<a href="https://www.apartments.com.au/developers/far-east-consortium">Far East Consortium</a> is preparing to commence construction on <a href="https://www.apartments.com.au/new-apartments/640-bourke-street-melbourne-640-bourke-street-melbourne-vic-3000">640 Bourke Street</a> this October, marking the next milestone for the Melbourne CBD development and its higher-end Eliza Collection.

Spanning levels 44 to 68 of the 68-storey <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>-designed tower, the Eliza Collection has been conceived as a lower-density offering within the broader development, with only five apartments on each floor, dedicated lift access and a collection of resident spaces reserved exclusively for Eliza Collection residents.

The Eliza Collection forms part of Far East Consortium's broader move toward larger-format residences at 640 Bourke Street, where the number of apartments was reduced from earlier plans as apartment sizes increased.

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"What it's meant for 640 Bourke is we've actually reduced the number of apartments. We've increased the overall size of the apartments. We don't have any studios in here, and what that does for a project is it elevates it," Far East Consortium Director of Sales and Marketing Lauren Sheldon said.

Rothelowman Associate Jun Chang said the design process provided an opportunity to create more generous floorplans.

"We were given the opportunity to be more generous. The apartments became bigger and squarer than any other apartments which had been designed in the CBD before that."

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That thinking carries through to the Eliza Collection, where the residences have been designed around the space and functionality associated with a larger home, but positioned high above the centre of Melbourne.

Kitchens are equipped with Gaggenau appliances, a butler's pantry, temperature-controlled wine cabinet and sculptural pendant lighting, while engineered timber flooring, stone and porcelain finishes and custom cabinetry feature throughout the broader interiors.

Privacy and security are another point of distinction. Eliza Collection residents have dedicated lift access, while 640 Bourke Street will provide concierge services and secure resident parking. Short-stay accommodation, including Airbnb, will not be permitted within the development.

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Eliza Collection residents will also have exclusive access to selected amenity spaces across levels one and three of the restored Eliza Tinsley building. These include the Salon with grand piano, an art therapy room, private dining rooms and treatment rooms.

They sit within more than 3,000 sqm of amenity planned across 640 Bourke Street, alongside facilities including a pool, gym, whisky lounge and further social and wellness spaces.

The Eliza Tinsley building itself is central to the wider project's identity. Rather than treating the existing Eliza Tinsley façade as a separate element, Rothelowman used it as a starting point for the architecture of the new tower, with the historic building to accommodate the project's gallery and lobby.

"It's a significant asset and wants to be celebrated and experienced by all residents every single time they go in and out of the building," Rothelowman Principal Stuart Marsland said.

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The tower will rise behind the retained heritage building at 640 Bourke Street, placing residents within walking distance of Southern Cross Station, Flagstaff Gardens, Queen Victoria Market and the Docklands waterfront.

With construction scheduled to begin in October, Far East Consortium has established an onsite display gallery at 640 Bourke Street, including fully built apartments that allow the project's layouts, materials and finishes to be inspected at full scale.

A fully built Eliza Collection apartment is also available to view at the display suite by appointment ahead of the planned October construction commencement.

Eligible purchasers who buy before construction commences can secure the full available off-the-plan stamp duty savings, subject to eligibility and applicable conditions.

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Joel Robinson

Far East Consortium brings Eliza Collection to 640 Bourke Street ahead of October construction start

By the time S&amp;S Projects began planning <a href="https://www.apartments.com.au/new-apartments/radia-rainbow-bay-271-boundary-street-coolangatta-qld-4225">Radia</a>, the developer already had three Rainbow Bay projects from which to draw.

Flow, Awaken and Esprit had given <a href="https://www.apartments.com.au/developers/ss-projects">S&amp;S Projects</a> experience developing in the southern Gold Coast enclave, as well as buyer feedback that could be carried into its fourth project, a boutique collection of 38 residences at 271 Boundary Street.

“We have experienced a lot of success in this location and as this was our fourth building we had taken all of the learnings and buyer feedback from previous projects to arrive at a design and apartment mix that we believe had captured all of that experience and remained a true S&amp;S Project in its design and amenity,” the developer said.

That experience has translated into a collection of two, three, four and five-bedroom residences including two penthouses positioned on an elevated corner in Rainbow Bay, where the site opens to multiple coastal view corridors and the area's distinctive north-facing bay.

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S&amp;S Projects says the Boundary Street site took years to assemble, having previously comprised six units, a house and a duplex. The developer worked individually with the existing owners to bring the properties together after an earlier attempt to sell the site had been complicated by the number of parties involved.

“We are constantly looking for properties that meet our brand standards of location, views, and sites that are rare with unique aspects that we can develop to maximise the lifestyle of residents who live in our buildings,” S&amp;S Projects said.

The Boundary Street site gave <a href="https://www.apartments.com.au/architects/cottee-parker-architects">Cottee Parker</a> a different set of conditions to work with.&nbsp;

“Our design brief was to design a building that took advantage of its unique elevated corner siting offering a range of spectacular view corridor opportunities,” Cottee Parker said.

“The design had to reinforce the strong brand pillars of S&amp;S which are quality, luxury and superior resident amenity.”

[smartcode_project:default project_id=140491 project_image_fid=284543]

Cottee Parker responded with a sculptural floorplate and strong horizontal banding, with continuous balconies and landscaped planters wrapping the building. Operable screens along the balcony edges allow residents to manage light and shade while creating an additional layer of pattern across the facade.

The tower rises above a heavily landscaped podium incorporating the entry lobby and recreational level, while the broader architectural expression takes cues from Rainbow Bay's coastal environment through its organic forms and light material palette.

Cottee Parker says the design has also been developed to complement S&amp;S Projects’ three previous Rainbow Bay developments while retaining its own architectural identity.

Inside, the residences continue that coastal response through two interior schemes centred on warm timbers and neutral tones, alongside patterned natural stone and fluted detailing.

Floor-to-ceiling sliding glass doors connect open-plan living areas to wraparound balconies, while natural stone is used across benchtops, splashbacks and bathroom walls. Specifications also include light-washed timber flooring, gas fireplaces, integrated bar and wine fridges, freestanding stone baths and 100 per cent wool carpet.

[smartcode_project:default project_id=140491 project_image_fid=284559]

Cottee Parker Director Sandra Brown said the intention was to create an architectural response closely connected to its surroundings.

“Imagine architecture that breathes with the rhythm of nature, where every curve and line flows seamlessly – creating spaces that dance with the elements, where sunlight kisses every surface and the gentle sea breeze fills every space,” Brown said.

The lessons S&amp;S Projects carried into Radia also extend to its resident amenity, with a substantial collection of shared facilities planned for just 38 residences.

A dedicated Residents Club will include a lap pool and spa, gymnasium, ice bath, sauna, steam room and hot rocks sauna. A residents' lounge, private dining room, outdoor dining and barbecue area and business centre are also planned, along with storage and dedicated surfboard and beach lockers.

S&amp;S Projects Founding Director Paul Gedoun said the facilities were also designed around the project's Rainbow Bay setting.

“Each amenity is designed to capitalise on the lifestyle of Rainbow Bay, ensuring residents can enjoy the relaxed coastal experience the enclave is famous for,” Gedoun said.

[smartcode_project:default project_id=140491 project_image_fid=284555]

<a href="https://www.apartments.com.au/project-marketer/pezet-matheson">Pezet Matheson</a> says purchasers to date have predominantly included local downsizers, interstate lifestyle investors and families, alongside a strong contingent of repeat S&amp;S purchasers.&nbsp;

According to the project sales team, feedback has centred on the natural stone and joinery, generous floorplans, natural light and the ability for residences to capture views in multiple directions. The completed Flow, Awaken and Esprit developments have also provided prospective purchasers with an existing reference point for S&amp;S Projects' delivery in Rainbow Bay.

There has also been interest from high-profile surfers and people connected to the surf community, with the elevated building providing outlooks towards several of the area's recognised surf breaks.

Radia continues S&amp;S Projects' concentration of development in a tightly held part of the southern Gold Coast, close to Rainbow Bay Beach, Snapper Rocks, Duranbah Beach, Greenmount Beach and the Tweed River. The neighbourhood also includes a growing collection of hospitality venues, while Coolangatta Airport provides connections beyond the southern Gold Coast.

Hutchinson Builders is now delivering Radia, continuing the project from early works privately funded by S&amp;S Projects. The $250 million development is expected to reach completion in the third quarter of 2027.

“With our history in Rainbow Bay, we have been fortunate to be heavily involved in how the development landscape has unfolded and this project slides into the property landscape comfortably and will feel like it was always there,” the developer said.

[smartcode_project_cta:default project_id=140491]

How three Rainbow Bay projects shaped S&S Projects' fourth, Radia

Nearly 40 years after <a href="https://www.apartments.com.au/developers/sheida-group">The Sheida Group</a> began working on the northern Gold Coast, the family-owned developer is continuing its involvement in Hope Island with Marina Point Apartments, where apartment scale has been a central part of the development.

Across the 235-apartment waterfront community, the developer has prioritised larger floorplans, substantial open space and marina access, responding to a purchaser base that has predominantly comprised local owner-occupiers and downsizers moving from larger homes.

"Having already delivered Anchorage nearby, we also understood this particular market and how people live here," developer Rick Sheida said.

"<a href="https://www.apartments.com.au/new-apartments/marina-point-apartments-hope-island-66-view-line-terrace-hope-island-qld-4212">Marina Point&nbsp;Apartments</a> gave us the opportunity to build on those lessons and create the next evolution of our work in Hope Island."

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The Sheida Group acquired the Marina Point land around 2018. Its appeal, Sheida says, went beyond having a waterfront address.

"What attracted us was not simply that the site was waterfront, but the way it meets the water," he said.

"It sits at the junction of broad waterways, creating long sightlines, changing views and a sense of movement throughout the day. Its shape also allowed us to orient the buildings outward, improve privacy between residences and make better use of natural light and breezes."

The buildings have subsequently been positioned around the perimeter of the site, allowing most apartments to take in water views while others look across the resort amenity or hinterland. Once all four buildings are complete, approximately one hectare of the site is expected to remain as open space.

The waterfront also provides the potential for up to 50 marina berths, with berths ranging from 15 to 24 metres and options designed to accommodate wider vessels including catamarans. Access from the marina to the Gold Coast Seaway is bridge-free.

[smartcode_project:default project_id=136992 project_image_fid=293149]

The developer says purchasers to date have predominantly been owner-occupiers and downsizers from <a href="https://www.apartments.com.au/new-apartments/marina-point-apartments-hope-island-66-view-line-terrace-hope-island-qld-4212">Hope Island</a> and elsewhere on the Gold Coast, generally aged between 45 and 70. Many have sold larger family homes or properties requiring significant upkeep.

That purchaser profile informed a design brief centred on retaining the space and functionality of a larger home within an apartment format.

"Many of our buyers are coming from large, well-appointed homes in Sanctuary Cove and the surrounding area," the project team said.

"They are accustomed to generous spaces and thoughtful design, so it was important that the apartments delivered the same sense of comfort and functionality.

"Every room needed to feel well proportioned, every space needed a clear purpose and nothing could feel compromised."

Residences range from 139 sqm through to 319 sqm penthouses, with two car spaces provided to apartments and three to penthouses. Minimum 2.7-metre ceilings, floor-to-ceiling glazing, entertainer's kitchens with butler's pantries, substantial storage and balconies ranging from 18 sqm to 37 sqm further reflect the emphasis on space.

One purchaser from Sanctuary Cove has taken the concept further, combining two of Marina Point's largest apartments to create a 552 sqm residence with raked ceilings reaching up to 4.5 metres.

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With Building 1 now complete, the developer is also seeing its original design assumptions tested against purchaser feedback.

Three completed display residences allow prospective purchasers to compare apartment sizes, layouts, finishes and outlooks in person. The sales team says one of the most consistent responses has been to the scale of the apartments, with visitors describing them as feeling more like homes than conventional apartments.

The first stage of resident amenity is also operational, including a 25-metre heated lap pool, Technogym-equipped gym, infrared sauna, golf simulator and yoga room. Future facilities are set to include a resort-style pool and spa, waterfront barbecue area and a residents' lounge with a library, fireplace, pool table, kitchen and bar.

Rather than treating the four buildings independently, the design brief called for a complete waterfront neighbourhood, balancing private residences with landscaping, open space, marina access and shared amenity.

[smartcode_project:default project_id=136992 project_image_fid=293152]

For Sheida, Marina Point Apartments is ultimately an extension of the developer's longer-term involvement in Hope Island and its view of how the suburb is evolving.

"We were equally interested in the long-term future of Hope Island," he said.

"Its position between Brisbane and the central Gold Coast gives residents access to both, while improving transport connections are making the northern Gold Coast increasingly attractive as a permanent place to live."

Hope Island Marketplace is 1.3 kilometres from Marina Point, while Sanctuary Cove and Paradise Point are within six kilometres. Links Hope Island, The Pines and The Palms golf courses are also nearby, and the new Hope Island train station is under construction around five kilometres from the development.

Building 2 is under construction, with completion scheduled for 2027.

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Marina Point Apartments continues The Sheida Group's 40-year Hope Island story

Sydney-based fund manager and developer EG is seeking to turn part of the former Roche pharmaceutical campus in Cromer into a 130-home residential community, introducing a mix of low-rise apartments, townhouses and duplexes to the tightly held Northern Beaches market.

The SJB-designed masterplan has been prepared for the 3.2-hectare site at <a href="https://www.apartments.com.au/new-apartments/100-south-creek-road-cromer-nsw-2099">100 South Creek Road</a>, part of the former Roche landholding that EG acquired for $55 million in 2017 through its Yield Plus Infrastructure Fund No. 2.

EG is proposing what SJB describes as a new "urban village" set within the site's significant existing tree canopy.

<img alt="Cromer" data-entity-type="file" data-entity-uuid="482c9a58-49f1-4c53-a12e-aaa02336229f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-24%20at%2011.20.57%E2%80%AFAM.png?VersionId=hZP8_XfPnfNq500dbcjlpVwYU1ebhF9_" />

Around three hectares of the site is considered developable, with the balance incorporating a riparian corridor that would be rehabilitated and revegetated as part of the proposal.

The indicative masterplan comprises approximately 72 apartments in low-rise residential buildings and another 58 townhouses and duplexes.

The apartment component would include around five one-bedroom, 37 two-bedroom and 30 three-bedroom residences, while the townhouse and duplex component would be spread across several different housing typologies. The overall scheme would deliver around 19,500 sqm of gross floor area at an FSR of 0.6:1.

Parking for the apartment component is currently estimated at around 112 resident spaces and 14 visitor spaces, while the townhouse and duplex component would have 116 resident and 12 visitor spaces.

A significant part of the masterplan revolves around retaining the established landscape character of the former Roche campus.

SJB's plans show heavily treed setbacks along both Campbell Avenue and South Creek Road, a centrally located collection of significant native and exotic trees retained as communal open space, and the regeneration of the northern bushland area.

The existing creek corridor along the site's western edge would also be rehabilitated and revegetated, creating additional separation between the new homes and the neighbouring Northern Beaches Business Park.

A heritage-listed cottage and its garden setting would be retained and restored, with SJB flagging its potential adaptive reuse as communal space.

The proposal also includes new communal recreation areas, pedestrian connections to Campbell Avenue and South Creek Road, and a contribution toward improvements to the adjoining Michele Reserve.

Vehicular access would be restricted to South Creek Road, with no vehicle entry proposed from Campbell Avenue. The main internal road would largely follow the site's existing driveway to minimise the impact on established trees.

SJB said residential redevelopment presented an opportunity to retain the majority of the site's heritage-listed mature trees while delivering a broader range of housing types than typically seen across the Northern Beaches.

"The site being 3.27 hectares in area represents one of the largest vacant sites in common ownership in the Cromer and Dee Why area capable of residential renewal," SJB noted in the masterplan.

The architect said the proposal would particularly target housing diversity through townhouses and other "missing middle" typologies suitable for singles, young families, downsizers and retirees.

<img alt="Cromer" data-entity-type="file" data-entity-uuid="e3f5d841-8491-427e-8ada-c70d3d03d6bc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-24%20at%2011.21.02%E2%80%AFAM.png?VersionId=xTV7r.q8lrTzC9vKzMS9zMbjm9wKwhgm" />

The site emerged following the subdivision of the former Roche campus into eastern and western parcels.

EG has already transformed the western portion into the Northern Beaches Business Park, which incorporates heritage-listed office space, modern warehouses and indoor recreation facilities.

The proposed residential community, referred to as Cromer East in SJB's plans, adjoins established housing to the north, east and south-east, while the business park sits beyond the creek corridor to the west.

It is also within 250 metres of Pittwater House School and Northern Beaches Secondary College, while bus stops within a three-to-five-minute walk provide connections to Dee Why, Brookvale and express services to the Sydney CBD. Cromer Park and the South Creek open space corridor are also nearby.

EG acquired the broader 7.5-hectare former Roche campus in 2017 for $55 million through its Yield Plus Infrastructure Fund No. 2. The campus at the time comprised more than 25,000 sqm of industrial and office buildings set within landscaped grounds.

The current residential site represents the eastern portion of that original holding.

EG's investment strategy for the fund has centred on acquiring income-producing real estate with longer-term rezoning and repositioning potential, particularly assets benefiting from infrastructure and changing land-use patterns.

EG also has an established residential track record across Sydney, including Bosco in Five Dock, Tempo in Drummoyne, The Flour Mill in Summer Hill and Pindari in Randwick.

The developer says it has delivered more than 1,000 homes to date, with a further 3,000-plus residences across its development pipeline.

First look: EG plans 130 apartments on former Roche pharmaceutical campus in Cromer

<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;

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

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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Two private landlords have been ordered to pay $3,000 in fines and costs after making their tenant pay too much for their bond, not providing them a receipt and not lodging the money with the Bond Administrator. Steven and Nava Mayer had a guilty plea to all of these offences at the Perth Magistrates Court on December 2. The fine was $1,000, with $2,000 of costs. Commissioner for Consumer Protection, Anne Driscoll, said that in 2011 the landlords took $8,500 worth of bond money for a rental in Yokine. She notes this was 10 times the weekly rent, when the tenancy law notes that no more than four weeks should be taken as the bond. “As well as failing to give the tenant a receipt, meaning there was no proper record of the transaction, the Meyers did not lodge the money with the Bond Administrator for nearly 500 days – legally it must be lodged within 14 days. At the time, tenancy law also gave an option for them to put the money in a dedicated bond account at the bank and they did not do this either," said Driscoll. “The law ensures that a tenant’s bond money will not be misused and is held securely, so whether it is a private landlord or a real estate agent, funds must be lodged with the Bond Administrator as soon as practicable and no later than 14 days after receipt." She noted that failure or delays to lodge may result in prosecution.
“Last month a private landlord was fined a total of $2,500 in the Geraldton Magistrates Court for failing to deposit two tenants’ security bonds and failing to lodge the bond of a third tenant with the Bond Administrator within 14 days of receipt," she said.
<a target="_blank" href="mailto:jduke@propertyobserver.com.au">jduke@propertyobserver.com.au</a>
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jduke-EHk3XBmHkn

Landlords fined for taking 10 times weekly rent as bond

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Sally-Ann and Michael James Calneggia, the owners of <a href="https://www.vitale.net.au/property.aspx?pid=285158&amp;rowNo=0&amp;searchstatus=fs&amp;acid=571" target="_blank">103 Forrest Street in South Perth</a>, are a renowned wine couple, and you can get your hands on their 1,000 bottle cellar and negotiate on the contents... provided you purchase the property first.
Michael 'Mike' Calneggia is the former owner of Selwyn Wines, former operations director at Evans and Tate Limited and former managing director at ASX Listed Australian Wine Holdings. He is currently the owner of Wine Shack and a consultant at Gaetjens Langley. He has been involved in the wine industry for more than 25 years, primarily in Western Australia.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/stories/2013/12/09/south-perth-dec-9-two.jpg" alt="south-perth-dec-9-two" width="470" height="118">
He has personal interests in several Margaret River vineyards, such as <a href="https://www.rosabrook.com.au/about-us/" target="_blank">Rosabrook</a>, and Coles currently has a <a href="https://www.coles.com.au/helping-australia-grow/aussie-made-and-grown/meet-our-farmers-and-growers/meet-our-growers/meet-the-calneggia-family" target="_blank">"Meet the Calneggia family" page</a>.
"Leading up to the establishment of Rosabrook as an exclusive Coles brand, Mike, Sally and their daughter Amy, who is marketing manager, spent a significant amount of time and effort to redesign and reposition the label," the site reads.
<blockquote class="twitter-tweet" lang="en">
<a href="https://twitter.com/BunkersWines" target="_blank">@BunkersWines</a> Twin Packs inc 2 btls wine for $30 make the perfect Christmas gift Email to order amy@wineshack.com.au <a href="https://t.co/XXkc0rci3t" target="_blank">pic.twitter.com/XXkc0rci3t</a> — Mike Calneggia (@WineShackOz) <a href="https://www.propertyobserver.com.au/https://twitter.com/WineShackOz/statuses/399736619579621377" target="_blank">November 11, 2013</a>
</blockquote>
The four-bedroom, four-bathroom home sits on 1,578 square metres of land and includes features such as a games room, gym, music room, vistas and heated pool. It is described in the listing as a "premier" and a once in a lifetime opportunity.
The 1,000 bottle cellar, with "contents by separate negotiation" is sure to interest those with a taste for fine wine, however, sadly, no picture is provided. The floorplan shows it is next to the gym and pool/change room area, right off of the entertainment space.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/stories/2013/12/09/south-perth-dec-9-one.jpg" alt="south-perth-dec-9-one" width="470" height="627">
While it is open to offer, Property Observer understands that it's likely to fetch between $5 million and $7 million. Agent Stephen Vitale from Vitale Fine Properties - Peppermint Grove notes that it is the second biggest single residential landholding in South Perth at 1,600 square metres. The biggest, a Mill Point Road South Perth home, at 1,670 square metres, is reportedly looking for offers of double that asked for this home.
Vitale notes that Forrest Street is one of the most prestigious in the area, and that 103 occupies the highest part at the top of the hill, providing it with an exceptional 270 degree outlook with views of the Darling Ranges to Perth City and Swan River.
Offers are open until 18 December 2013. Vitale had the vendor provide the above images of the cellar for Property Observer.
We'll drink to that.
YOU MIGHT ALSO LIKE:
<a href="https://www.propertyobserver.com.au/https://www.propertyobserver.com.au/news/five-great-wine-storage-solutions/2013112766611" target="_blank">Five great wine storage solutions</a> - the best cellars ideas you'll likely ever see
Mornington Peninsula's <a href="https://www.propertyobserver.com.au/https://www.propertyobserver.com.au/rural/mornington-peninsula-s-box-stallion-winery-for-receivership-sale/2013082264477" target="_blank">Box Stallion winery for receivership sale</a>
<a href="mailto:jduke@propertyobserver.com.au" target="_blank">jduke@propertyobserver.com.au</a>
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Wine couple's South Perth home listed, with 1,000 bottle cellar

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Farm and land managers will see amendments to two key areas in native vegetation clearing rules that will take effect tomorrow, following an announcement by Western Australian Environment Minister Albert Jacob today.
“Farmers and land managers will be able to increase the amount of clearing for what is known as limited clearing exemptions from one hectare to five hectares, per financial year,” Jacob said.
“This change reflects contemporary farming practices and the need for the removal of vegetation to accommodate larger machinery.  For example, existing vehicle tracks may need to be widened to allow for a larger combine harvester,” he said.
“The other change will mean farmers and land managers will have 20 years to maintain land previously cleared lawfully, without applying for a clearing permit. This is an increase from the current 10-year time frame,” he said.
“These changes are designed to make life easier for farmers and land managers, without resulting in any significant risk to the environment. They are intended to reduce regulatory burdens that prohibit future growth and success for land owners and managers, and help farmers get on with managing their land,” Jacob said.
It is expected that these changes will result in reduced administrative burdens for both farmers and land managers.
The amendments follow several reviews of the clearing provisions in the Environmental Protection Act 1986.
Jacob said he was confident the amendments would deliver improvements to the regulation of clearing without causing any significant risk to the environment.
“The State Government is also considering further amendments to the Act to streamline approvals and improve regulatory effectiveness, and is committed to a new biodiversity conservation act that will replace the Wildlife Conservation Act 1950,” Jacob said.
“The Department of Environment Regulation will ensure these changes are communicated to farmers and land managers via targeted education, compliance and enforcement programs,” he said.
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dleow-BGaNPbHWyK

Land clearing changes in WA to reduce red tape

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Pool fences and safety barriers must be properly maintained to ensure safety for children over the summer months and Christmas, with a joint warning from the Consumer Protection and Building Commission issued.
This comes after a recent Coroner's Court hearing outlined a situation in which there were delays in repairing a self-closing pool security door at a rental property, that may have added to the factors surrounding the drowning of a child.
Commissioner for Consumer Protection Anne Driscoll is urging tenants to notify their landlord or property manager, preferably in writing, if they have any concerns and their pool safety barriers.
“If the safety concern is likely to expose a person to the risk of injury then an urgent repair is required,” Driscoll said.
“Under the Residential Tenancies Act, an urgent repair to avoid exposing a person to the risk of injury must be organised within 48 hours. If the tenant cannot contact the landlord or property manager or they fail to organise repairs within 48 hours, the tenant has the right to authorise urgent repairs and have the cost of any reasonable expenses reimbursed by the landlord."
Tenants' next step, if they experience delays from landlords or property managers to fix these issues, is to then contact their local governemnt authority who can order repairs to be underway.
Pool safety barriers including fencing, gates, windows or sliding doors are all listed as crucial aspects to check.
Building Commissioner Peter Gow said that the WA law puts the responsibility onto the owner and the occupier of the property to ensure the barriers are compliant.
“The law applies to new and existing swimming or spa pools, but not spa baths, and also to portable pools that have a capacity to contain water that is more than 300mm deep. Parents and carers, however, should be aware that portable wading pools containing less than 300mm of water are still a constant danger to young children," he said.
“A building permit is required for the installation of swimming or spa pools, including their associated safety barriers. A building permit may also be required to modify an existing safety barrier," said Gow.
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WA pool warning after child's death in rental

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Perth’s median house price has now hit an all time record according to Real Estate Institute of Western Australia (REIWA) statistics.  
With the November quarter’s median price sitting at $530,000 to $535,000, up from previously recorded $525,000 for the June quarter, it has hit a new high for the city.  
REIWA president, David Airey, said that the reason for the big rise was the slump in turnover from the September quarter and the return to more normal conditions.  
“The quarterly median for the three months to November was up by almost 4% and due mainly to the composition of sales during this period after strong first home buyer activity pulled the median house price down to $510,000 in the September quarter,” said Airey.  
“While first home buyer activity is still very evident, there was a solid increase in sales within a 10km radius of the CBD and a softening of activity in outer areas, particularly along the coastal sub-regions north and south of the city.” 
This caused an alteration in the composition of sales towards the more expensive properties, bringing the median up in further evidence first home buyers are steering clear of certain parts of the market.  
Weakening sales activity in Wanneroo, Joonadlup and Rockingham was noticed through November month, however it was a modest retraction of up to 3% on October.  
“It is more likely that first home activity in areas away from the coastal strip has been the focus of buyers in more recent times,” Airey said.  
The rental market, however continues to turn in favour of tenants with rental numbers increasing and median rents dropping again.  
“The median rent in the metropolitan area has dropped by just over 2% over the last three months to $460 across the board. This now breaks down to typical rents for houses coming in at around $470 per week and for units and apartments at around $450 per week,” he said.  
The vacancy rate sits at around 3.2%.
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Perth median house price at all time high: REIWA

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The State Government is looking to take immediate action to alter the Land Tax Assessment Act 2002 after a recent State Administrative Tribunal decision called into attention a hole in the Act.
A recent decision was made regarding a retirement village where some of the land was used for an exempt purpose, while other parts were non-exempt. The tribunal determined that despite only a portion of the land content being used for the retirement village, the exemption covered the entire land parcel.
The is due to a drafting defect in the Act during its rewriting in 2002, that overturns a policy position that pre-dated the current Act.
Finance Minister Mike Nahan said that millions of dollars in revenue was at stake should the issue not be addressed.
“As a result, I will be seeking to amend the legislation retrospectively, effective from July 1, 2003, to ensure that where only part of land is used for an exempt purpose, only that portion receives the benefit of an exemption,” Nahan said.
Those who have already sought a land tax assessment review, and whose objections have not yet been determined, have been told they will not be disadvantaged by the amendments. It is also not anticipated that any past year assessments will be reassessed.
Assessments for the 2013/2014 financial year and other assessments in the future will reflect this policy position.
Details are expected about the measure early next year when the legislation is introduced
It is not anticipated there will be any reassessments of taxpayer’s past year assessments.
Of all land owners in WA, approximately 116,000 will be subject to land tax in 2013/2014, with expected revenue of $657 million to be raised.
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Minister looks to alter WA land tax retrospectively

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If you're wondering where you can find the most expensive houses, then look no further than <a href="/news">Western Australia's Peppermint Grove</a>. The A-grade suburb has an eye-watering median house price of $3,537,500 with median asking rent of $1,600, according to RP Data.
The latest census data paints an interesting picture of the residents. An average family with 2.2 children, the median age is 40, with more females than males. The majority are married, English or Australian, and full-time workers in professional or management roles. There are 1,529 people living in the suburb.
The median weekly household income is $2,682 and it tops the list (with Cottesloe) as <a href="https://www.propertyobserver.com.au/western-australia/at-%24120000-plus-peppermint-grove-and-cottosloe-top-highest-earning-wa-postcodes/2013050160925" target="_blank">the top highest earning WA area</a>. The breakdown shows that 35.5% noted more than $3,000 gross weekly income.
A brief read through the Peppermint Grove Shire Council (the smallest council in Australia) minutes for the last few months speaks of additions, second storey alterations and pool houses being built. The council website also includes instructions for those wanting to put in tennis courts, or tennis court lighting.
The residents are also "fiercely independent", particularly against efforts to merge them into surrounding councils, <a href="https://www.postnewspapers.com.au/editions/20130615/pdf/paper.pdf" target="_blank">notes the Cambridge Post back in June</a> around the calling for a halt by the Minister for Local Government of calls to merge Cotteslow, Peppermint Grove and Mosman Park.
"Under the present 'Dadour' law, Peppermint Grove’s fiercely independent residents could thwart the absorption of their council by voting no in a referendum, provided more than 50% voted," they reported.
"Surveys conducted by the council show that 80% of residents want their shire to go it alone."
Bound by the edge of the Swan River and the Stirling Highway, nearby Cottesloe Station, think of any symbol of luxury and it's likely you'll find it. A yacht club, a tennis club, and decent public transport, with a golf club in the suburb opposite and easy access to shops, schools and other facilities - it's not surprising that it sits on the love list of some of Australia's richest.
It's truly a priviledged suburb, and the type of area where it's not completely unheard of to have more bathrooms than bedrooms, and more bedrooms than people in the home. Within the area, 79.8% are houses, with 22.2% rented.
The two neighbouring properties are worth a look. 136 and 137 Forrest Street, both listed currently open to offers.
This <a href="https://www.realestate.com.au/property-house-wa-peppermint+grove-115046367" target="_blank">six-bedroom, three-bathroom property at 136</a> asked for offers over $7 million back in May 2013 before being re-listed in October.
{yoogallery src=[images/stories/2013/11/26/pep1]}
Meanwhile, the <a href="https://www.realestate.com.au/property-house-wa-peppermint+grove-114087883" target="_blank">six-bedroom, five-bathroom home at 137</a> sold for $2,100,000 back in 2004 and is back on the market open to offers.
{yoogallery src=[images/stories/2013/11/26/pep2]}
However, how about something that sits at $25 million? <a href="https://www.propertyobserver.com.au/western-australia/peppermint-grove-home-set-to-shatter-price-record/2013031059772" target="_blank">Chiritta, a late 1800s built seven-bedroom house on 4,080 square metres</a> (pictured below) was listed by the founders of Channel 9 Perth earlier this year.
It ended up <a href="https://www.propertyobserver.com.au/news/whispers-nigel-satterley-paying-%24175-million-for-peppermint-grove-mansion-chiritta/2013081064067" target="_blank">selling at $17.5 million price in August</a>, still smashing the previous $16 million record set in 2010 by four-bedroom, four-bathroom 43 View Street.
{yoogallery src=[images/stories/2013/03/march11chiritta]}
The suburb has homed the Bond family who have owned and transacted a number of properties over the years, including connections to both View Street and Leake Street.
Other prestigious residents have also included members of the Packer family, members of the Bunning family and actor Heath Ledger, whose family owned a riverfront property on The Esplanade.
<blockquote lang="en" class="twitter-tweet">
Expat Michael Hintze wealthiest but Mosman and Peppermint Grove residents within 2013 Sunday Times 1000 rich list: <a href="https://t.co/k1Ww7cwnEC" target="_blank">https://t.co/k1Ww7cwnEC</a>
— Jonathan Chancellor (@titletattle) <a href="https://www.propertyobserver.com.au/https://twitter.com/titletattle/statuses/326267887864127488" target="_blank">April 22, 2013</a>
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And it's regularly a source of fascination for those nearby, with many taking the chance to stroll (or drive) through and look at the homes of Australia's rich and famous.
<blockquote lang="en" class="twitter-tweet">
Great arvo cruising around perths richest sub <a href="https://twitter.com/search?q=%23peppermintgrove&amp;src=hash" target="_blank">#peppermintgrove</a> <a href="https://twitter.com/search?q=%23mosmanpark&amp;src=hash" target="_blank">#mosmanpark</a> <a href="https://twitter.com/search?q=%23bicton&amp;src=hash" target="_blank">#bicton</a> <a href="https://twitter.com/search?q=%23home&amp;src=hash" target="_blank">#home</a>
— Kevin (@mcrfr) <a href="https://www.propertyobserver.com.au/https://twitter.com/mcrfr/statuses/404154683104563200" target="_blank">November 23, 2013</a>
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<blockquote lang="en" class="twitter-tweet">
A Peppermint Grove Sunrise <a href="https://twitter.com/search?q=%23perth&amp;src=hash" target="_blank">#perth</a> in far better weather conditions. <a href="https://twitter.com/tweetperth" target="_blank">@tweetperth</a> <a href="https://t.co/406yiMS2" target="_blank">pic.twitter.com/406yiMS2</a>
— Simon Burrows Photos (@simmoperth) <a href="https://www.propertyobserver.com.au/https://twitter.com/simmoperth/statuses/273920730524176384" target="_blank">November 28, 2012</a>
</blockquote>
 
RELATED STORIES<a href="https://www.propertyobserver.com.au/residential/the-24-million-dollar-perth-suburbs/2012043054357" target="_blank"> The 24 million-dollar Perth suburbs</a><a href="https://www.propertyobserver.com.au/western-australia/thunderstruck-six-prestige-perth-sales-that-snuck-through-when-we-weren-t-looking/2013010858575" target="_blank"> Thunderstruck: Six prestige Perth sales that snuck through when we weren't looking</a>
 
<a href="mailto:jduke@propertyobserver.com.au" target="_blank">jduke@propertyobserver.com.au</a> 
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A stroll through Australia's most expensive suburb, Peppermint Grove

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In what is appearing to be an increasingly significant issue, a private landlord has been fined $2,500 by the Geraldton Magistrates Court in Western Australia due to late bond lodgement.
Earlier this month <a target="_blank" href="https://www.propertyobserver.com.au/western-australia/real-estate-agency-fined-more-than-%2410000/2013111166288">Century 21 Wentworth Real Estate was fined more than $10,000</a> for 26 counts of failing to lodge bonds collected for rentals within the required 14 days.
After failing to deposit two security bonds with the Bond Administrator, and failing to do so for a third within 14 days of receipt, the fine was issued.
The former real estate agent and current private landlord John Lewis Donohoe of Geraldton, received a $2,100 bond from a tenant in January 2011. Donohoe also received a $2,000 bond from a tenant in May 201, but failed to deposit either of these into a trust account in the name of the owner and tenant, or with the Bond Administrator. He was fined $1,000 for each of these.
He was also fined $500 for receiving a $2,200 bond payment in June 2012 but taking 42 days to lodge it with the Bond Administrator.
He was also ordered to pay $486 in costs.
Commissioner for Consumer Protection, Anne Driscoll, said failure or delays in lodging bonds is a serious breach.
“The law ensures that a tenant’s bond money is secure and will not be misused, so private landlords as well as agents need to lodge the funds with the Bond Administrator as soon as practicable and certainly no longer than 14 days,” Driscoll said.
“Failing to do so, or lodging too late, can result in action by Consumer Protection which could result in a prosecution as well as serious damage to the landlord or agent’s reputation.”
The fact he was a former real estate agent and therefore should have been aware of the requirements of the act was taken into consideration by Magistrate Lawrence.
Currently, bonds must be lodged with the Bond Administrator within 14 days of collection. Those deposited into trust accounts prior to the new tenancy laws (effective as of 1 July 2013) need to transfer them to the Bond Administrator for the end of 2014.
 
RELATED READING:<a target="_blank" href="https://www.propertyobserver.com.au/industry-news/perth-real-estate-agency-fined-for-taking-six-months-to-refund-rental-bond-following-court-order/2012032854058"> Perth real estate agency fined for taking six months to refund rental bond following court order </a><a target="_blank" href="https://www.propertyobserver.com.au/landlords/how-to-get-your-bond-money-back-david-airey/2013092365081"> How to get your bond money back: David Airey </a> <a target="_blank" href="mailto:jduke@propertyobserver.com.au">jduke@propertyobserver.com.au</a>
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Landlord fined $2,500 over late bond lodgement

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The Cities of Fremantle, Kwinana and Melville, following last week's state government proposal for reform in Perth's metropolitan area, have called this a "big win" for the southern suburbs.
Noting that the plan is for the extension of the boundaries of Fremantle, Melville and Kwinana to encompass Cockburn and East Fremantle, Fremantle Mayor, Brad Pettitt, said that rates will not be artificially inflated, and services would not be adversely affected.
“There’s been a lot of debate throughout the process, but I think it’s important to reflect back on why we’re doing this in the first place, and that is to ensure local government is efficient and capable of serving the Perth metropolitan area’s growing population now and into the future,” said Pettitt.
“We see the recently released state government boundaries as being practical by grouping together similar communities and using major activity centres as the central hub. It is the best possible outcome not only for people in Fremantle, but those in the current Melville, East Fremantle, Cockburn and Kwinana council areas,” he said.
Meanwhile, City of Kwinana Mayor, Carol Adams, was also happy with the proposed changes.
“The more we look at this collaboratively, the more we all agree that the proposed model is not only fair and equitable, but will also increase the capacity of the new councils to meet the growing needs of our community. This means that everyone in the southern suburbs will have access to the quality of services they demand and deserve,” Adams said.
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Revised state government model a "big win" for Perth

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Former director of property developer Ocean Key Holdings Limited, now defunct, has been found guilty of stealing in excess of $820,000, according to ASIC.
The former director, Neil James Duckworth, of Mindarie, Western Australia, was accused of using money borrowed by Ocean Key Holdings Limited secured against land owned by the company to pay for personal and other unrelated expenses in October 2007.
Property Observer reported in <a target="_blank" href="https://www.propertyobserver.com.au/industry-news/former-ocean-keys-director-neil-duckworth-faces-22-charges-of-stealing/2011121252800">December 2011 of Duckworth facing charges</a>.
Duckworth, of Duncraig, Western Australia, was charged with 22 counts of stealing as a director of the company.
A four-week trial in the Perth District Court, a jury found Duckworth guilty on 20 counts yesterday. Each of the charges carries a maximum penalty of 10 years' imprisonment.
It was prosecuted by the Commonwealth Director of Public Prosecutions.
He will return to Perth District Court on Friday 20 December 2013 for his sentencing hearing.
ASIC commissioner John Price said that directors are important gatekeepers in Australia's financial system.
"ASIC expects them to act honestly, take their responsibilities seriously and discharge their duties carefully," said Price.
Ocean Key Holdings was <a target="_blank" href="https://www.search.asic.gov.au/cgi-bin/gns030c?acn=110221960&amp;juris=9&amp;hdtext=ACN&amp;srchsrc=1">deregistered by ASIC in 2010</a>, it was also known as Ocean Keys.
ASIC records note that in 2006 an Offer Information Statement was used, seeking to raise $5 million from the public to undertake a subdivision and sale of land purchased by the company. The land, in WA's Lancelin, was never subdivided and no progress was made. The land had been mortgaged, with the funds used by Duckworth for largely unrelated purposes.
The funds have not been repaid.
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