<a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> has lodged plans for a $750 million, three-tower mixed-use precinct that would complete the long-running redevelopment of Carlton's former Carlton United Breweries site.

The proposal at <a href="https://www.apartments.com.au/new-apartments/185-195-queensberry-street-carlton-vic-3053">46-78 Bouverie Street and 185-195 Queensberry Street</a> spans a 6,468 sqm site, the last remaining undeveloped parcels within the former brewery's 2007 masterplan.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the development will comprise two purpose-built student accommodation towers and a third build-to-sell apartment tower above a shared commercial podium and basement.

Across the three towers, SP Setia is proposing 606 build-to-sell apartments and 1,499 student accommodation units containing 2,009 beds.

The apartments will sit in the tallest tower, which will rise nearly 200m and 55 storeys. It will become&nbsp;one of the more substantial new build-to-sell apartment projects at the northern edge of Melbourne's CBD.

The apartment mix is weighted toward smaller inner-city product, with 188 studios, 206 one-bedroom apartments, 192 two-bedroom apartments and 20 three-bedroom apartments

<img alt="First look: SP Setia plans three-tower finale for Carlton’s former CUB precinct" data-entity-type="file" data-entity-uuid="8271bc87-1b0a-41b7-ac73-a425ee375261" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/3_2.png?VersionId=G4lw23o90B1boX4k4dj7rdz2ZEajS9wy" />

Part of the precinct will be a large-scale&nbsp;3,684 sqm supermarket and a further 2,198 sqm of speciality retail, creating close to 5,900 sqm of new commercial space within the precinct.

But one of the biggest components of the proposal is what sits between the buildings.

Around 4,650 sqm, or roughly 72 per cent of the site, will be publicly accessible open space, incorporating plazas, pedestrian connections, landscaped laneways and retail spill-out areas.

The ground plane is intended to finally complete pedestrian connections envisaged when the CUB masterplan was first approved nearly two decades ago, stitching together Victoria Street, Queensberry Street, Bouverie Street and Swanston Street through the former brewery precinct.

Urbis said the development would "complete the CUB precinct", with the public realm providing important north-south and east-west connections through what is currently the final undeveloped portion of the masterplanned site.

SP Setia is also exploring a new linear park within the Bouverie Street road reserve, with the concept to be developed further with the City of Melbourne through the planning process.

The proposal is being pursued through the Victorian Government's Development Facilitation Program under Clause 53.23 for significant residential development with affordable housing.

The planning report acknowledges the proposed heights exceed those contemplated under the original Comprehensive Development Plan and masterplan, but argues the built-form context has changed considerably over the past two decades.

Urbis said the three towers would instead create a stepped transition between Carlton and the Hoddle Grid, rising progressively from the 94.1-metre Tower One along the Queensberry Street edge to the 199.44-metre Tower Three closer to the established CBD-scale buildings to the south.

<img alt="SP Setia" data-entity-type="file" data-entity-uuid="e885a07a-592c-40fc-bf82-e6dbaf32da54" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.52.24%E2%80%AFAM.png?VersionId=7s_ErUkSKAdY1mAWp3GRZgMNCGtwhk5m" />

SP Setia plans to deliver the development across three stages.

Stage One would deliver the basement, podium and retail areas for the entire precinct alongside the first student tower. Tower Two would follow in Stage Two, before the 606-apartment Tower Three is delivered as the final stage.

If approved and delivered, the project would close out a redevelopment process that has been underway since the former brewery masterplan was approved in 2007, adding more than 2,600 student beds and apartments to a precinct already home to Swanston Central, the Barak Building, RMIT Design Hub and several large student accommodation developments.

&nbsp;

&nbsp;

Joel Robinson

SP Setia plans three-tower finale for Carlton’s former CUB precinct

Melbourne developer Lowe Living is seeking to add to its growing bayside apartment pipeline, filing plans for a boutique eight-residence development in tightly held Middle Park.

Lowe Living, which has built much of its development portfolio across Melbourne's affluent bayside and south-east suburbs, is behind the plans for the 730 sqm site at <a href="https://www.apartments.com.au/new-apartments/123-125-erskine-street-middle-park-vic-3206">123-125 Erskine Street</a>, just off Armstrong Street and within the Armstrong Street Neighbourhood Activity Centre.

The developer is seeking approval for a five-storey residential building above two basement levels, with just eight large-format apartments and 18 car spaces.

“This is a deliberately very different proposition for us,"&nbsp;Tim Lowe, Co-Founder of Lowe Living, said.

"Eight residences is exceptionally boutique, but that's precisely what this site calls for.

“There is a strong community in Middle Park and the surrounding suburbs who have spent decades building a life here. They no longer want the maintenance of a large period home, but they aren't prepared to compromise on space, quality or location. We think there is a real opportunity to capture that hyper local market. A site like this rarely comes to market.”

<img alt="Lowe " data-entity-type="file" data-entity-uuid="875fe572-0f14-4d90-9e11-55b28dd07731" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.42.49%E2%80%AFAM.png?VersionId=GDNQRv9BfpR9r1zkZ5UDyUM4ZvpIksut" />

The low-density proposal has been designed by Cera Stribley and is being progressed through the Victorian Government's Great Design Fast Track pathway, having already secured eligibility from the Minister for Planning.

The Office of the Victorian Government Architect supported its eligibility after finding the proposal demonstrated consistency with the program's seven design principles, while the project's financial feasibility has also been independently confirmed by Invest Victoria.

The project is targeting the downsizer market, with the planning documents describing the homes as larger-format residences and noting the two penthouses could otherwise have been configured as four separate apartments.

<img alt="Lowe 2" data-entity-type="file" data-entity-uuid="60ab0987-2da6-4175-adac-315dcf6053c6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.43.15%E2%80%AFAM.png?VersionId=bOCPH0B2MFwlmaRW.TTCF9TzyifgVoQI" />

The site has dual frontage to Erskine Street and Canterbury Place and currently comprises a collection of commercial buildings used as offices, including a former heritage bakehouse, a former stable, a later gabled addition and a central courtyard.

It sits within the Commercial 1 Zone and the Armstrong Street Commercial Precinct heritage overlay, with the existing property classified as a contributory heritage place.

Heritage has subsequently played a significant role in Cera Stribley's design.

The front section of the former bakehouse facing Erskine Street will be retained, including its return walls, street-facing hipped roof and chimneys, while the Erskine Street façade and part of the western return wall of the former stable will also be incorporated into the new development.

Levels four and five will be set back five metres from the retained stable façade, while bricks removed through demolition are proposed to be salvaged and reused within the new building where possible.

<img alt="Lowe 3" data-entity-type="file" data-entity-uuid="e97927a9-a2de-4a0f-83b6-65451238abfa" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.43.06%E2%80%AFAM.png?VersionId=VR44AChLrX9q1XPB9GvVQV.ALXXbe4gC" />

Rather than presenting as a single five-storey building to Erskine Street, Cera Stribley has broken the development into a series of distinct forms.

A three-storey infill element will sit between the retained bakehouse and stable façades, with the upper levels recessed behind the heritage fabric. Canterbury Place will similarly feature two three-storey podium forms, separated by a central pedestrian accessway, before the upper two levels step back from the street.

A pedestrian through-link will run through the centre of the project between Erskine Street and Canterbury Place, creating entrances from both sides of the site and introducing landscaping and communal areas through the ground plane.

Landscape architect Acre has designed planting across the ground level, private terraces and upper levels, including a feature canopy tree at level three and integrated planting and arbours across the level four terraces. Five existing Erskine Street trees are proposed to be retained.

Sustainability is also a significant component of the Great Design Fast Track application. The apartments are targeting an average eight-star NatHERS rating, with no residence below 6.5 stars, while the project has achieved a 75 per cent BESS score. Seven of the eight apartments are designed for cross-ventilation, with the remaining residence using mechanically assisted natural ventilation.

The plans also incorporate an 8kWp rooftop solar system, a 5,000-litre rainwater tank and infrastructure allowing future electric vehicle charging for every residence.

Lowe has a strong portfolio across Melbourne's blue-chip suburbs. They recently launched <a href="https://www.apartments.com.au/new-apartments/jardin-house-by-lowe-living-camberwell-335-camberwell-road-camberwell-vic-3124">Jardin House by Lowe Living</a> in Camberwell, their first development in the Stonnington LGA.

Lowe Living unveils Middle Park apartment development

Article summary

<ul data-end="888" data-start="289">
	<li data-end="442" data-section-id="8tsh6o" data-start="289">DVB Projects is preparing to launch its second Gold Coast apartment development, with demolition now underway at 137 Old Burleigh Road, Broadbeach.</li>
	<li data-end="573" data-section-id="1nyxl3e" data-start="443">The 34-level tower will comprise just 49 ultra-luxury residences, including half-floor, full-floor and penthouse apartments.</li>
	<li data-end="717" data-section-id="oiyimj" data-start="574">The launch follows strong demand at DVB's nearby Sea Glass project, which is more than 50 per cent sold and currently under construction.</li>
	<li data-end="888" data-section-id="epk9o9" data-start="718">The development adds to the transformation of Old Burleigh Road, with premium beachfront apartment projects continuing to reshape the tightly held Broadbeach strip.</li>
</ul>

<a href="https://www.apartments.com.au/developers/dvb-projects">DVB Projects</a> is preparing to launch its second Gold Coast apartment development, with demolition now underway on the Broadbeach site as the Sydney developer moves closer to bringing the ultra-luxury project to market.

The 34-level tower at <a href="https://www.apartments.com.au/new-apartments/137-old-burleigh-road-broadbeach-qld-4218">137 Old Burleigh Road</a> will comprise just 49 residences, ranging from half-floor apartments through to full-floor homes and a penthouse. The launch follows the strong sales performance of DVB's nearby Sea Glass development. More than half of the apartments at Sea Glass, on the other side of Broadbeach, have been snapped up, well ahead of its late 2027 completion

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="2944b4be-c84e-4b54-8dc1-c712e76704c0" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E02_Exterior_Street%20Level%20Entrance.jpg?VersionId=YoNig7pRdrE3HCue7sUj78LzJteeQf3H" />

The start of demolition at 137 Old Burleigh Road signals DVB Projects’ underlying confidence in the Gold Coast’s luxury beachside apartment sector.

“We see the Gold Coast as one of the most compelling lifestyle markets in Australia, particularly at the premium end where demand continues to deepen,” said Dean Brown, Managing Director of DVB.&nbsp;

“This project has been carefully designed to respond to that demand - delivering large-format residences with a level of quality, privacy and amenity that is still relatively rare in the apartment market on the beachside."

Brown says the site itself is "exceptional."

"Old Burleigh Road is one of the most tightly held beachfront strips, and opportunities to deliver a project of this scale and calibre in this location are extremely limited.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="398f377a-c037-455e-9250-0c5e0d84c35b" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/I12_FF%20Balcony.jpg?VersionId=NwOiRWGMubR1c8wthuEfggklcja7al9." />

The project will comprise 40 half-floor residences of approximately 260 sqm, alongside eight full-floor residences spanning around 524 sqm.

A single penthouse will crown the building, featuring a private pool, barbecue area, indoor gym and dedicated entertaining spaces.

Residents will have access to a resort-style suite of amenities, including a 20-metre pool with daybeds, a gymnasium, hot and cold plunge pools, a sauna, and private residents’ lounge and dining facilities.

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="d1642bb0-9a66-4427-a022-dfc0988c6287" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/A02_Pool%20to%20View.jpg?VersionId=c0IXPyn_Gp_Kn3XCwzMrqIVkAdCEwVXP" />

Sales agent Todd Matheson, of <a href="https://www.apartments.com.au/project-marketer/pezet-matheson">Pezet Matheson</a>, which is marketing both 137 Old Burleigh Road and Sea Glass, said 137 Old Burleigh Road would address a clear gap in the market for genuine luxury products.

“There are very few opportunities on the Gold Coast where buyers can secure a residence of this size and quality in a new building,” Matheson said.

“What we’re seeing is a growing cohort of downsizers and interstate buyers who still want space - they’re not willing to compromise on living area, entertaining or finishes.

“This project has been designed with that buyer in mind. It offers the scale of a home, combined with the convenience and security of apartment living, in one of the coast’s most desirable positions.”

<img alt="DVB Projects to commence demolition on $320m Broadbeach luxury tower" data-entity-type="file" data-entity-uuid="59aae0ca-5639-4320-8aca-d0bf60f48e43" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/E01_Exterior%20Hero.jpg?VersionId=DS8Zfy2WtgUEtdfe0TEUuf1W1GfcZq8S" />

Located on a 1,156 sqm site one block from the beachfront, the development will replace an ageing walk-up building and is expected to contribute to the ongoing transformation of the Old Burleigh Road strip into one of the Gold Coast’s most prestigious residential corridors.

With the development moving into the delivery phase, 137 Old Burleigh Road is slated to hit the market later this year.

[smartcode_project_cta:default project_id=145141]

DVB Projects to launch second Broadbeach apartment tower as demolition commences

<a data-end="327" data-is-only-node="" data-start="250" href="https://www.apartments.com.au/developers/norus-projects" rel="noopener" target="_new">Norus Developments</a> has lodged plans for a new apartment development in Clayton that would add further momentum to the suburb's emerging Green Street corridor.

Plans have been lodged for the consolidated site at <a href="https://www.apartments.com.au/new-apartments/1359-1365-centre-road-clayton-vic-3168">1359-1365 Centre Road</a>, where Norus is seeking approval for 218 apartments across a 12-storey apartment building designed by <a href="https://www.apartments.com.au/architects/life-architecture-and-urban-design">Life Architecture</a>.

The proposal sits within the Clayton Major Activity Centre at the threshold of the planned Green Street corridor, a landscaped pedestrian connection intended to improve links through the precinct towards Clayton Railway Station.

The development would replace the site's existing collection of low-scale residential and commercial buildings with a single consolidated building, introducing significantly greater housing density to this part of Centre Road.

A retail tenancy is proposed at ground level to activate the Centre Road frontage, accompanied by transparent street interfaces and landscaping intended to create a more pedestrian-focused edge to the development.

<img alt="First look: Norus Developments plans landscape-led apartment project for Clayton’s emerging Green Street" data-entity-type="file" data-entity-uuid="0a5a763a-d9e9-4253-af2f-88008de27ebf" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Clayton%20a.png?VersionId=S2WJJbat1XVkZwB9SnYtygirXgWHiklX" />

The building has been designed with stepped massing and upper-level setbacks to manage its transition towards surrounding residential properties. The planning report describes the approach as one that integrates the building into the landscape rather than treating landscaping as a secondary element.

"A strong landscape and public realm strategy underpins the proposal," Urbis states in the planning report.

"Public benefits include an affordable housing contribution, a new pocket park, generous landscaped setbacks, deep soil planting and integrated Water Sensitive Urban Design."

The report adds that these elements are intended to create "a permeable, pedestrian-focused ground plane that enhances walkability, supports urban cooling and reinforces the emerging Green Street character."

Biophilic and passive design principles extend through the residential levels, with planting, daylight, natural ventilation and views towards landscaped areas forming part of the amenity strategy.

Parking would be concentrated away from the public realm, with 145 car spaces proposed from the rear laneway rather than dominating the Centre Road frontage.

The proposal follows an extensive pre-application process with the City of Monash. Three formal meetings were held between the project team and Council from December 2025 to March 2026, with the scheme evolving through several concept iterations before the current design was lodged.

The project arrives as Clayton prepares for substantial change around its established activity centre and the wider Suburban Rail Loop precinct. Its position on Centre Road places the development within an existing concentration of shops, services and public transport, while the Green Street connection is intended to strengthen pedestrian access towards Clayton Railway Station.

First look: Norus plans landscape-led apartment project for Clayton’s emerging Green Street

<a href="https://www.apartments.com.au/developers/gardner-vaughan-group">Gardner Vaughan Group</a> has officially commenced construction on Bronze on Chevron, celebrating the sod turning of its first-ever Gold Coast development and marking a significant milestone in the company's continued expansion across South East Queensland.&nbsp;

Following the successful delivery of premium residential developments throughout Brisbane and the Sunshine Coast, <a href="https://www.apartments.com.au/new-apartments/bronze-on-chevron-8-mawarra-street-chevron-island-qld-4217">Bronze on Chevron</a> represents Gardner Vaughan Group's entry into the Gold Coast market. Bronze will deliver 119 one, two, three and four-bedroom apartments above two ground-level retail tenancies.

[smartcode_project:default project_id=107520 project_image_fid=367193]

The recent sod turning ceremony was attended by Deputy Mayor Mark Hammel, President of the Surfers Paradise Surf Life Saving Club, Cassandra Sedgman, project consultants, purchasers, project partners and invited guests to celebrate the commencement of construction.&nbsp;

Gardner Vaughan Group Chief Executive Officer Simon Betteridge said Bronze on Chevron represented an exciting new chapter for the business.&nbsp;

"We've spent almost four decades building homes that respond to the way people want to live, and we're excited to bring that experience to <a href="https://www.apartments.com.au/developments/chevron-island-qld-4217">Chevron Island</a>," Betteridge said.

"Bronze on Chevron is particularly significant because it marks Gardner Vaughan Group's first development on the Gold Coast following many successful projects across Brisbane and the Sunshine Coast."

[smartcode_project:default project_id=107520 project_image_fid=367183]

Betteridge said the ground breaking is a proud moment for the&nbsp;team and their purchasers, who can now see their future homes beginning to take shape.&nbsp;

"As both developer and builder, we're able to oversee every aspect of the project from design through to construction, ensuring the quality and attention to detail Gardner Vaughan Group has become renowned for."&nbsp;

Designed by acclaimed architectural practice <a href="https://www.apartments.com.au/architects/cottee-parker-architects">Cottee Parker</a>, Bronze on Chevron has been thoughtfully designed to complement Chevron Island's evolving streetscape while embracing its relaxed coastal lifestyle.

The development will offer generous residences with refined interiors, premium finishes and resort-style amenities, with completion anticipated in early 2029.&nbsp;

[smartcode_project_cta:default project_id=107520]

The development will offer generous residences with refined interiors, premium finishes and resort-style amenities, with completion anticipated in early 2029

Gardner Vaughan Group breaks ground on first Gold Coast development, Bronze on Chevron

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?

New apartment developments with uninterrupted, north-facing views over Perth's Swan River are exceptionally rare.

Recognising just how limited those opportunities are, <a href="https://www.apartments.com.au/developers/edge-visionary-living">Edge Visionary Living</a>, one of Perth's most respected builder-developers, targeted <a href="https://www.apartments.com.au/developments/applecross-wa-6153">Applecross</a>, assembling an unrepeatable 6,342 sqm riverfront site on the corner of Moreau Mews and Canning Beach Road to create one of Perth's only new north-facing apartment developments directly overlooking the Swan River.

Today, <a href="https://www.apartments.com.au/buildings/riviere-residences-applecross-59-canning-beach-road-applecross-wa-6153">Rivière Residences</a> offers buyers a unique opportunity to choose between completed residences ready to move into now and off-the-plan homes in the final stage, Rivière West.

[smartcode_project:default project_id=28384 project_image_fid=3823]

Across the completed East and Central buildings, residents are already enjoying the development's luxury amenity, while two of the precinct's hospitality venues are now open.

The completed component of the development gives buyers the advantage of experiencing the finished product firsthand, including its uninterrupted river views, while still having the opportunity to secure a residence in the final stage.

"People are wowed by the view and the quality of the apartments,"&nbsp;Edge Visionary Living Sales Executive, Holly McSweeney, says.

"They're looking for the convenience of lock-and-leave living, but they're not looking to downsize on quality."

[smartcode_project:default project_id=28384 project_image_fid=3826]

The rarity of the development hasn't been lost on prospective buyers, McSweeney says.

For McSweeney, it all comes back to a location that is becoming increasingly difficult to replicate.

"Location, location, location," she says. "We are nestled right on the front of the Swan River. You can never get built out, so wherever you are in Rivière Residences, you've got views of the river forever."

The unique waterfront position has resonated particularly strongly with local downsizers. McSweeney says many buyers are long-time Applecross residents looking to transition from large family homes into a luxury apartment without sacrificing space, quality or the lifestyle they've enjoyed for decades.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/N_FowNW0wu8?si=vb25XFq1wZ-iufAW" title="YouTube video player" width="560"></iframe>

A major focus for Edge in recent years has been resident amenity. Across its apartment portfolio, from beachfront developments in Scarborough to luxury towers in South Perth, the developer has increasingly invested in the spaces beyond the apartment itself.

The strategy has largely been shaped by downsizer demand. Many buyers are moving from large family homes with swimming pools and established gardens. While they're looking to leave the maintenance behind, they don't want to compromise on lifestyle.

At Rivière, <a href="https://www.apartments.com.au/architects/hillam-architects">Hillam Architects</a> designed the resident facilities as an extension of each apartment. A 25-metre heated swimming pool takes advantage of the north-facing river outlook, complemented by a large gym, sauna and steam rooms, private dining spaces, residents' lounges, a cinema, games room, and dedicated wine and whisky rooms.

[smartcode_project:default project_id=28384 project_image_fid=372542]

The waterfront location has also proved to be a major drawcard. Residents are within walking distance of the Raffles Hotel, South of Perth Yacht Club, the Heathcote Cultural Precinct and the cafés, restaurants and boutiques along Ardross Street.

Beyond the location and amenity, McSweeney says many buyers take confidence from Edge's fully integrated development model.

Having delivered apartments across Perth for decades, Edge now designs, develops and constructs its projects in-house, giving the company greater control over quality, delivery and the finished product.

"What I love is when people walk through their apartment for the first time and say, 'This is better than what we imagined,'" McSweeney says. "We hear that all the time."

Completed apartments in the East and Central buildings are now available to inspect by appointment, while Rivière West, the final stage of the precinct, is expected to be completed in the first quarter of 2027.

[smartcode_project_cta:default project_id=28384]

North-facing Swan River views drive demand at Rivière Residences in Applecross

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<img alt="welshpool_march_5" height="353" width="470" src="/images/stories/2014/03/05/welshpool_march_5.jpg">
A large industrial facility in the Perth's premier industrial precinct of Welshpool has been listed for sale or lease.
Located at 33 McDowell Street, the property is being offered for sale at a price of $11.95 million with vacant possession or leased on flexible terms.
The property, which has the potential to be divided into several separate tenancies, has two large warehouses, loading docks and office to provide almost 14 square metres of refurbished warehousing.
One warehouse covers 7,769 square metres and the other 3,442 square metres, with the office space covering 864 square metres.
Knight Frank industrial director Jarrad Grierson said the property had a substantial land area of 2.89 hectares and had previously been the headquarters of a local manufacturing company.
<a href="mailto:news@propertyobserver.com.au" target="_blank"></a><a href="mailto:news@propertyobserver.com.au">news@propertyobserver.com.au</a>
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kjiminez-eaYKfU7qd2

Industrial facility in Welshpool, Perth listed for sale or lease

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The former administration building for the ABC at 189 Adelaide Terrace in East Perth is set to become the tallest building in the area, named ‘Concerto’ as part of development group Finbar’s Symphony City redevelopment.
Set to include 226 apartments and a five and a half storey underground car park, <a target="_blank" href="https://www.finbar.com.au/FutureDevelopments.aspx">the imposing building Concerto</a> will also feature a 25 metre lap pool, a cabana, a barbecue, a gym, a pool lounge, a games room with pool table, a theatrette, formal dining facilities, meeting rooms and a large lobby.
<img src="/images/stories/2014/03/05/east-perth-march-5-one.jpg" width="470" height="548" alt="east-perth-march-5-one">
The $220 million development, and ASX listed developer Finbar’s largest project to date, will have 38 levels – 11 levels taller than Fairlanes by Finbar, developed in 2012 on a neighbouring site.
The site currently contains the former ABC administration building and three level former sound and music studios, constructed in 1959.
The administration building will become 17 one bedroom apartments and studios. The ground floor will house a bar/café and will lead through to Concerto Tower with 209 apartments, many of which will have panoramic views of the terrace.
The former ABC sound studio building, including the Basil Kirke Studio, will be subdivided onto its own title and refurbished. Several parties have expressed interest in commercial uses for this site.
The land owner of the former ABC site, Singaporean-owned Ventrade Australia, went into a joint venture with Finbar in 2008, when the site was purchased from the ABC for $37.58 million. It is a 1.28 hectare site.
A minor town planning scheme amendment had been sought, resulting in completed 23-level Adagio, and 22-level Toccata, currently being constructed.
<img alt="east-perth-march-5-two" height="339" width="470" src="/images/stories/2014/03/05/east-perth-march-5-two.jpg">
Managing director of Finbar, Darren Pateman said that it had been a long process to deal with the sensitive issues of the site, from obtaining the scheme amendment to having a previous plan for the site rejected on heritage grounds.
“Whilst the former studios will be on a separate title to the new development, we will be working very hard to make sure that the ultimate use respects its heritage but also compliments our development plans next door and the East Perth area as a whole. We believe that this outcome is the best result for all involved and one that we will be very proud of in years to come,” said Pateman.
There will be a marketing launch in July 2014, with plans for enough sales to commence construction early next year. Completion is estimated for 2017.
Back in 2011, Property Observer reported about <a target="_blank" href="https://www.propertyobserver.com.au/developments/developer-finbar-making-an-impact-in-wa/2011102051937">Finbar making an impact on the desert in Western Australia</a>. They were then "little known" and targeting a site in Karratha. Since then, they have <a target="_blank" href="https://www.propertyobserver.com.au/industry-news/finbar-upgrades-profit-guidance-following-strong-east-perth-apartment-sales/2012062055202">seen strong sales</a>, <a target="_blank" href="https://www.propertyobserver.com.au/developments/finbar-wins-tender-to-build-%24300m-serviced-apartment-project-in-port-hedland/2012073055776">won tenders</a> and had much success in the western state. They have previously completed 15 developments in East Perth alone.
<a href="mailto:jduke@propertyobserver.com.au">jduke@propertyobserver.com.au</a>
Photos are artistic impressions.
For the latest development listings, brought to you by Property Observer and partners, see our <a rel="nofollow" href="https://showcase.propertyobserver.com.au/">Investor Showcase</a>. 
                        
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jduke-EHk3XBmHkn

Finbar announces tallest tower in Western Australia as East Perth ABC site redevelopment

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Trading as Crawford Realty, Oresome (WA) Pty Ltd, of South Hedland, has been fined $9,500 and ordered to pay court costs of $970 after failing to lodge bonds ‘as soon as practicable’ as required by law.
Pleading guilty in the South Hedland Magistrates Court to 21 charges of failing to lodge bonds with the Bond Administrator on time, the fine was issued. There has now been a 1 July 2013 change to the act that requires bonds to be lodged as soon as practicable but within 14 days of receipt. At the time the law was to lodge the bonds 'as soon as practicable'.
Lawyers for Consumer Protection told the court that it had taken the company between 15 and 60 days to lodge the 21 security bonds that totalled more than $170,000. These bonds were collected between March and August 2012.
Anne Driscoll, commissioner for consumer protection, said that real estate agents, property managers and landlords needed to keep an eye on their procedures.
“It’s essential that tenants’ funds are safe and secure and lodged with the Bond Administrator as soon as possible. Taking many weeks or even months to do so is unacceptable and is a breach of the law,” Driscoll said.
“The appropriate lodgement and security of tenant’s bond moneys is an issue that Consumer Protection takes seriously. Agents and property managers need to keep their business in order so they don’t run the risk of being prosecuted.”
Western Australia has been <a target="_blank" href="https://www.propertyobserver.com.au/western-australia/landlord-fined-%242500-over-late-bond-lodgement/2013112566591">particularly active in cracking down on late bond lodgements</a> over the past few years.
<a href="mailto:jduke@propertyobserver.com.au">jduke@propertyobserver.com.au</a>
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Late bond lodgement costs Pilbara agency more than $10,000 

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A local real estate agency involved in the advertising of a Cookernup property and a Pelican Point home has had his “not guilty” plea upheld, after an appeal made against a Bunbury magistrate’s decision.
The Supreme Court dismissed the Commissioner for Consumer Protection’s appeal against the agent regarding a case of potentially misleading advertising of the two separate property listings. The result was released this week.
The real estate agency in question was Barr and Standley, and there were six respondents of the appeal - all associated with the agency.
The first charge involved the January 2012 advertising of a <a target="_blank" href="/news">Cookernup</a> property, that said it was located in <a target="_blank" href="/news">Harvey</a>. The existence of an interactive map on the online advertisement was enough, ruled by the judge to sufficiently qualify the location of the property.
The property, advertised as "47 Hardwick Street, Harvey" was said to be not strictly misleading by Justice Jeremy David Allanson, of the Supreme Court WA. The home, a four-bedroom, two-bathroom house, was asking for $535,000 plus.
The prosecutor opened the appeal by saying that consumers wishing to find a property online use search terms to the narrow the field, most commonly by location and price.
"Once a property is displayed on the website by the agency, any member of the public can locate the advertisement while searching online for properties to purchase under the search terms of 'price' and 'location'. It is the content entered by Barr and Standley in relation to a particular property that dictates the content of the online advertisement seen by the consumer.
"Price and location are specific fields on the web page that require data entry at the time the property listing is created by Barr and Standley. A property advertisement on the web page will have the location in prominent font at the top of the first page with the price underneath and it is then possible to scroll down to read a more detailed description of the property features or characteristics," the prosecutor said.
The prosecution also alleged that it was initially advertised in the correct location for three weeks, but was then changed to Harvey.
Rhys Standley, from the agency, said that few people knew of the township and it would generally be referred to as "being near Harvey".
Justice Allanson said that the representation was, as a result of the Google map inclusion, not strictly misleading. It took the buyers to the true location, some 12 kilometres from Harvey township but within the Shire of Harvey.
The second charge revolved around a listing of a <a target="_blank" href="/news">Pelican Point</a> property between January to April 2012. The complaint had been made to the authorities by another real estate agent.
The home was first advertised for $2.2 million to $2.5 million, and later altered to $1.5 million to $2.5 million, despite the owner saying they would not accept anything below $2.2 million.
Jay Standley, from the agency, said: "I think they would put a range on it where the bottom end would be market value and you would endeavour to get as much as we can."
He further said that while vendors will say they will not take under a certain amount, and buyers will say they won't pay over a certain amount, the reality is very different.
The respondents said that: "A certain amount of 'puffery' is to be expected to attract potential purchasers in the real estate market."
Justice Allanson said that Magistrate Langdon erred in coming to the conclusion, but did not look to a guilty verdict. This was due to a lack of evidence presented in support of the charge that would show how the audience would have responded to the advertised price range.
The defences case used arguments that the price range was agreed to by the owner. This was rejected by Justice Allanson.
The notion that it was widespread practice by Bunbury agents and that the lower price was based on market value were also rejected notions.
Commissioner for Consumer Protection, Anne Driscoll, said that despite this dismissal, it does not remove the legal requirements not to mislead buyers.
“The original magistrate’s decision and the subsequent dismissal of our Supreme Court’s appeal are judgments made on the specific circumstances and the evidence presented in this particular case,” Driscoll said.
“It should not be taken by the industry as a licence to advertise a property as being located in a more desirable nearby suburb, or advertised at a price that is not actually acceptable to the owner.
“The overarching principle of the Australian Consumer Law is that advertising must be fair and accurate, and not misleading. Consumer Protection will continue to enforce the law in relation to false and misleading representations and ‘bait’ advertising, and we will take action if there is evidence that these laws have been breached.”
jduke@propertyobserver.com.au
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WA agent found "not guilty" after advertising home in wrong suburb: Consumer Protection

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Singapore listed group Hiap Hoe has extended its presence in Australia, this time acquiring an A-grade building in Perth for $90 million. 
The off-market transaction, at 130 Stirling Street (pictured below), is the fourth purchase undertaken by Hiap Hoe in Australia and is the biggest sale in Perth since May 2013. 
<img alt="130_Stirling_St_2" height="353" width="470" src="/images/stories/2014/02/19/130_Stirling_St_2.jpg">
The 5,033 square metre site was held in a Charter Hall syndicate. 
The sale was negotiated by Paul Craig and Miles Rowe from Savills Perth office.
Savills managing director of Western Australia, Paul Craig, noted that the sale signalled the entry of a major new international investor in Perth, which "represents a strong vote of confidence in the property fundamentals and future outlook for the market". 
Since making its first foray in 2013, Hiap Hoe has acquired three Melbourne CBD assets: 6- 22 Pearl River Road; 380 Lonsdale Street and 206 Bourke Street. 
The Perth acquisition is said to be in line with the company's strategy to build up a strong geographical presence in Australia with a diversified portfolio of income – generating assets. 
The seven-storey building has a net lettable area of 12,349 square metres. 
Hiap Hoe executive director, Tracy Wun, said: “130 Stirling Street enjoys a strong occupancy of 97.7 per cent with a weighted average lease expiry of 5.71 years.”
"Moving forward, Hiap Hoe will continue to opportunistically expand our regional real estate portfolio as we remain focused on quality investment assets with attractive yields just as 130 Stirling Street.”
<a target="_blank" href="mailto:news@propertyobserver.com.au">news@propertyobserver.com.au</a>
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Hiap Hoe splashes $90 million on A-grade Perth building

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Perth is now a key player in global commercial office markets. A growing list of multi-national companies are locating in Perth resulting in a wave of new office construction in the CBD and key suburban centres. This is creating exciting development opportunities and challenges asolder buildings compete with new offices for tenants.
The Property Council of Australia’s latest Office Market Report illustrates the scale of new office development happening in Perth and the emerging challenges. In the six months to January 2014, the Perth CBD office vacancy rate rose from 6.9 to 9.0%. This rise is linked to the slowing down of the mining investment boom and the corresponding decline in demand for office space by mining companies and businesses providing mining services.
However, while the overall vacancy rate may have risen, the demand for premium grade offices in the CBD has actually strengthened, which is evidence that the commercial office market is sorting itself as businesses move into new office towers and the space they left behind is filled.  It is worth noting that all new major office developments in Perth today are pre-leased before construction, which ensures that the speculative building booms of previous decades that lead to blow-outs in vacancy rates is not repeated.
Another factor that will support the Perth office market is the continuing presence of multi-national companies like resource giants BHP Billiton, BP, Rio Tinto, Woodside, Chevron and Shell.  And while growth in investment in the iron-ore sector is slowing it is expected that investments in LNG projects will continue to generate positive demand for office space.
It is not just resources-based companies that call Perth home. Local-grown success Wesfarmers has their corporate headquarters stationed in Perth, despite taking over thenational Coles Group conglomerate. The Big Six law firms, as well as the major accounting firms all have large offices in Perth.
Perth has seen an influx of significant investments from major property and construction companies attracted by world-class development projects in and around the CBD, such as the City Link, Elizabeth Quay and Waterfront. The suburbs of Perth are also seeing a raft of new office developments, from Belmont to Subiaco and Herdsman through to Fremantle.
This will provide construction work and inspiration for inner city entertainment and culture, but more new office supplies will inevitably put pressure on older buildings as occupancy rates vary with economic cycles. This in itself may lead to more building upgrades and refurbishments, or even changes of use like hotel conversion and apartments
This all adds up to an exciting time for the commercial office sector.  The size and diversity of Perth’s corporate sector places the office market in the position where it can cope with the challenges and benefit from the opportunities that arise better than ever before.
Joe Lenzo is executive director of <a href="https://www.propertyoz.com.au/" target="_blank">Property Council of Australia</a>, WA division. 
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Growing waves of office construction as Perth commercial property comes of age

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Three strata factory units at Maddington in Perth’s south-east have fetched a combined 1.17 million.
The three units, located at 2-4/20 Alloa Road, were each sold for $390,000 and according to selling agent Jeremy Parasiliti of Ray White Commercial Perth, the properties sold within weeks of being listed for sale.
The units ranged in size from about 200 square metres to 221 square metres.
“The properties are located just 18 kilometres from Perth’s CBD in a popular industrial region which is scheduled for further expansion under plans prepared by the city of Gosnells", said Mr Parasiliti.
<a target="_blank" href="mailto:news@propertyobserver.com.au"> </a><a href="mailto:news@propertyobserver.com.au">news@propertyobserver.com.au</a>
 
 
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Three Maddingon, Perth strata factory units fetch combined $1.17 million

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The Western Australian Department of Commerce has announced the finalists for its 10th annual Consumer Protection Awards.
The awards ceremony, which will be held on March 21, will recognise the contributions of individuals and the media to consumer protection in Western Australia.
Anne Driscoll, the commissioner for Consumer Protection, congratulated the finalists, which were chosen from a list of 22 nominees.
"It really is an accolade to get to this stage considering the calibre of the nominations," she said. "It is a milestone as we mark ten years of the Awards. I am very much looking forward to us once again acknowledging the outstanding efforts of consumer advocates."
This year, the Consumer Protection’s Media Award has been renamed the Ruby Hutchison Media Award, recognising the first woman elected to the state’s Legislative Council.
The shortlisted finalists:
Rona Okely Award (for individuals)
<ul>
<li>Gavan Forster of the Master Builders Association, WA has been raising awareness of consumer building issues via a Q&amp;A newspaper column for more than 15 years.</li>
<li>Sandra Brown assisted consumers during her 18 years at the Citizens Advice Bureau and since retiring in 2011 has continued to give community talks about consumer and tenancy rights.</li>
</ul>
Richard (Dick) Fletcher Award (for organisations)
<ul>
<li>Advocare helps receivers of health and aged care services to know their rights and make necessary complaints.</li>
<li>Consumers' Association of WA is a non-profit, voluntary organisation which successfully campaigned for a product safety ban and the introduction of a service to tell car-buyers if there is any money owing on vehicles.</li>
<li>Consumer Credit Legal Service (WA) provides legal advice on consumer credit, banking and finance; particularly to those who are on a low income, vulnerable, disadvantaged or speak English as a second language.</li>
</ul>
Kidsafe WA Award (any contributor to advancement of injury prevention for children)
<ul>
<li>RAC bstreetsmart – a road safety initiative to reduce fatality and injury rates among young people.</li>
<li>Samantha Menezes petitioned for laws to prevent the supply of alcohol to minors without parental permission.</li>
</ul>
Media Award (for journalists and media outlets)
<ul>
<li>David Weber of ABC Radio has produced property scam and romance fraud stories.</li>
<li>Natalie Bonjolo from Today Tonight has exposed dodgy tradespeople and businesses.</li>
<li>Rashelle Predovnik at The Echo Newspaper reports on consumer affairs, including investigations into service providers and safety warnings for shoppers.</li>
</ul>
<a target="_blank" href="mailto:jrichardson@propertyobserver.com.au">jrichardson@propertyobserver.com.au</a>
<ul></ul>
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Property professionals among consumer protection award finalists

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Local government boundary reforms being undertaken by the state government are a “one in a hundred year opportunity” to shape the city into the future, according to Lord Mayor Lisa Scaffidi.
Speaking ahead of the City of Perth’s presentation to the Local Government Advisory Board, Scaffidi said that they have been looking closely at the local government reforms achieved in other cities.
“It is clear from the experiences in strong leading cities like Melbourne and Brisbane that it is essential to incorporate all major infrastructure and significant inner city precincts into the boundaries of a capital city,” said Scaffidi.
“Our efforts are focused on shaping a strong capital city so we can strongly promote and show our city to the rest of the nation and the world as we champion our various key industry sectors and attract more investment opportunities.”
Town planning and boundary changes were <a target="_blank" href="https://www.propertyobserver.com.au/australian-capital-territory/stand-by-for-australias-town-planning-revolution-terry-ryder/2014010667091">tipped by observer Terry Ryder as being the factors investors should watch for 2014</a>, with the changes potentially providing opportunities for capital growth. Zoning and development changes will be the key factors to keep your eyes open for.
The council suggests just small amendments to the state government’s proposed boundary changes that were announced last year in November.
Belmont Racecourse and the Burswood Peninsula were suggested for inclusion within the City’s boundaries, as well as Kings Park, the University of WA, QEII Medical Centre, Hollywood Hospital, Crown Perth, Medibank Stadium, NIB Stadium and the new Perth Stadium.
“Under the proposed changes by the state government, what would normally be considered key capital city infrastructure would be dispersed around various local governments. This dissipates the role of the capital city” she said.
“That’s not conducive to effective planning and it stifles coordinated development.”
The inclusion of the northern part of the City of Vincent within Perth’s boundaries is also said to be less than ideal due to its suburban nature.
Instead of considering the entirety of the City of Vincent, as suggested in a proposal submitted to the Board in November 2013, Scaffidi recommended that areas such as West Leederville and Subiaco be considered instead due to proximity to the CBD.
This supplementary submission will be presented next week, on February 19. <a target="_blank" href="https://dlg.wa.gov.au/Content/LG/AdvisoryBoard/CurrentInquiries/MetroInquiries.aspx">Public submissions on the boundary changes are being sought</a> until 13 March 2014.
Other proposals included the City of Fremantle remaining as a separate entity, the majority of Mount Lawley remaining within the City of Stirling, the northern section of the City of Cockburn to be transferred to the Cities of Fremantle and Melville and the northern section of the Shire of Serpentine Jarrahdale to be transferred to the City of Armadale, with the southern section to be sent to the Shire of Murray.
Previously, the <a target="_blank" href="https://www.propertyobserver.com.au/news/merge-between-city-of-fremantale-and-east-fremantle-at-core-of-reform-submission/2013101065635">argument to merge the City of Fremantle and East Fremantle was central to the discussion</a>, with the aim to strengthen the activity centres.
In July last year, the state government released the model for local government submissions to be proposed by 4 October 2013. This saw 21 local government proposals.
According to the current submission document the expectation is for a submission to the Minister for Local Government for 30 June 2014.
<a href="mailto:jduke@propertyobserver.com.au">jduke@propertyobserver.com.au</a>
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Perth local boundary reforms are a “one in a hundred year opportunity”: Lord Mayor

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The director of MI Constructions (WA) Pty Ltd has appointed a liquidator of the company, following an assessment of their financial position and restructuring alternatives.
The residential construction business, located in Northbridge, Perth, had employed 18 staff and is currently engaged in more than 175 residential building projects within the area. They are said to be at ‘varying stages of completion’.
MI Constructions uses a number of taglines, such as ‘built for life’ and ‘profit from property’, and their website claims that their history as a builder dates back 40 years. They were a Housing Industry Association member.
The building company was receiving building permits from the City of Stonnington as late as October 2013 for sites in Balga.
The liquidator, Avior Consulting, analysed the company’s position and advised that they should stop trade before his appointment as liquidator.
Dermott McVeigh, Avior Consulting’s managing director, said that they are working closely with the director to ensure an outcome is achieved in the best interests of all creditors.
“We are also working closely with the Company’s insurer, QBE, to assist the Company’s customers to lodge insurance claims in situations where they have suffered a loss from the Company’s liquidation,” said McVeigh.
“I have convened a meeting of the Company’s creditors to take place on Monday, 17 February 2014 and I hope to be in a position to provide creditors with more details of the Company’s position then. We have also commenced an investigation into the Company’s failure which we will discuss with the Company’s creditors in due course.”
Currently, it’s noted that the liquidator requires more time to make an assessment of all building projects currently under construction, with investors to be advised.
More to come.
<a target="_blank" href="https://mce_host/jduke@propertyobserver.com.au">jduke@propertyobserver.com.au </a>
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