Malaysian developer <a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> is the latest to jump into St Leonards booming Transport Oriented Development precinct.

The developer, which has previously delivered Sapphire by the Gardens apartment development in Melbourne, identified the Atchison Street site in 2023. It filed a Scoping Report around 12 months ago, and now has revealed the designs for the new&nbsp;40-storey mixed-use tower.

The State Significant Development Application covers <a href="https://next-portal.urban.com.au/projects/14650/summary">20-22 Atchison Street</a>, a 1,374 sqm site positioned between St Leonards Station and the new Crows Nest Metro station.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the project would deliver 181 apartments, above a four-storey commercial podium, five basement levels, and new public domain works along Mitchell Street. The apartment mix comprises 35 one-bedroom apartments, 39 one-bedroom-plus-study apartments, 85 two-bedroom apartments, and 22 three-bedroom residences.

The proposal has been lodged as a shop-top housing development under the NSW Government’s TOD planning pathway, which allows increased density around key transport infrastructure. The site sits within the recently rezoned Crows Nest Accelerated TOD Precinct.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b799673d-48e2-46b0-801a-0e33a9330100" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20site.png?VersionId=dPh0UfwfaHpbFL1R7H1cbZNbIW0CHbCC" />

SP Setia acquired the Atchison Street site as part of its continued expansion into the Australian apartment market. In comments made to City &amp; Country (The Edge Malaysia) in 2023, SP Setia President and CEO Datuk Choong Kai Wai described the acquisition as “a strategic move” aligned with the group’s post-pandemic market recovery strategy.

“Our target for this exceptional development is local and overseas buyers, including first-home buyers, downsizers and investors,” Choong said.

The tower has been designed as a slender vertical form rising from a mixed-use podium, with COX Architecture positioning the development as a response to the evolving St Leonards and Crows Nest skyline.

“The purpose of the project is to facilitate the delivery of high-quality housing at a strategically located site and deliver a built tower outcome that is consistent with the desired future character of St Leonards and aligns with the TOD controls,” the design report stated.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="b1a85eee-76f7-436c-a6da-73ba827b9b13" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/atchinson%20entry.png?VersionId=dA9jHGPMcm.dDbwk4QfxqWiY5bfh3UVt" />

The podium would incorporate retail uses fronting Atchison Street, commercial tenancies, landscaped communal areas, and pedestrian improvements along Mitchell Street. Vehicle access and loading would be consolidated via Atchison Lane.

Residents would have access to more than 665 sqm of communal indoor and outdoor spaces, while the development proposes 96 parking spaces across five basement levels.

The proposal also includes a commitment for 10 per cent of residential floor space to be allocated toward affordable housing through a monetary contribution.

COX said the tower form responds directly to the emerging high-density character of the precinct while seeking to maximise solar access, cross ventilation, and outlook from apartments.

<img alt="First look: SP Setia targets St Leonards skyline with 40-storey TOD tower" data-entity-type="file" data-entity-uuid="2163f85c-f63b-4be3-aafa-f8763976cec5" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29_5.png?VersionId=WiAmtIKJ6.ZQ41EtYEQ1fol7AeorKBlL" />

“The building is orientated towards north,” the Apartment Design Guide compliance report noted, adding that the tower’s slim form was driven by the constrained inner-urban site dimensions.

The design also incorporates landscaped setbacks and communal open space at podium level, intended to soften the interface with surrounding streets and improve pedestrian amenity.

The project adds to a growing wave of redevelopment proposals reshaping St Leonards and Crows Nest following the opening of the Sydney Metro City line and the NSW Government’s push for higher-density housing around major transport nodes.

Last week Stockland filed plans just down the road. They want to build a <a href="https://www.apartments.com.au/new-apartments/601-pacific-highway-st-leonards-nsw-2065">52-storey tower on Pacific Highway</a>.

Read more:&nbsp;<a href="https://www.apartments.com.au/news/nsw/first-look-stockland-plans-52-storey-538-apartment-st-leonards-tower">First look: Stockland plans 52-storey, 538-apartment St Leonards tower&nbsp;</a>

Joel Robinson

First look: SP Setia targets St Leonards skyline with 40-storey TOD tower

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> has revealed plans for a new mixed-use tower at 10 Dangar Street, Wickham, advancing a proposal that would reshape the southern gateway to Newcastle’s city centre with one of the city’s tallest residential buildings.

The State Significant Development proposal, now on exhibition, seeks approval for a <a href="https://www.apartments.com.au/new-apartments/bowline-10-dangar-street-wickham-nsw-2293">43-storey tower</a> immediately adjacent to the Newcastle Interchange. The project would deliver around 200 apartments, including 42 affordable housing dwellings, alongside 99 co-living units, a 171-room hotel, retail space, and new public domain integrated through the site.

The scheme marks a significant escalation of plans previously approved for the site. Urban Property Group took over the prominent 2,904 sqm parcel, where excavation and demolition had already commenced under an earlier consent for a 14-storey mixed-use development.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="58a96dd9-407f-4d20-86b4-94e4bfeef74b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20podium.png?VersionId=LGlf08pdFGAZDzvx_CXC4XakHNZRuEE0" />

Designed by <a href="https://www.apartments.com.au/architects/sjb-architects">SJB</a>, the tower has been conceived as a landmark transit-oriented development anchored to the Newcastle Interchange precinct. The proposal includes 245 build-to-sell apartments across a mix of one, two, and three-bedroom residences, as well as two penthouses. Fifteen apartments and one operational unit are earmarked for NDIS housing. The co-living component would add a further 99 units, while the podium would accommodate retail uses and hotel facilities.

SJB said the site presents “a valuable opportunity to anchor the precinct by setting the standard for design, active ground planes and character at the key southern gateway.”

The architecture responds directly to the site’s position beside major transport infrastructure and within one of Newcastle’s fastest-evolving urban renewal precincts. The tower form sits above a sculpted podium designed to frame new public spaces, including a through-site pedestrian link connecting Station Street to Hannell Street, landscaped plazas, and activated retail edges.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="a7bd6ff0-f7db-4ce8-a6dc-ea56e72c6149" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20lanne.png?VersionId=xzf39VADyhj7zBQY2I9fx9vI62u2tuSb" />

The design report describes the project as part of the broader transition of Wickham into “a vibrant, high-quality mixed-use urban precinct” that leverages proximity to the station, open space, and regional connectivity.

A detailed public art strategy has also been prepared for the development. The strategy positions the project as “a transit-oriented development of state significance at the gateway to Newcastle’s city centre” and outlines a series of integrated artworks responding to Newcastle’s industrial and transport heritage.

Creative Road’s curatorial framework for the project, titled Unveil, draws on “stratified surfaces, carved volumes, and light-filled apertures” while referencing Newcastle’s transformation from an industrial city into a contemporary education and technology hub.

<img alt="First look: Urban Property Group unveils Newcastle’s next supertower at Wickham interchange" data-entity-type="file" data-entity-uuid="77a882bb-14b1-4d28-99ff-9438e39508c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/wickham%20site.png?VersionId=cevgo_vN0eKPK78P8YcEu3mKPLkpFqE7" />

The proposal is being advanced through the NSW Housing Delivery Authority pathway after being declared State Significant Development in June 2025. The accompanying scoping report states the development aims to “maximise the site’s proximity to the Newcastle Interchange by delivering transit-oriented development” while increasing housing supply and affordable housing provision within the Newcastle LGA.

Urban Property Group’s plans align with the long-term strategic vision established under the Wickham Master Plan, which identified the interchange precinct as suitable for substantial uplift in height and density. The current proposal would significantly intensify that vision, positioning the tower among the tallest developments proposed for Newcastle.

The site sits immediately north of the Newcastle Interchange, bounded by Dangar Street, Hannell Street, and Charles Street. It is surrounded by a rapidly growing cluster of residential towers and mixed-use projects that have emerged following the completion of the light rail and transport interchange.

First look: Urban Property Group unveils Newcastle’s latest tower at Wickham interchange

Bottega House has completed settlement of a landmark riverfront site in Macquarie Street, St Lucia, representing its first major Brisbane development.&nbsp;

Positioned on the banks of the Brisbane River, the <a href="https://www.apartments.com.au/new-apartments/180-macquarie-street-st-lucia-qld-4067">premium site at 180 Macquarie Street</a> features uninterrupted river frontage in one of Brisbane’s most tightly held residential precincts.&nbsp;

The proposed development, currently under assessment with Brisbane City Council, has been designed by <a href="https://www.apartments.com.au/architects/plus-studio">Plus Studio</a> with interiors by <a href="https://www.apartments.com.au/interior-designers/mim-design">Mim Design</a> and will deliver a boutique collection of premium residences positioned specifically for owner occupiers and downsizers.&nbsp;

The residences are set to redefine luxury apartment living in the area, with a focus on architectural quality, refined finishes, landscape integration and elevated amenities including curated wellness facilities, resort-style pools and recreation spaces rarely seen in the local market.&nbsp;

Exclusive sales for the project will be led by Keenan &amp; Byrne, ahead of an anticipated launch later this year.&nbsp;

Bottega House Managing Director Nick Malloch said the project reflects the group’s ambition to deliver a highly curated residential offering within one of Brisbane’s most tightly held precincts.&nbsp;

“This is an incredibly rare riverfront opportunity and one we have approached with a long-term perspective,” Malloch said.&nbsp;

“Our vision from the outset was to create a boutique collection of residences that feel more like private homes than traditional apartments, with generous proportions, refined finishes and exceptional amenity throughout."

Malloch says there is a&nbsp;lack of premium owner-occupier stock of this quality in the market, particularly for downsizers wanting space, privacy and a true lifestyle offering without compromise.&nbsp;

"Demand is expected to be strong given the scarcity of premium riverfront opportunities of this nature within Brisbane’s inner-west."&nbsp;

Bottega House secures landmark riverfront site in St Lucia 

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The arrival of the first piling rig officially marks the commencement of construction at SIERA’s new beachside apartment development, Exhale, in Northcliffe.

<a href="https://www.apartments.com.au/new-apartments/exhale-surfers-paradise-8-enderley-avenue-surfers-paradise-qld-4217">Exhale</a>, a glass-encased tower featuring 54 large-scale apartments at 8 Enderley Avenue, is SIERA’s third Gold Coast development. It follows the recently completed PIPIS Bilinga beachfront project, which achieved suburb-record prices, and the soon-to-be-completed Chevron Island development, Tapestry.

[smartcode_project:default project_id=112661 project_image_fid=359603]

<a href="https://www.apartments.com.au/developers/siera">SIERA</a> Founder and Managing Director Brent Thompson said the arrival of the piling rig represented a significant milestone for the development, which is scheduled for completion in late 2028.

Over the next month, around 260 piles are expected to be installed as work progresses on the basement structure. The building is anticipated to rise above ground level early next year, before unveiling its sculptural glass curtain wall, developed in collaboration with specialist façade engineers.

“The façade was designed to maximise panoramic coastal views while creating a distinctive architectural identity,” Thompson said.

[smartcode_project:default project_id=112661 project_image_fid=355935]

Designed by BDA Architecture, Exhale will comprise just 54 two- and three-bedroom residences across 26 levels, a level of low-density living rarely delivered in this beachside pocket between Surfers Paradise and Broadbeach.

The project has been conceived as a resident-only building, with no short-stay accommodation permitted. SIERA says the model is intended to appeal to long-term owner-occupiers rather than transient holiday demand.

[smartcode_project:default project_id=112661 project_image_fid=361052]

Residences have been designed with large-format layouts and expansive glazing, with most apartments featuring more than 30 metres of glass frontage to maximise natural light and ocean views.

The amenity offering spans two levels and centres on wellness and lifestyle, including a heated magnesium pool, sauna, yoga and Pilates studio, gymnasium, private dining facilities, cinema lounge, and dedicated surfcraft storage.

[smartcode_project:default project_id=112661 project_image_fid=359607]

More than half of the apartments have already sold. SIERA has also opened a sales gallery for Exhale at its Chevron Island commercial premises, near its Tapestry tower and the site of its second Chevron Island apartment development, which is slated to launch in early 2027.
</section>
</section>

[smartcode_project_cta:default project_id=112661]

SIERA kicks off construction at Northcliffe tower Exhale

Local Little Bay residents, along with buyers from premium postcodes across Sydney’s affluent Eastern Suburbs, have dominated purchases in developer-builder Urban Property Group’s first Eastern Suburbs apartment development, <a href="https://www.apartments.com.au/new-apartments/este-little-bay-jennifer-street-little-bay-nsw-2036">ESTE Little Bay</a>.

The $250 million coastal project, one of the first new developments in the area in several years, has proven particularly popular with downsizers, especially those from Coogee and Bondi. One Double Bay downsizer paid $4.7 million for a four-bedroom penthouse, setting a new local apartment price record in the process.

Buyers have been attracted to the combination of coastal tranquillity, premium design and amenity-rich neighbourhood living. The walkable village setting, along with proximity to three of Sydney’s leading golf courses, New South Wales Golf Club, St Michael’s Golf Club and The Coast Golf Club, has also been a key drawcard.

[smartcode_project:default project_id=112343 project_image_fid=352689]

Built across two low-rise buildings designed by <a href="https://www.apartments.com.au/architects/hill-thalis-architecture-urban-projects-pty-ltd">Hill Thalis</a> and set along a lush, landscaped green spine, designed by leading landscape architect <a href="https://www.apartments.com.au/landscape-architect/arcadia-landscape-architecture">Arcadia</a>, ESTE Little Bay offers a collection of one, two, three and four-bedroom residences with interiors by Richards Stanisich.

<a href="https://www.apartments.com.au/developers/urban-property-group">Urban Property Group</a> Sales Director, Tom McIvor said the response to ESTE has been "nothing short of extraordinary."

“Buyers have been quick to recognise ESTE as a rare opportunity to invest in a coastal sanctuary that offers both seclusion and connectivity to the heart of Sydney,” McIvor said.

[smartcode_project:default project_id=112343 project_image_fid=352687]

<a href="https://www.apartments.com.au/project-marketer/srm-residential">SRM Residential</a> Senior Director, <a href="https://www.apartments.com.au/project-marketer/srm-residential">Clayton Ross</a> said the local market has responded incredibly well, driven by ESTE’s exceptional location and the rarity it offers.

“We’ve seen strong interest from a variety of buyer groups, all of whom are drawn to the exclusivity and quality of the build and construction by the 4.5-star iCIRT-rated builder / developer, Urban Property Group. There’s truly nothing else like it along Sydney’s coastline.”

[smartcode_project:default project_id=112343 project_image_fid=352690]

The project also includes robust buyer protections, including Resilience Insurance’s Latent Defects Insurance, providing 10 years of structural cover, and an independent iCIRT-rating of the developer.

“The iCIRT-rating adds another layer of confidence,” Ross added. “Buyers see it as a safeguard for their investment and their lifestyle.” A highlight of ESTE’s offering is its exclusive wellness amenities, including a heated rooftop infinity pool and outdoor heated spa, a state-of-the-art Technogym fitness centre, and a sauna.

<a href="https://www.apartments.com.au/new-apartments/este-little-bay-jennifer-street-little-bay-nsw-2036">ESTE Little Bay</a> is topped out and is on track to complete towards the end of 2026, with residents moving in before Christmas.

[smartcode_project_cta:default project_id=112343]

Eastern Suburbs buyers snap up ESTE Little Bay apartments

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?

Boutique Perth developer ADC has unveiled its latest project.

The developer, which focuses on bringing apartments to some of Perth's most premium inner-city and riverside suburbs, has launched <a href="https://www.apartments.com.au/new-apartments/mos-lane-mosman-park-46-manning-street-mosman-park-wa-6012">Mos Lane</a>, 68 luxury apartments and townhouses in the heart of <a href="https://www.apartments.com.au/developments/mosman-park-wa-6012">Mosman Park</a>.

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Alongside the one-, two-, three- and four-bedroom apartments, the development will also include five two-level townhomes and two luxe penthouses. ADC is also introducing a significant retail offering for residents through Mos Lane Village, which will feature a wellness studio, fish and chips shop, barber, and florist, adding a layer of amenity not typically found in the predominantly residential Mosman Park area.

Construction has already commenced on the project, which sits just a short walk from the Swan River, Mosman Park Bowls Club, and Mosman Park Golf Course.

House Agency Directors Tom House and Lachlan McDonald say they are fielding the majority of buyer interest from local downsizers, as well as buyers with a long-standing affinity for Mosman Park.
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[smartcode_project:default project_id=148957 project_image_fid=364591]

Mos Lane will comprise two buildings; Samson House and Manning House, which have been designed by&nbsp;<a href="https://www.apartments.com.au/architects/nelson-koo">Nelson + Koo</a>, an emerging design consultancy specialising in the masterplanning and design of mixed use places and spaces.

The two buildings adopt distinct architectural responses to their surroundings. Manning House references the strong roof forms of nearby homes, with floorplates oriented to maximise light and long-range views, while Samson House is organised around a central atrium designed to bring daylight deep into the building and create a greater sense of openness.

At ground level, the inclusion of five townhomes introduces a typology more commonly associated with Mosman Park’s established streets, each with private courtyards and direct frontage, offering a transition between traditional housing and apartment living.

[smartcode_project:default project_id=148957 project_image_fid=364103]

Interiors have been led by Melbourne-based Hecker Guthrie, with an emphasis on practical, long-term liveability. Residences incorporate sculpted joinery, generous storage and flexible multi-purpose rooms that can adapt to changing household needs, whether for working from home, guest accommodation or additional living space.

Material selections draw on a restrained palette of textured stone, timber and neutral tones, with options for lighter or darker schemes. Detailing such as fluted glass, full-height joinery and integrated appliances is intended to balance functionality with a more refined residential finish.

Outdoor spaces are a consistent feature across the development, with balconies and terraces designed for dining and entertaining, and larger apartments incorporating outdoor kitchens. Orientation has been considered to allow residents to choose between morning or afternoon sun, while mature street trees and landscaped communal areas contribute to a softer streetscape.

[smartcode_project:default project_id=148957 project_image_fid=364107]

Shared amenities are positioned to support both day-to-day convenience and occasional use. These include a private dining room with a caterer’s kitchen, alfresco entertaining areas, and a bookable guest suite for visiting friends and family. Additional practical features such as a resident workshop, storage facilities, car and pet wash areas, and concierge-style services for cleaning and dry-cleaning collection reflect a focus on usability.

Positioned between the Swan River and Cottesloe Beach, and within reach of schools such as Iona Presentation College and St Hilda’s Anglican School, the development is aimed at a broad buyer group, from downsizers seeking a lower-maintenance alternative to larger homes, through to local residents looking to remain in the area in a different housing format.

Mos Lane represents one of the more significant additions to Mosman Park’s limited pipeline, combining new housing supply with a village-style retail centre in a suburb where opportunities for large-scale redevelopment are relatively constrained.

[smartcode_project_cta:default project_id=148957]

Living village precinct set for Mosman Park as ADC launches Mos Lane

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Perth’s vacancy rate has dropped to 5.3 per cent - the lowest since July 2015.
REIWA President Hayden Groves said Perth’s latest vacancy rate for January 2018 had improved significantly.
“It’s quite remarkable to see it this low considering seven months earlier Perth’s vacancy rate soared to 7.3 per cent – the highest we have ever experienced, and now it’s back at levels last seen in 2015.
“The vacancy rate is a good indicator for how the entire rental market is tracking, with reiwa.com data for February showing stable rent prices and declining listing levels. Leasing activity did drop off in February, however levels are still healthy and trending above long term averages,” Mr Groves said.
The reiwa.com vacancy rate is compiled using data obtained from a monthly survey of REIWA members.
The survey details how many rental properties members manage and how many of those are vacant.
Mr Groves said there were a number of factors that had contributed to lowering the vacancy rate, such as an increase in population growth and a reduction in average tenure time.
“Population growth in WA has started to improve. Rental markets always feel the effects of population trends, with new entrants into the state the first to soak up rental stock.
“Tenants are also moving more frequently. In 2014 for example, the average tenure time was 45 months, fast forward to 2017 and it’s now 34 months, which is almost a full year less. This has led to an increase in leasing activity which has driven demand for rentals and had a positive effect on the vacancy rate.
“Another contributing factor is the reduction in the number of new dwelling commencements across the Perth Metro area. This has played an important role in lowering the vacancy rate. With less new dwellings coming onto the market, existing rental stock is now being soaked up, which is why rental listings have declined 19 per cent over the last year.
“After a challenging few years for landlords and investors, it’s pleasing to see some parity return to the rental market, with tenants and landlords seeing benefits simultaneously,” Mr Groves said. 
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Perth vacancy rate lowest it’s been in more than two years

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Regional WA’s median house price increased 2.9% during the December 2017 quarter, outperforming the Perth metro region.
REIWA President Hayden Groves said eight regional centres experienced positive median house price growth, with Karratha the top performer with a 13.5% improvement.
Busselton, Albany and Esperance also recorded strong price growth, lifting 9.8%, 7.2% and 6.3% respectively.
“Pleasingly, house prices improved across the board, with centres both north and south of Perth showing positive growth,” Groves said.
Kalgoorlie/Boulder, Northam and Port Hedland were the only regions to record declines.
“After recording a significant 19.5% increase in median house price in the September quarter, Port Hedland’s median house price had a minor adjustment in the December quarter,” Groves said. 
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There were 1,191 house sales across regional WA in the December 2017 quarter with overall house sales declining in the December quarter.
REIWA data shows sales activity in Northam, Karratha and Esperance increased, while volumes in Busselton and Bunbury were stable.
“With the exception of Northam, these regional centres all saw their median house price improve as well,” Groves said.
"After a challenging couple of years, Karratha, Esperance, Busselton and Bunbury are exhibiting strong signs they are starting to recover.”
It was 10 days quicker to sell a property in regional WA during the December 2017 quarter than it was in the September 2017 quarter, an overall improvement in selling times experienced in six regional centres.
The average time to sell in Kalgoorlie/Boulder reduced by 36 days in the December quarter, while Busselton decreased by 24 days and Mandurah/Murray by 15 days.
Port Hedland, Bunbury, and Karratha also experienced reductions in average selling days.
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Regional WA outperforms Perth for price growth in latest quarter

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In 2005, when I was chair of the <a href="http://www.soilscienceaustralia.org/ncst" target="_blank">National Committee on Soil and Terrain</a>, I started a debate: where is Australia’s whitest beach? This was a diversion from the committee’s normal business of looking at the sustainable management of Australia’s soils, but it led down a path I hadn’t expected.
What began as a bit of after-hours banter became a serious look across Australia in search of our whitest beaches. New South Wales had already laid claim to the title, arguing that Hyams Beach at Jervis Bay has the <a href="https://www.propertyobserver.com.au/https://open.abc.net.au/explore/28273" target="_blank">whitest sand in the world</a>, purportedly backed up by Guinness World Records.
As it turned out, both claims were false. Guinness World Records has no such category, and the whitest beach (as we found) is actually elsewhere.
<a href="https://images.theconversation.com/files/198664/original/file-20171211-9383-1x292qs.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/198664/original/file-20171211-9383-1x292qs.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a>
Hyams beach in Jervis Bay, NSW, has been rumoured to have the whitest sand in Australia. Kristina Kl./Flickr, Author provided
So we drafted terms of reference, and the search for <a href="http://www.whitestbeach.com" target="_blank">Australia’s Whitest Beach</a> began. Over the next year samples were collected across the nation. The criteria were simple: samples had to be taken from the swash zone (the gently sloping area between the water and the dunes) and the samples could not be treated in any way apart from air-drying. No bleaching. No sieving out of impurities. Marine environment only.
The results of the first judging in 2006 were startling. Of all the states and territories, the much promoted Hyams Beach in New South Wales came in fourth. Third was Victoria, second Queensland, and first Western Australia.
The other states and territories came in at Tasmania fifth, Northern Territory sixth, and South Australia seventh. The ACT didn’t have a beach to sample, although technically some of the Commonwealth lands around our coasts could possibly come in under their banner (but that’s another debate altogether).
<a href="https://images.theconversation.com/files/198662/original/file-20171211-9383-1y7qak8.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/198662/original/file-20171211-9383-1y7qak8.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a>
A sample of the main contenders for the whitest beach in Australia. Unfortunately, samples submitted from South Australia didn’t make the final cut. Photo: Noel Schoknecht, Author provided
The winning beach was Lucky Bay in Cape Le Grand National Park on WA’s south coast, but in reality any of the beaches in this area could have been winners – Hellfire Bay, Thistle Cove and Wharton’s beach (just to name a few) are all magnificently white.
A quick qualification here: the southwestern end of Lucky Bay, where many people enter the beach, is covered with seaweed – not the whitest bit! I should also note that all of the finalists in the whitest beach challenge were in their own right fabulously white. But when compared side-by-side, some beaches are clearly whiter than others.
The Queensland team felt aggrieved, so in 2007 I carried out a repechage with new samples from Queensland at Whitehaven Beach in the Whitsundays, and Lake McKenzie on Fraser Island. Lake McKenzie was ultimately disallowed as it is a freshwater lake and the rules stipulated a marine environment. Meanwhile, Whitehaven didn’t quite cut the mustard in the judging and Lucky Bay in WA was again the winner.
<a href="https://images.theconversation.com/files/198665/original/file-20171211-9416-v5kr92.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/198665/original/file-20171211-9416-v5kr92.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a>
Whitehaven beach in Queensland just missed out on the top spot in the recount. Jared Yeh/Flickr, <a class="license" href="http://creativecommons.org/licenses/by-nc-sa/4.0/" target="_blank">CC BY-NC-SA</a>
<h2>So what makes a beach white, and is it important anyway?</h2>
The assessments were based on a visual comparison, so to remove any possible visual bias after the 2007 challenge all the samples were scanned for their reflectance – how much light bounced off the sand, essentially – in the visible and infrared wavelengths. Our assumption was that higher reflectance throughout the visual spectrum correlates with greater whiteness.
As it turned out, the results from the scanning exactly correlated with the visual assessments. The eye is quite good at discerning small differences in colour and reflectance. (More background and the results from the competition are available <a href="http://www.whitestbeach.com" target="_blank">here</a>.)
So what makes a beach white? Obviously, a pristine environment helps. Another factor is the distance from rivers, which deliver coloured organic and clay contaminants to the coast.
The geology of the area and the source of the sand are also critical, with quartz seemingly a major requirement for fine sands. Most white sandy beaches are derived from granitic, or less commonly sandstone, geologies that weather to produce fine, frosted quartz sand grains. Interestingly, sands made from shell or coral fragments just aren’t as white.
<a href="https://images.theconversation.com/files/198671/original/file-20171212-9392-1b85svb.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/198671/original/file-20171212-9392-1b85svb.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""></a>
The source of the sand is very important; sand made from shells or coral aren’t as white as quartz. Tracey Croke/Flickr, <a class="license" href="http://creativecommons.org/licenses/by/4.0/" target="_blank">CC BY</a>
<h2>Is it important?</h2>
While this competition began in fun, I do believe it’s important. Beaches are places of refuge in this crazy world, and a pristine white beach indicates a cleanliness that is worth striving for. The reflectance of light off these sands through shallow waters near the beach creates a surreal, magical turquoise colour. White beaches are like the canary in the coalmine – once they’re spoiled, we know we’re in trouble.
Even though this study was a first look at some of Australia’s whitest beaches, and sampling was limited, it did highlight the sheer number of wonderful sandy beaches that Australia has.
The story’s not finished though. There are many white beaches out there yet to be sampled, and if you’d like to alert me to your potentially award-winning beach please <a href="https://www.propertyobserver.com.au/whitestbeachinaustralia@gmail.com" target="_blank">email me</a> or leave a comment on the <a href="https://whitestbeach.com/feedback/" target="_blank">whitest beach website</a>.
It’s our responsibility, and I believe honour, to protect these amazing places. I’m sure there are more wonderful beaches out there that we haven’t sampled which may defeat Lucky Bay.
<img src="https://counter.theconversation.com/content/88393/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1">Shelburne Bay in northern Queensland, for example, is a contender yet to be sampled, and there are some magnificent beaches on the east coast of Tasmania. Whatever the outcome, let’s celebrate the natural wonders that surround our country.
<a href="https://theconversation.com/profiles/noel-schoknecht-429567" target="_blank">Noel Schoknecht</a>, Senior research associate, <a href="http://theconversation.com/institutions/murdoch-university-746" target="_blank">Murdoch University</a>
This article was originally published on <a href="http://theconversation.com" target="_blank">The Conversation</a>. Read the <a href="https://theconversation.com/lucky-winner-why-this-beach-in-wa-claims-the-crown-of-australias-whitest-sand-88393" target="_blank">original article</a>.
{mijopolls 148}
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Our whitest sandy beach: Why this beach in WA claims

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Perth is the only capital city locality to have a decline in its home value, year on year, according to CoreLogic’s latest report.
The property data firm says that over the past 12 months Perth’s home value has declined by 1.1%.
<a href="https://www.propertyobserver.com.au/images/2017/06/19/Screen%20Shot%202017-06-19%20at%202.01.15%20pm.jpg" target="_blank">Click to enlarge</a>
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This is despite a monthly increase of 2%.
Adelaide has the smallest growth in home value with only a growth of 3.1% over the past 12 years compared to Melbourne’s 12.1% and Sydney’s 11.5%.
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Perth the only locality with home values in decline: CoreLogic

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Perth is the slowest locality to sell a property across the country, according to CoreLogic’s latest report.
The property data firm says that the median time for a property to be sold in Perth is around 80 days or higher.
Houses in the West Australian capital require an average vendor discount of 7.4% to sell, while the average discount for units is 9%.
<a href="https://www.propertyobserver.com.au/images/2017/05/15/Screen%20Shot%202017-05-15%20at%2010.57.11%20am.jpg" target="_blank">Click to enlarge</a>
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This is significantly slower than Sydney or Melbourne where it only takes a month for properties to be sold.
The second slowest locality to sell a property is Darwin where it can take up to 65 days for houses and 72 days for units.
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Perth the slowest capital for property sellers: CoreLogic

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The residential property market in the south-west of WA has weakened with reduced demand and values, however the market is quite mixed with some particularly sought after properties holding their values, according to a recent update from HTW.
The valuation firm says the volume of sales generally remains reasonable with adequate stock movement in most localities.
However, the top end of the market continues to be soft with an overall weak demand, the firms says.
“The exception is that there does seem to be reasonable demand for well-located properties that present to a high standard,” the report says.
The rural residential market is also continuing to slow with the majority of sales being below $1 million.
This market is experiencing extended selling periods and rents have fallen but are starting to stabilise while building activity has weakened.
“The slowdown in the state resource sector, continued weakness in the Perth property market and general uncertainty of the WA economy has promoted a downturn throughout the south-west WA real estate market,” HTW says.
“The extent of the downturn ranges from mild to moderate depending on the location and property type.
“As always is it difficult to predict future market conditions however we expect the year ahead could be more of the same or that the market may bottom out and stabilise.”
There are no significant drivers to suggest values will increase and there is limited demand from international buyers to spur the market in the region, the firm says.
It suggests the WA state government’s decision to increase the first home owner’s grant from $10,000 to $15,000 for 2017 could have a positive impact on the market.
“This is viewed as maybe having a stabilising effect but unfortunately the increase is unlikely to be high enough to overcome the negative factors influencing property values, for example the state’s high unemployment.
“We would recommend caution as some market segments are in decline and it remains unclear if the market has bottomed out.”
A two bedroom unit at <a href="https://www.realestate.com.au/property-unit-wa-bunbury-124819870" target="_blank">1/16 Wellington Street</a>, Bubury (above) has been listed from $350,000.
Similarly a three bedroom house at <a href="https://www.realestate.com.au/property-house-wa-carey+park-124389150" target="_blank">95 Wisbey Street</a>, Carey Park (below) has been listed for over $265,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/02/27/95%20Wisbey%20Street.jpg" alt="">
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South-west WA property market conditions remain soft: HTW

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There remains a significant portion of Western Australians that have stable employment and are in position for some bargain hunting, according to HTW’s February 2017 update.
The valuation firm says reduced values through 2015 and 2016 have led to many instances of negative equity, which is likely to be exacerbated as interest rates climb in the second half of the year.
For owners in areas affected by the post-resource boom increase in unemployment rate, 2017 is likely to see a significant increase in mortgagee in possession activity.
But other areas look set to benefit from present conditions.
“We are likely to see some micro bursts of activity in certain areas as these buyers scramble for quality products,” HTW says.
“Areas on the watch list include Willetton, Bull Creek and Rossmoyne in the south and Carine, Duncraig and Karrinyup in the north.
“We also expect an increase in speculative developer and investor activity, reflecting the lack of a premium currently being paid for these sites.
“We expect an increase in activity in Cloverdale, Cannington, St James, and Queens Park in the south-east and Morley and Balga in the north.
“Sellers of established properties in areas such as Clarkson in the north, Baldivis in the south and Seville Grove in the south-east are likely to struggle to attract first home buyers.”
A two bedroom house at <a href="https://www.realestate.com.au/sold/property-house-wa-perth-124385418" target="_blank">30A Windsor Street</a>, Perth (above) was sold for $552,000.
Similarly a two bedroom unit at <a href="https://www.realestate.com.au/sold/property-apartment-wa-perth-124070950" target="_blank">46/34 East Parade</a>, Perth (below) was sold for $559,000.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/02/23/46_34%20East%20Parade.jpg" alt="">
 
A four bedroom house at <a href="https://www.realestate.com.au/property-house-wa-bicton-124155690" target="_blank">37 Bristol Avenue</a>, Bicton (above) has been listed for $1,149,000.
Similarly a two bedroom unit at <a href="https://www.realestate.com.au/property-apartment-wa-north+fremantle-123544254" target="_blank">10/30 Kwong Alley</a>, North Fremantle (below) has been listed for $775,000.
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Good conditions for Perth property bargain hunters: HTW

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After a reasonably subdued start to 2016, market activity improved in the Esperance region towards the middle of the year and then tapered off for a very quiet close, according to HTW’s February 2017 update.
The valuation firm says sales over a variety of value ranges were noted, particularly above $1 million which saw sales for the first time in a couple of years.
Values over all price ranges and property types in the broader Esperance townsite have remained reasonably consistent, however, selling periods have lengthened compared to previous years.
Vacant land sales remained stable with supply slowly diminishing.
Values have remained consistent with the preceding year and shown some minor improvement in the localities now seeing a shortage in supply.
HTW predicts much of the same for 2017.
“A number of properties over all price ranges and property types are available for sale however demand is also relatively stable within all markets and sales are occurring, albeit at a slower pace with a reasonable consistency in values,” the report says.
“As with all areas, accurately priced property is attracting sound demand and typical selling periods are still less than six months.”
However, HTW says the market prediction for the smaller centres in the broader Esperance region are more difficult to gauge.
Hopetoun, 200 kilometres west of Esperance, has seen a substantial decline in values over the past five years with a combination of excessive oversupply of land, very low sales volumes and uncertainty of employment in the region all contributing factors.
“The land is slowly beginning to be absorbed and improved residential values at present appear to have stabilised within a typical range of between $220,000 and $320,000,” the firm says.
“Sales volumes are still very low and there is a large amount of property available on the market.
“It is likely if sales volumes do not improve there may still be some downward correction to come as vendors who have had property listed for an extended period become more anxious to quit this market.”
A three bedroom house at <a href="https://www.realestate.com.au/property-house-wa-esperance-123499678" target="_blank">43 Crossland Street</a>, Esperance (above) has been listed for $399,000.
Similarly a <a href="https://www.realestate.com.au/property-house-wa-esperance-124370858" target="_blank">40 Hamersley Street</a>, Esperance (below) has been listed for $385,000.
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Esperance prestige market active again: HTW

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Home buyers in Karratha are taking advantage of improved affordability in the WA real estate market, with sales activity in the area spiking in October, according to reiwa.com data.
Sales volumes in the Karratha urban area have been on the rise since early 2016, with sales transactions lifting from nine in March to 37 in October – an increase of more than 300%.
Rachel Ross, REIWA agent at First National Real Estate Karratha, said she has noticed a decline in the supply of listings for sale in the Karratha area recently, with reiwa.com analysis confirming that listing levels had dropped from 161 in August to 123 in October.
"I think local buyers recognise that it’s a great time to buy and are taking advantage of improved affordability in the area which is drying up supply," Ross said.
"I think a lot of people are worried they’ve missed the bottom of the market and want to take advantage of the lower prices before they start to climb back up.
"Additionally, with the hospital going up, there will be more jobs available in the area. Karratha offers a great lifestyle, but people need job security and the hospital will assist with that."
Picture courtesy of Wikimedia Commons.
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Rising sales in Karratha suggest market may be on the rebound

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Perth’s median house price grew by 18% over the three years to December 2014, underpinned by record net overseas and interstate migration inflows, according to QBE's latest housing report. But the good times aren't set to last, the report predicts. 
This resulted in tight vacancy rates and significant rental growth. Demand was driven by strong economic conditions brought on by booming mining investment and significantly improved affordability as interest rates were lowered.
But mining investment is now retreating rapidly and economic conditions have weakened considerably.
New engineering construction has tapered off as projects adding additional mining capacity are progressively completed.
Diminished employment opportunity has led to a substantial fall in net migration. In 2014/15, net overseas migration fell below 15,000 persons for the first time since 2004.
Interstate migration has also become a net outflow for the first time since 2003. State unemployment has increased above 6% in the first half of 2016; above the national level of 5.7%.
While mining output has increased, the production phase is less labour intensive than the investment phase. Western Australia’s unemployment rate is likely to continue to rise and remain elevated in the medium term, QBE predict. Net migration inflows are likely to remain soft for now.
After peaking in December 2014, Perth’s median house price fell by 2% in the six months to June 2015, and this has accelerated to a decline of 5.6% in 2015/16. The decline was greatest in the inner Perth suburbs (–7.2%) while both Middle and Outer ring suburbs fell 5.2% in 2015/16.
The higher priced inner suburbs are likely to be feeling the largest impact from the weakness in the higher income resource sector jobs.
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Weakening owner occupier demand has seen the number of loans to both first home buyers and upgraders/ downsizers decline by 15% and 10% respectively in 2015/16. The decline in investor demand has been more dramatic, with the value of loans to investors falling by 32% in 2015/16.
Rising new dwelling building approvals through the upturn in prices is being reflected in new dwelling completions continuing to rise in 2016.
This contrasts with a sharp decline in the rate of population growth and consequently underlying demand. The Western Australian market has moved into oversupply, which is reflected in vacancy rates of close to 5%; far above the balanced market rate of 3%, say QBE.
With underlying demand likely to continue to weaken, and further dwellings under construction working their way to completion, there is little to place upward pressure on rents and prices through to 2018/19.
Overall, the Perth market is expected to weaken across both house and unit markets. The impact of a rising stock surplus and a slowing state economy is forecast to result in a further decline in Perth’s median house price of 3% to June 2018.
Low interest rates should mitigate a deeper fall in the median house price, which is expected to stabilise in 2018/19, and potentially show a minimal rise, with mining investment bottoming out and interest rates forecast to be cut further in 2018. The forecast median house price of $540,000 at June 2019 is forecast to be 10% below its December 2014 peak.
However, Perth’s median house price in real terms is forecast to be 24% below its peak in March 2007 set during the first mining boom through the middle of the decade.
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The unit market has seen rising completions across Perth over the last three years. However, units remain just a third of all new dwelling approvals; well below the other capitals of Sydney, Melbourne and Brisbane.
Much of the strong migration into Perth has been temporary in nature with the unit market consequently expected to see a greater fall in rents and higher vacancy rates. Temporary residents tend to favour the unit market over the house market given the short term nature of their stay.
Downward rent and price pressures are therefore forecast to be greater in the unit market than the house market. Median unit rents have weakened significantly and Perth’s median unit price has begun to decline, falling by 6.5% in the year to June 2016 to $403,100. Further declines totalling 6% are forecast in 2016/17 and 2017/18, before unit prices bottom out over 2018/19 to be $380,000 at June 2019.
Regional centres in Western Australia have borne the brunt of the impact of the downturn in resource sector investment.
These towns typically have a narrow industry profile and are susceptible to local economic events. Median house prices climbed rapidly through the early boom period as the influx of mining investment led to job creation, population growth and demand for housing.
As the mining investment wound down, median house prices fell sharply while unemployment rates grew rapidly and population left.
• Karratha LGA in the Pilbara region saw earlier price growth as a result of the mid 2000s boom in mining investment, with the median house price already elevated after the GFC in 2009. The median house prices grew 21% to peak at $850,000 from their 2009 level. Since the peak, the median house price has fallen 64% to $304,000 in June quarter 2016. The unemployment rate has risen from 1.8% to 2.3% over the three years to March 2016.
• Port Hedland LGA saw its median house prices rising by 127% between June 2007 and March 2013, reaching a peak of $1.1 million. However, the median house price has since collapsed by 72% to $305,000 at June 2016, while the unemployment rate has risen from 3.3% to 5.0% in the three years to March 2016. It is likely that the unemployment rate in these centres is relatively low as those that are not employed are likely to have left.
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Sales volumes in Port Hedland and Karratha in 2015/16 are also well down on previous levels. The lower sales volumes suggests that many owners are retaining their property rather than accepting a loss on sale.
Those that are sold are more likely to be forced sales, which would be helping to drive the median sale price down.
Movements in population and demand have had a big impact on prices in the smaller regional centres, in contrast with Perth, where the median house price has only declined by 4% from its peak.
Perth also experienced a more moderate cycle in prices in the most recent boom in mining investment, with the median house price rising by 32% between December 2008 and September 2014. The larger size of the residential market and more diversified economic base of Perth has helped to support prices.
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