most famous as the birthplace of The Ashes, sold on average 1.6 houses every day last year, making it Australia’s most heavily traded hotspot.
In total there were 604 sales in Sunbury in 2011, making it one of just eight locations out of Smart Investor magazine’s 601 hotspots that managed an average of at least one sale a day over the course of 2011.
The hotspot list is based on those suburbs where dwelling prices appreciated the greatest over the 12 months to December 2011.
Sunbury house prices grew by 5.3% over 2011, but are forecast to grow by only 2% over 2012.
Second on the list is Tennant Creek in the Northern Territory, nearly 1,000 kilometres from Darwin, which had 491 sales last year and is a centre of both mining exploration and cattle grazing, while another mining and agricultural town, Emerald, in the Queensland central highlands, recorded 375 sales during 2011.
The eight locations also include the outer-Melbourne suburb of Tarneit, which recorded 424 sales over 2011.
Both Sunbury and Tarneit are part of the Baillieu government’s $200 billion growth corridor plan, which aims to house 1 million people over the next 20 years in north, west and south-east Melbourne suburbs <a href="https://www.propertyobserver.com.au/victoria/a-new-adelaide-on-melbourne-s-outskirts-baillieu-government-s-growth-corridor-plans/2011110952270" target="_blank">and create a regional centre the size of Adelaide</a>.
Sunbury forms part of the City of Hume, which the Victorian government expects will “continue to play a key role in contributing to the national economy and Australia's global position, with an expectation that employment will grow to between 90,000 and 95,000 jobs”.
Tarneit is in the city of Wyndham, the fastest-growing region in Melbourne and a hotspot for residential developments with 23 active projects comprising 24,000 homes underway with Australand, Dennis Family Corporation, Multiplex, Stockland, Peet and Villawood among those involved. Tarneit’s population is forecast to grow by at least 161,000 people by 2031.
Sunbury and Tarneit are among those suburbs that will benefit from an investment program, which includes the building of new train infrastructure, major roads, revamping town centres, building 350,000 new homes and the creating jobs for 400,000 people as well as building new parks and environmental reserves.
According to legend, following a game of cricket between the English cricket team and a local side, Sir William Clarke and Lady Clarke were presented with an urn containing the ashes of a bail used during the game in their grand Sunbury mansion of Rupertswood (now the home of Salesian College).
 
<table style="width: 470px;" border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="78">
 
</td>
<td valign="top" width="56">
State
</td>
<td valign="top" width="54">
Number sold in 2011
</td>
<td valign="top" width="54">
Sales per day
</td>
<td valign="top" width="77">
Median price
</td>
<td valign="top" width="69">
Year on year change
</td>
<td valign="top" width="73">
12 month forecast
</td>
<td valign="top" width="71">
Median rent
</td>
<td valign="top" width="65">
Gross rental yield
</td>
</tr>
<tr>
<td valign="top" width="78">
Sunbury houses
</td>
<td valign="top" width="56">
Vic
</td>
<td valign="top" width="54">
604
</td>
<td valign="top" width="54">
1.65
</td>
<td valign="top" width="77">
$356,000
</td>
<td valign="top" width="69">
5.3%
</td>
<td valign="top" width="73">
2%
</td>
<td valign="top" width="71">
$318
</td>
<td valign="top" width="65">
4.7%
</td>
</tr>
<tr>
<td valign="top" width="78">
Tennant Creek houses
</td>
<td valign="top" width="56">
NT
</td>
<td valign="top" width="54">
491
</td>
<td valign="top" width="54">
1.35
</td>
<td valign="top" width="77">
$230,000
</td>
<td valign="top" width="69">
24.3%
</td>
<td valign="top" width="73">
1%
</td>
<td valign="top" width="71">
Snr
</td>
<td valign="top" width="65">
Snr
</td>
</tr>
<tr>
<td valign="top" width="78">
Canning Vale houses
</td>
<td valign="top" width="56">
WA
</td>
<td valign="top" width="54">
490
</td>
<td valign="top" width="54">
1.35
</td>
<td valign="top" width="77">
$525,000
</td>
<td valign="top" width="69">
-1.9%
</td>
<td valign="top" width="73">
5+%
</td>
<td valign="top" width="71">
$450
</td>
<td valign="top" width="65">
4.7%
</td>
</tr>
<tr>
<td valign="top" width="78">
Goulburn houses
</td>
<td valign="top" width="56">
NSW
</td>
<td valign="top" width="54">
456
</td>
<td valign="top" width="54">
1.25
</td>
<td valign="top" width="77">
$269,500
</td>
<td valign="top" width="69">
7.8%
</td>
<td valign="top" width="73">
3%
</td>
<td valign="top" width="71">
$270
</td>
<td valign="top" width="65">
5.8%
</td>
</tr>
<tr>
<td valign="top" width="78">
Traralgon houses
</td>
<td valign="top" width="56">
Vic
</td>
<td valign="top" width="54">
453
</td>
<td valign="top" width="54">
1.24
</td>
<td valign="top" width="77">
$265,000
</td>
<td valign="top" width="69">
4.7%
</td>
<td valign="top" width="73">
2%
</td>
<td valign="top" width="71">
$280
</td>
<td valign="top" width="65">
5.5%
</td>
</tr>
<tr>
<td valign="top" width="78">
Brisbane units
</td>
<td valign="top" width="56">
Qld
</td>
<td valign="top" width="54">
439
</td>
<td valign="top" width="54">
1.2
</td>
<td valign="top" width="77">
$430,000
</td>
<td valign="top" width="69">
0%
</td>
<td valign="top" width="73">
3%
</td>
<td valign="top" width="71">
$560
</td>
<td valign="top" width="65">
6.5%
</td>
</tr>
<tr>
<td valign="top" width="78">
Tarneit houses
</td>
<td valign="top" width="56">
Vic
</td>
<td valign="top" width="54">
424
</td>
<td valign="top" width="54">
1.16
</td>
<td valign="top" width="77">
$370,000
</td>
<td valign="top" width="69">
4.2%
</td>
<td valign="top" width="73">
0%
</td>
<td valign="top" width="71">
$300
</td>
<td valign="top" width="65">
4.2%
</td>
</tr>
<tr>
<td valign="top" width="78">
Emerald houses
</td>
<td valign="top" width="56">
Qld
</td>
<td valign="top" width="54">
375
</td>
<td valign="top" width="54">
1.03
</td>
<td valign="top" width="77">
$412,250
</td>
<td valign="top" width="69">
8.5%
</td>
<td valign="top" width="73">
5+%
</td>
<td valign="top" width="71">
$550
</td>
<td valign="top" width="65">
7.6%
</td>
</tr>
</tbody></table>
Source: Smart Investor
Photograph by Elizabeth Donoghue, courtesy of <a href="https://www.flickr.com/" target="_blank">Flickr</a>.
 
 
 
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Sunbury tops list of most traded hotspots, with more than one house sold a day

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Prahran is one of Melbourne’s auction hotspots, with its 2012 clearance rate running at 75%.
The suburb, which has a good supply of Victorian houses, is attracting buyers who just can’t find anything as affordable in Toorak, Armadale or South Yarra.
''The better streets of Prahran and East Prahran, where there's been some market activity of late, are drawing what we call 'lateral buyers','' Marshall White agent Marcus Chiminello told Fairfax Media.
''They are buyers who are happy to compromise on postcode if they can get similar amenity nearby.''
{yoogallery src=[images/stories/april3grandview]}
RT Edgar agent Jeremy Fox, who sold the top-selling house at the weekend in Prahran, at 4 Grandview Grove (pictured above), says the market appears to be improving.
The house was described as a stunning single-level Italianate Victorian residence renovated and extended under supervision of Carr Design and featuring pool and spa, high ceilings, floor to ceiling glass, return driveway and two street frontages.
With three bidders, the house on 918 square metres fetched $4.57 million, having been listed with initial $4 million-plus hopes. It was announced on the market at $4.32 million, according to the James Buyers Advocates report.
Fox says there are a lot of people trading up their houses now and a lot of people coming from overseas.
Prahran had the highest number of auctions on the weekend, with 13 out of 17 reported results sold, reflecting a 76% weekend clearance rate.
Real estate agency hockingstuart says <a target="_blank" href="https://www.propertyobserver.com.au/residential/prahran-the-hockingstuart-mid-autumn-2012-property-review/2012040254120">Prahran will continue to have strong capital growth.</a>
 
 
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Prahran a Melbourne auction hotspot as buyers trade down from Toorak

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The Real Estate Institute of Victoria has released a list of the 10 Victorian suburbs with the highest capital growth rates over the past five years and over the past one year. Only the north-eastern Melbourne suburb of Ivanhoe appears on both lists, with 7% capital growth in the past year and a remarkable 94% capital growth over the past five years.
One-year capital growth Victorian hotspots:
<img src="/images/stories/15percent.gif">
The capital growth in the past year in Derrimut, according to the Real Estate Institute of Victoria. House prices increased from a median of $400,000 in 2010 to a median of $460,000 in 2011.
 
<hr>
 
<img src="/images/stories/13percent.gif">
The capital growth in the past year in Healesville, according to the Real Estate Institute of Victoria. House prices increased from a median of $372,500 in 2010 to a median of $421,000 in 2011.
 
<hr>
<img src="/images/stories/9percent.gif">
The capital growth in the past year in Fitzroy, according to the Real Estate Institute of Victoria. House prices increased from a median of $835,000 in 2010 to a median of $912,500 in 2011.
 
<hr>
<img src="/images/stories/9percent.gif">
The capital growth in the past year in Taylors Lakes, according to the Real Estate Institute of Victoria. House prices increased from a median of $470,000 in 2010 to a median of $510,000 in 2011.
 
<hr>
<img src="/images/stories/8percent.gif">
The capital growth in the past year in Melton, according to the Real Estate Institute of Victoria. House prices increased from a median of $470,000 in 2010 to a median of $510,000 in 2011.
 
<hr>
 
<img src="/images/stories/8percent.gif">
The capital growth in the past year in Cairnlea, according to the Real Estate Institute of Victoria. House prices increased from a median of $482,000 in 2010 to a median of $519,750 in 2011.
 
<hr>
<img src="/images/stories/8percent.gif">The capital growth in the past year in Toorak, according to the Real Estate Institute of Victoria. House prices increased from a median of $2,385,000 in 2010 to a median of $2,567,500 in 2011.
<hr>
 
<img src="/images/stories/7percent.gif">
The capital growth in the past year in Chirnside Park, according to the Real Estate Institute of Victoria. House prices increased from a median of $450,000 in 2010 to a median of $483,500 in 2011.
 
<hr>
<img src="/images/stories/7percent.gif">  
The capital growth in the past year in Ivanhoe, according to the Real Estate Institute of Victoria. House prices increased from a median of $1,075,000 in 2010 to a median of $1,152,500 in 2011.
 
<hr>
 
 
 
Five-year capital growth hotspots
 
<img src="/images/stories/94percent.gif">
The capital growth in the past year in Ivanhoe, according to the Real Estate Institute of Victoria. House prices increased from a median of $595,000 in 2006 to a median of $1,152,500 in 2011.
 
<hr>
 
<img src="/images/stories/87percent.gif">
The capital growth in the past year in Albert Park, according to the Real Estate Institute of Victoria. House prices increased from a median of $717,500 in 2006 to a median of $1,340,000 in 2011.
<hr>
 
<img src="/images/stories/86percent.gif">
The capital growth in the past year in Sunshine North, according to the Real Estate Institute of Victoria. House prices increased from a median of $234,000 in 2006 to a median of $435,000 in 2011.
<hr>
<img src="/images/stories/86percent.gif">
The capital growth in the past year in Braybrook, according to the Real Estate Institute of Victoria. House prices increased from a median of $230,500 in 2006 to a median of $428,500 in 2011.
 
<hr>
 
<img src="/images/stories/84percent.gif">
The capital growth in the past year in St Albans, according to the Real Estate Institute of Victoria. House prices increased from a median of $210,000 in 2006 to a median of $386,000 in 2011.
 
<hr>
 
<img src="/images/stories/81percent.gif">
The capital growth in the past year in Sunshine, according to the Real Estate Institute of Victoria. House prices increased from a median of $238,000 in 2006 to a median of $430,000 in 2011.
 
<hr>
 
<img src="/images/stories/80percent.gif">
The capital growth in the past year in Brunswick East, according to the Real Estate Institute of Victoria. House prices increased from a median of $430,750 in 2006 to a median of $776,000 in 2011.
 
<hr>
 
<img src="/images/stories/80percent.gif">
The capital growth in the past year in Doveton, according to the Real Estate Institute of Victoria. House prices increased from a median of $183,000 in 2006 to a median of $329,500 in 2011.
 
<hr>
 
<img src="/images/stories/79percent.gif">
The capital growth in the past year in Airport West, according to the Real Estate Institute of Victoria. House prices increased from a median of $315,000 in 2006 to a median of $565,000 in 2011.
 
<hr>
 
<img src="/images/stories/78percent.gif">
The capital growth in the past year in Springvale, according to the Real Estate Institute of Victoria. House prices increased from a median of $265,000 in 2006 to a median of $472,000 in 2011.
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Top 10 Victorian capital growth hotspots, with Ivanhoe a shining star for past five years: REIV

<html><body>
Rose Porteous placed a $4.5 million vendor bid when her redundant Toorak abode went to weekend auction. The Perth socialite bought the Irving Road house for $4.75 million in 2007. The Georgian-style residence comes with a double-height entrance hall. It was listed with Phillip French and Jeremy Fox at RT Edgar.
<img style="border-style: initial; border-color: initial;" src="/images/stories/porteous2.jpg">
The three-bedroom, four-bathroom house comes with lift access. Any sale will draw the curtain on Porteous's plentiful Toorak property plays, which have filled the city's society columns for much of the past decade.
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