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.
</section>

[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

<html><body>
Perth agents reported sales of 777, down 9% on the previous week but remain 5% above the level of four weeks ago. 
The fall, in the week to 10 September, was due to a 9% decline in house sales to 552 which have grown steadily over recent weeks along with a 39% fall in the smaller land component which spiked the previous week and has now returned to recent levels. 
By contrast the multi-residential unit component recorded a 14% increase to 162, which is above the 145 weekly average for 2015. 
There has been little movement in listings <a href="https://www.facebook.com/reiwa/photos/a.97141568749.86931.93433243749/10152683778058750/?type=1&amp;theater" target="_blank">over the past week</a>. 
Rental listings have plateaued around 5,900 in recent weeks after peaking at just over 6,000 in July. 
The latest data for August has the overall median weekly rent steady at $450 and the vacancy rate sitting at 4.0%.
Source: Real Estate Institute of Western Australia. 
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po-LsXgBTHBmX

Rental listings have plateaued: REIWA's Perth property update

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GUEST OBSERVATION
In 2012, the Perth rental market was performing strongly, with rapid increases in rental prices.
With vacancy rates hovering around 2% at the time, many renters were forced to fiercely compete for properties by offering rates well above asking price – even to secure less than ideal properties.
Those conditions led to a steep increase in Perth rental prices, with the median house rent reaching a record high in early 2013 of $480 per week.
Since then, rental market conditions have eased with the current vacancy rate at about 4.1% and the median house rent dropping back to $460 per week.
The increase in vacancy rates has occurred primarily for two reasons. Firstly, more renters are choosing to purchase their own homes as record low interest rates have made buying more attractive.
The move to buy, rather than rent, has also been supported by ongoing state government assistance with first home owner’s in WA eligible to receive up to $10,000 in grants.
Secondly, a slowdown in the state’s mining sector has led to some transient workers leaving Perth as mining companies complete large scale expansion projects.
With Perth’s long-term equilibrium for vacancy rates at about 3%, the current rate of 4.1% is slightly higher than a balanced market.
Despite the slowdown, the Perth property market remains solid with a steady yield of approximately 4 to 4.5%.
The long-term economic future for Perth is still strong and the housing market will continue to perform well in the long term for Perth, albeit with cyclical movements.
One of the main drivers supporting Perth property rentals will be population growth.
The state government’s growth outlook report, <a href="https://www.planning.wa.gov.au/publications/826.asp" target="_blank">Directions 2031</a>, estimates that Perth’s population will increase 35-40% by 2031, which will require 328,000 new dwellings to sufficiently house the population increase. Some private sector forecasters predict much higher population growth.
This will prove to underpin Perth’s property rental price growth in the long-term as well as future housing prices.
Damian Collins is the founder and managing director of <a href="https://www.momentumwealth.com.au/" target="_blank">Momentum Wealth</a>, a Perth-based property consultancy that specialises in building the long-term wealth of its clients by assisting in the strategic selection, financing, acquisition, development and management of their investment properties.
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DamianCollins-BiwU8NaWEC

Despite slowdown, Perth's rental market is strong

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Western Australia's most expensive suburbs in which to rent a house paints an interesting picture - particularly when looking at the disparity in rental yields.
This top 10 list of the priciest places to rent a house in Western Australia, compiled from RP Data's statistics, includes a strong presence of high yielding mining towns combined with several prestige suburbs with stunning rentals. We've included a real-time current listing so that you can see for yourself what the rental price will get you.
<a href="/news"><img src="/images/2014/07/04/yellow-one.jpg" alt="">Port Hedland</a>
<ul>
<li>Weekly median advertised rent: $1,775</li>
<li>Gross rental yield: 9.32%</li>
</ul>
Currently up for rent: <a href="https://www.realestate.com.au/property-house-wa-port+hedland-413476691" target="_blank">27 Styles Road</a> (pictured below), a four bedroom, two bathroom solid brick property for $1,800 per week. It is in the Pretty Pool area, each room has a built in wardrobe and it includes a lock up garage.
<img src="/images/2014/09/17/port%20hedland%20sept%2017.jpg" alt="">
<a href="/news"><img src="/images/2014/07/04/yellow-two.jpg" alt="">Peppermint Grove</a>
<ul>
<li>Weekly median advertised rent: $1,500</li>
<li>Gross rental yield: 2.23%</li>
</ul>
Currently up for rent: There’s very little on the market for rent at present in Peppermint Grove, however for $1,100 per week <a href="https://www.realestate.com.au/property-house-wa-peppermint+grove-414003927" target="_blank">33 Leake Street</a> (pictured below) could be tenanted. Designed by architect Marshall Clifton, the four bedroom two bathroom home also includes a study, workshop and two carports.
<img src="/images/2014/09/17/peppermint%20grove%20sept%2017.jpg" alt="">
<a href="/news"><img src="/images/2014/07/04/yellow-three.jpg" alt="">Newman</a>
<ul>
<li>Weekly median advertised rent: $1,500</li>
<li>Gross rental yield: 9.87%</li>
</ul>
Currently up for rent: <a href="https://www.realestate.com.au/property-house-wa-newman-411164411" target="_blank">29 Daniels Street</a> (pictured below), for $1,500, is a four bedroom, two bathroom offering. It includes a double carport.
<img src="/images/2014/09/17/newman%20sept%2017.jpg" alt="">
<a href="/news"><img src="/images/2014/07/04/yellow-four.jpg" alt="">South Hedland</a>
<ul>
<li>Weekly median advertised rent: $1,350</li>
<li>Gross rental yield: 8.78%</li>
</ul>
Currently up for rent:<a href="https://www.realestate.com.au/property-house-wa-south+hedland-413572415" target="_blank"> 8 Roberts Street</a> (pictured below), a three bedroom, one bathroom offering for $1,200 a week was the closest we could find. It comes with a below ground pool.
<img src="/images/2014/09/17/port%20hedlans%20sept%2017.jpg" alt="">
<a href="/news"><img src="/images/2014/07/04/yellow-five.jpg" alt="">Baynton</a>
<ul>
<li>Weekly median advertised rent: $1,200</li>
<li>Gross rental yield: 8.20%</li>
</ul>
Currently up for rent: This four bedroom, four bathroom home at <a href="https://www.realestate.com.au/property-house-wa-baynton-413815667" target="_blank">11 Nyamina Road</a> (pictured below) is available for spot on $1,200. It includes a double car port.
<img src="/images/2014/09/17/baynton%20sept%2017.jpg" alt="">
 Article continues on the next page. Please click below.
<hr class="system-pagebreak">
<a href="/news"><img src="/images/2014/07/04/yellow-six.jpg" alt="">Dampier</a>
<ul>
<li>Weekly median advertised rent: $1,173</li>
<li>Gross rental yield: 7.82%</li>
</ul>
Currently up for rent: The closest available is $1,000 a week for three bedroom, one bathroom<a href="https://www.realestate.com.au/property-house-wa-dampier-413987303" target="_blank"> 14 Lyndon Crescent</a> (pictured below). It’s on a 900 square metre block of land and was previously owner occupied.
<img src="/images/2014/09/17/dampier%20sept%2017.jpg" alt="">
<a href="/news"><img src="/images/2014/07/04/yellow-seven.jpg" alt="">Claremont</a>
<ul>
<li>Weekly median advertised rent: $1,150</li>
<li>Gross rental yield: 3.92%</li>
</ul>
Currently up for rent: The closest available is the $950 per week three bedroom, two bathroom offering at <a href="https://www.realestate.com.au/property-house-wa-claremont-403172096" target="_blank">43 Goldsworthy Road</a> (pictured below). It includes a double remote control garage.
<img src="/images/2014/09/17/claremont%20sept%2017.jpg" alt="">
<a href="/news"><img src="/images/2014/07/04/yellow-eight.jpg" alt="">City Beach</a>
<ul>
<li>Weekly median advertised rent: $1,148</li>
<li>Gross rental yield: 3.45%</li>
</ul>
Currently up for rent: The closest is $1,100 five bedroom, two bathroom <a href="https://www.realestate.com.au/property-house-wa-city+beach-413372987" target="_blank">119 Drabble Road</a> (pictured below). It has a minimum one week stay and a maximum four month stay in the property, and does advertise itself for “tropical holiday retreat” or short lease, so isn’t your standard rental.
<img src="/images/2014/09/17/city%20beach%20sept%2017.jpg" alt="">
<a href="/news"><img src="/images/2014/07/04/yellow-nine.jpg" alt="">Nickol</a>
<ul>
<li>Weekly median advertised rent: $1,100</li>
<li>Gross rental yield: 8.6%</li>
</ul>
Currently up for rent: Corner block <a href="https://www.realestate.com.au/property-house-wa-nickol-413448635" target="_blank">15 Middleton Way</a> (pictured below), with four bedrooms and two bathrooms, is available for $1,100 per week. It has a significant yard, with terracotta tiles.
<img src="/images/2014/09/17/nickol%20sept%2017.jpg" alt="">
<a href="/news"><img src="/images/2014/07/04/yellow-ten.jpg" alt="">Dalkeith</a>
<ul>
<li>Weekly median advertised rent: $1,095</li>
<li>Gross rental yield: 2.41%</li>
</ul>
Currently up for rent: <a href="https://www.realestate.com.au/property-house-wa-dalkeith-413542543" target="_blank">53 Birdwood Parade</a> (pictured below), with five bedrooms and two bathrooms, is available for $1,100 per week. The house is described as ‘historic’ and is rather spectacular with bathrooms in art deco style.
<img src="/images/2014/09/17/dalkeith%20sept%2017%20one.jpg" alt="">
Note: <a href="/news">Churchlands </a>narrowly missed the top 10, recording a $1,050 weekly median advertised rent result, and a gross rental yield of 3.98%. No other suburbs topped $1,000 per week in the data set.
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jduke-EHk3XBmHkn

Western Australia's 10 most expensive suburbs to rent a house

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The median price of a house in Perth was $535,000 for July, according to RP Data.
House prices dipped slightly for the month, down 0.6% from June. Annually, Perth house values increased 7.9%. Only Hobart and Canberra saw a lower level of yearly growth, with both recording a 6.3% increase.
Many investors use median prices as an indication of what it would cost to get into a market. So what exactly does a "median priced" house in Perth look like?
Property Observer looks at recent Perth house sales to see what $535,000 will buy you.
<ol>
<li>
<a href="https://www.realestate.com.au/property-house-wa-heathridge-117400035" target="_blank">14 Littorina Avenue, Heathridge</a> <img src="/images/2014/08/25/1.jpg" alt=""> This three bedroom, one bathroom house in Perth's northern suburbs sold for $530,000 this weekend. Set on a 712 square metre corner block, the house has a double garage and plenty of room on the back for more cars or boats. The property's listing claims it "could have outstanding subdivision potential". Price: $530,000 Bedrooms: Three Drive to CBD: 21 minutes 
</li>
<li>
<a href="https://www.realestate.com.au/property-house-wa-bennett+springs-116845435" target="_blank">6 Shelduck Crescent, Bennett Springs</a> <img src="/images/2014/08/25/2.jpg" alt=""> Selling for $540,000, this house has four bedrooms and two bathrooms. The ex-display home has ducted air-conditioning, a double remote garage, security alarm system and an outdoor entertaining area. The house in Perth's north is set on a 622 square metre block, with a backyard and shed. Price: $540,000 Bedrooms: Four Drive to CBD: 25 minutes 
</li>
<li>
<a href="https://www.realestate.com.au/property-house-wa-high+wycombe-116741367" target="_blank">12 Golden Crescent, High Wycombe</a> <img src="/images/2014/08/25/3.jpg" alt=""> This four bedroom, two bathroom home sold for $539,000 earlier this month. The single storey house is set on a 757 square metre block, with a covered outdoor entertaining area and backyard. The living areas have timber flooring, while the bedrooms are carpeted. Price: $539,000 Bedrooms: Four Drive to CBD: 26 minutes 
</li>
<li>
<a href="https://www.realestate.com.au/property-house-wa-coolbellup-104453851" target="_blank">20 Lockett Street, Coolbellup</a> <img src="/images/2014/08/25/4.jpg" alt=""> The three bedroom house at 20 Lockett Street sold for $535,000. With two bathrooms, a lounge room, kitchen and dining area and tiled family space, the house also comes with a single carport with room for five cars in single file. The home, set on a 853 square metre block, is currently tenanted until October at $380 a week, with an annual yield of 3.69%. Price: $535,000 Bedrooms: Three Drive to CBD: 20 minutes 
</li>
<li>
<a href="https://www.realestate.com.au/property-house-wa-parkwood-117056907" target="_blank">19 Abercairn Way, Parkwood</a> <img src="/images/2014/08/25/5.jpg" alt=""> This four bedroom house secured $530,000 when sold earlier this month. The carpeted house has built in robes in three of the four bedrooms, a family room and a lounge and dining area. The house comes with two garden sheds and a lock up car port. Price: $530,000 Bedrooms: Four Drive to CBD: 22 minutes</li>
</ol>
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jrichardson-uRX5hFdKfN

What can you buy for Perth's median house price?

<html><body>
Perth's property market is dragging the chain with its weakening price growth directions.
The latest RP Data figures puts the annual growth at 3%.
<img src="/images/2014/08/20/rp-data-aug-20-one.jpg" alt="">
Source: RP Data.
The national capital city growth sits at around 10.7%.
Just six weeks ago Perth's annual price growth sat at 4.8% at 6 July.
<img src="/images/2014/08/20/rp-data-aug-20-two.jpg" alt="">
Source: RP Data as of 6 July.
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jchancellor-FAypfDUnLy

Perth's annual price growth in rapid reverse: RP Data

<html><body>
Ocean Zone, a sleek four-bedroom, three-storey Perth home with pool and subterranean parking, was listed with $6.9 million hopes in early 2013.
But it has now sold at $4.88 million. <a href="https://www.porteous.com.au/index.cfm?pagecall=property&amp;propertyID=2647540" target="_blank">The Porteous website lists it as under offer</a>.
It's a Swanbourne house designed for the Campbell family by architect Kerry Hill who reportedly has replicated his Hayman Island and Aman Hotels design ideas for Ocean Zone. 
The pool is in a submerged courtyard at the side of the four-bedroom, five-bathroom house.
The narrow living area opens up to the adjacent Nedlands Council Allen Park. The block was bought from the council for $465,000 in 2000.
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Ocean Zone, Swanbourne WA home sells for $2 million less than original asking price

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Reliable Renovations &amp; Construction, the trading name of unregistered York builder Bruce Alistair Beaton, has been ordered to pay $5,500 in fines and $900 of costs after being prosecuted by the Building Commissioner.
At the Northam Magistrates Court, Beaton pleaded guilty to three charges relating to residential building work undertaken at a Northam property between April and July 2011 to the total value of $90,000. The property was storm-damaged.
He did not have registration, as required for most building works over $20,000 in many parts of Western Australia.
He also did not ensure the home building work contract was signed by both parties or contained the specific amount payable by the owner. He also did not obtain a home indemnity insurance policy.
The Western Australian Building Commissioner recently<a href="/expert-insights/building/unregistered-perth-home-renovation-company-and-directors-ordered-to-pay-41-200"> prosecuted another unregistered Perth building company</a>. Finishmyhome.com.au's directors Paul Edward Ovens and Allesandro Giuseppe Iovene were ordered to pay $41,200 of fines and costs.over registration and contractual offences. 
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Western Australian Building Commissioner fines another unregistered builder

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Perth’s median house price has dipped further since the close of June, but rents are holding steady, according to the Real Estate Institute of Western Australia’s (REIWA) latest July property price data. 
The preliminary data from REIWA shows the median price down 0.2% to $540,000. REIWA president David Airey notes that this may be due to weaker market activity in the centre of the metropolitan area.
“Our analysis suggests Perth’s median price for the three months to July looks to have fallen 1.8% from the market peak in the three months to April,” Airey said.
Turnover was also trending downwards by 10% on June and actually close to the April period.
Sales increased in Bayswater and Bassendean in July, by 10 transactions to 84 together. Joondalup also saw an increase, of 11 transactions to 64.
However, these were stand outs.
Belmont saw sales drop by 21 to 37, the western side of the City of Stirling dropped 21 to 114, the City of Swan dropped 21 to 37 and Gosnells dropped 19 to 144.
The western suburbs dropped the most prominently, by 44%. This took the sales down to 62.
Airey pointed to weak first time buyer activity for these soft results.
“Listings fell right across all sub-regions of Perth but the south east region through Armadale and Gosnells saw the strongest drop, with listings falling 11% and removing 167 properties from market,” he said.
Despite this, the rental market is holding steady and has done for three months. Median rent current sits at $450 per week – or $460 per week for a house and $435 per week for an apartment, unit or villa.
The Cities of Canning and Kalamunda both softened by $10 to $440 per week, while South Perth and Victoria Park dropped $20 to $450 per week.
Rental listings across Perth were up 4% with the greatest increase seen in the southeast subregion through Armadale and Gosnells, along with the City of Perth.
“Despite the general increase in rental listings, some areas saw a tightening in these with the biggest fall being noted in the western part of the City of Stirling, down 37 properties to 292,” Airey said.
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Perth median house price drops, but rents holding strong: REIWA

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REIWA is seeking to speed up commission payments paid to Western Australian real estate agents selling off the plan properties.
REIWA recently announced that they are lobbying the government to allow agents selling this stock to receive their commissions closer to the point of contract, rather than after the settlement period – which they note is lengthy.
“The commission process for dealing with pre-sales in the multi-residential market is often frustrating,” they noted in a recent email to members.
“Having to wait for months to be properly remunerated for your work is inconvenient and can hamper your business.”
They noted that in Perth, and some regional areas, they’re going through a strong growth period with units and apartments and said that it is “high time the government reviewed this commission anomaly and updated it to reflect contemporary conditions”.
Property Observer understands that there are no specifics around how this would work as of yet and the process is still in the exploratory stage. However, REIWA are planning to meet with the Minister soon.
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REIWA pushing to speed up off the plan sales commissions 

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The Real Estate Institute of Western Australia has released new statistics on Perth’s property market, with some interesting conclusions.
REIWA’s president David Airey said that the preliminary market information available looked as though the median house price was down by 1%, bringing the March quarter median to $545,000 from $550,000.
A surge in apartment pre-sales was noted and Landgate’s early data is showing stability in the multi-residential median price at $449,500.
“However, in the REIWA analysis we include off the plan pre-sales that take some time to settle, so our figures indicate the median sale price for units and apartments lifting by 5% in the quarter to around $470,000,” Airey said.
Here’s their round up of what is happening in Perth.
First home buyers
<ul>
<li>Rebound in activity 
</li>
<li>Transfer duty changes on 1 July may have had an effect 
</li>
<li>Strong sales activity in $400,000 to $500,000 range</li>
</ul>
Turnover and stock
<ul>
<li>Sales for Western Australia down 6% over the quarter 
</li>
<li>Landgate estimated 11,900 dwellings transacted 
</li>
<li>Downward trend continuing since March quarter 2013 
</li>
<li>June quarter results will but sales 5% below 15 year average in Perth 
</li>
<li>June quarter results will but sales up to 22% below 15 year average in regional Western Australia 
</li>
<li>Stock on market lifts to 8% to 10,872 properties 
</li>
<li>Land listing jumps 12% to 1,449 lots 
</li>
<li>Increase in listings now up almost 25% since last year</li>
</ul>
“REIWA data show that reported sales dropped across most of Perth, with the central area within 10 kilometres’s of the CBD experiencing the biggest drop of 6%. This contributed to the fall in the overall median due to the softening of sales in the $500,000 to $900,000 range,” said Airey.
“However, the western suburbs saw an increase in activity among homes selling for between $1 million and $1.5 million, while the most notable drop in sales was seen through South Perth and Victoria Park with a slump of 31% in the quarter.”
In the outer regions of Perth the picture was a little more mixed, with an increase in sales seen in the north coastal part of the City of Wanneroo.
Overall, most house price changes remained muted at 1 or 2%. In the City of Canning, 4% growth was seen, while the northern part of Joondalup and southern part of Wanneroo saw 4% falls.
Days on market has remained fairly stable, up just one day to 57 days.
DAYS ON MARKET AND DISCOUNTING
“As a consequence, the number of sellers reducing their asking price grew further to almost half, although the variance between asking prices and selling prices tightened a little to just over 5% in favour of the buyer,” Airey said.
And yet it’s the rental accommodation market that has seen the most changes and is worthy of a closer look.
Rental market
<ul>
<li>The vacancy rate has increased to 4.2% 
</li>
<li>Median rent drops $10 to $450 per week 
</li>
<li>Number of rental listings grew by 858 properties over the quarter to 5,824 total</li>
</ul>
“This is a significant increase of 43% on the same time last year, while more current REIWA data shows this has since grown further to more than 6,000 properties by the middle of July,” said Airey.
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