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

Joel Robinson

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

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

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

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

Bottega House secures landmark riverfront site in St Lucia 

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

SIERA kicks off construction at Northcliffe tower Exhale

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

Eastern Suburbs buyers snap up ESTE Little Bay apartments

Sydney’s property market is known for high prices, competitive bidding, and mounting pressure on first home buyers. But change is on the horizon.

From late 2025, eligible first home buyers in New South Wales will have access to a new federal government initiative aimed at addressing affordability: the Help to Buy Scheme.&nbsp;

<h2>What is the Help to Buy Scheme?</h2>

The program introduces a shared equity model intended to reduce the upfront cost of entering the property market, particularly in high-demand urban areas such as Sydney.

The scheme operates under a shared ownership structure in which the federal government takes an equity stake of up to 40 per cent for new homes, or 30 per cent for existing dwellings. This arrangement allows eligible buyers to significantly reduce their loan size and avoid the added cost of Lenders Mortgage Insurance (LMI).

Under this model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required. The government’s contribution is not a loan but a co-ownership stake in the property. As such, there is no interest or rent charged on its portion.

Because the government’s equity combined with the buyer’s deposit typically meets or exceeds the 20 per cent threshold, LMI does not apply. The remaining balance, generally between 60 and 70 per cent of the property’s value, is financed through a standard home loan with a participating lender.

The government's equity in the property remains in place until the buyer chooses to repay it voluntarily or until the property is sold. Buyers can buy back the government’s share over time, in increments of at least five per cent, depending on their financial situation.

There is no fixed repayment timeline, but the amount to be repaid will be based on the property's market value at the time of repayment, not the original purchase price.

<h2>How do you qualify for the&nbsp;Help to Buy Scheme?</h2>

To qualify for the Help to Buy Scheme, applicants must meet the following conditions:

<ul>
	<li>Be an Australian citizen at least 18 years of age.</li>
	<li>Be a first-home buyer who does not currently own property.</li>
	<li>Intend to live in the property as their primary residence.</li>
	<li>Earn less than $100,000 per year for individuals, or $160,000 for couples.</li>
	<li>Purchase a property within the regional price caps, currently $950,000 in Sydney, though this is expected to rise to approximately $1.3 million ahead of the program’s launch.</li>
</ul>

While the Help to Buy Scheme does not solve affordability challenges across the board, it does offer a more accessible pathway for a defined segment of the market, particularly younger buyers with moderate incomes who have been priced out of traditional lending routes.

The scheme is expected to commence in NSW in late 2025, as part of a national rollout.

Under the new model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required

Help to Buy Scheme: What first home buyers in NSW need to know

The First Home Owners Grant (FHOG) is a government initiative designed to help eligible first-time home buyers by offering financial assistance towards the purchase or construction of a new home.

While the FHOG is a nationwide program, it is administered separately by each state and territory, meaning the eligibility criteria, grant amounts, and property requirements can vary depending on your location. This means that the amount available and the conditions attached to the grant will differ, so it is important to check the specific guidelines for your state or territory.

It’s important to note that the FHOG is just one of several incentives available to first home buyers. In most states and territories, the grant is not linked to stamp duty exemptions or concessions, with the exception of the Australian Capital Territory (ACT). The FHOG is typically a one-off payment, reducing the overall cost of purchasing or building a new home before any stamp duty concessions are applied.

Below, we provide a breakdown of the First Home Owner Grants available across Australia, outlining the specific details for each state and territory.

<h2>New South Wales First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $600,000. For land purchases and owner-builders, the threshold extends to $750,000.

Stamp Duty Benefits: Provides full stamp duty exemption for homes valued up to $800,000, with concessions available for properties up to $1 million.

<h2>Victoria South Wales First Home Owner Grant</h2>

First Home Owner Grant: Provides a $10,000 grant for first-home buyers purchasing or building new homes valued up to $750,000.

Stamp Duty Benefits: Offers full stamp duty exemption for properties up to $600,000, with concessions available up to $750,000.

<h2>Queensland First Home Owner Grant</h2>

First Home Owner Grant: Offers $30,000 for contracts signed between 20 November 2023 and 30 June 2025. The FHOG applies to new homes valued up to $750,000.

Stamp Duty Concessions: Provides additional concessions for properties valued up to $800,000.

<h2>Western Australia First Home Owner Grant</h2>

&nbsp;

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $750,000 in the southern regions and up to $1 million in the northern regions.

Stamp Duty Concessions: Available for homes valued up to $600,000 for transactions entered into on or after 9 May 2024.

<h2>Australian Capital Territory First Home Owner Grant</h2>

First Home Owner Grant: Replaced by the Home Buyer Concession Scheme, offering full stamp duty concessions for eligible buyers.

<h2>South Australia First Home Owner Grant</h2>

First Home Owner Grant: Provides up to $15,000 for new homes, including houses, apartments, and townhouses. As of 6 June 2024, there is no property value cap for eligibility.

Stamp Duty Relief: Available for new homes and vacant land purchases.

<h2>Tasmania First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes and off the plan purchases.

Stamp Duty Exemption: Between 18 February 2024 and 30 June 2026, first home buyers of established homes valued up to $750,000 receive a full exemption on property transfer duty.

<h2>Northern Territory First Home Owner Grant</h2>

First Home Owner Grant: The Northern Territory provides a $10,000 grant for new homes only. Additional government grants and concessions are available for first home buyers.

Stamp Duty Exemption: The only stamp duty exemption available to property buyers is the House and Land Package Exemption (HLPE).

Eligibility criteria and application processes differ across states. Prospective buyers should refer to their respective state revenue offices for full details on grant availability, conditions, and additional concessions.

Every First Home Owner Grant for new property by state

In the ever-evolving landscape of sustainable architecture and environmentally conscious design, systems and ratings in place can help determine the energy efficiency of residential buildings in Australia.

Australia has multiple building rating systems that evaluate energy efficiency and sustainability in existing and new building designs.

Some systems assess individual building components, while others provide an overall rating for the entire structure.

A rating system ensures that homes are comfortable and energy-efficient, whether you are buying, renovating, or building.

NatHERS (Nationwide House Energy Rating Scheme) is a common way for new homes to meet energy efficiency requirements.

As new developments continue to shape the urban environment, understanding NatHERS ratings becomes essential for developers and homeowners. This article delves into the concept of NatHERS ratings, their significance, and how they contribute to creating energy-efficient homes.

<h2>What is NatHERS?</h2>

NatHERS is a national initiative implemented by the Australian government to promote energy efficiency in residential buildings. The scheme aims to provide a standardised method for assessing the thermal performance of homes, considering factors such as insulation, orientation, ventilation, and building materials.&nbsp;

NatHERS ratings are the most common way new homes meet the National Construction Code's (NCC's) minimum energy efficiency requirements.&nbsp;

NatHERS assessments provide thermal and whole-home ratings for new homes, townhouses, and apartments.

The rating helps evaluate the energy performance of buildings, guides homeowners and developers to make informed decisions about the energy efficiency of their properties, and encourages the construction of more sustainable, comfortable, and cost-effective homes.

<h2>How NatHERS Ratings Work</h2>

NatHERS ratings are determined through four accredited software tools (AccuRate, BERS Pro, FirstRate5, HERO) using a calculation engine CSIRO developed to predict building temperature based on various factors.

The tools can model complex effects of building mass, insulation, window size, and other elements.

The outcome is a star rating that reflects the building's overall thermal efficiency, indicating how well it can maintain a comfortable indoor temperature without excessive reliance on heating or cooling systems.

The star rating scale ranges from 0 to 10, with a 6-star rating being the minimum requirement for compliance with the National Construction Code (NCC).&nbsp;

Achieving a higher star rating demonstrates a commitment to energy efficiency and sustainability, as the building is better equipped to minimise its environmental impact and reduce long-term energy costs.

Anyone can use NatHERS tools, but accredited assessors can provide certified ratings and professional advice.

<h2>Benefits of Higher NatHERS Ratings</h2>

Energy Efficiency: Buildings with higher NatHERS ratings are more energy-efficient, requiring less heating and cooling energy. This reduces the structure's carbon footprint and lowers occupants' energy bills.

Cost Savings: Homes with higher NatHERS ratings are generally more energy-efficient, resulting in reduced energy consumption for heating and cooling. This translates to lower energy bills for homeowners, making sustainable living environmentally friendly and economically viable in the long run.

Environmental Impact: Lower energy consumption directly translates to a reduced environmental impact. Buildings with higher NatHERS ratings contribute to the overall goal of mitigating climate change by lowering greenhouse gas emissions associated with heating and cooling systems.

Improved Comfort: Buildings with high NatHERS ratings offer better thermal comfort to occupants. Proper insulation, well-designed ventilation, and optimal orientation maintain a consistent and comfortable indoor temperature, providing occupants with a more enjoyable and healthier space.

Market Value and Desirability: Higher NatHERS ratings can enhance the market value of a property. As energy efficiency becomes a more significant consideration for homebuyers, a well-rated building may attract a premium price and stand out in the real estate market.

Compliance with Building Codes: NatHERS ratings are a vital component of the National Construction Code (NCC), and compliance with these ratings is often a mandatory requirement for new developments. Local councils and planning authorities may set minimum energy efficiency standards that must be met to obtain development approval.

The Nationwide House Energy Rating Scheme (NatHERS) is a crucial initiative shaping the future of energy-efficient, resilient, and cost-effective homes. With its recent upgrades, NatHERS has evolved into a world-leading tool for the building sector, supporting the global commitment to achieving net-zero emissions by 2050.

Staff Writer

What is a NatHERS rating in new off the plan apartment developments?

Mixed-use developments have gained significant popularity across Australia in recent years due to their unique blend of residential, commercial, and recreational spaces.

Unlike traditional single-purpose developments, mixed-use projects offer a harmonious integration of various functions within a single locale.

Residential units seamlessly coexist with commercial establishments, retail outlets, dining venues, entertainment hubs, and recreational facilities, with the combination not only enhances convenience but also fosters a vibrant lifestyle and a sense of community.

<h3>Convenience and accessibility</h3>

Mixed-use developments are designed with convenience in mind. They often integrate residential units with commercial spaces, retail outlets, restaurants, and recreational facilities, creating a self-contained community.

[smartcode_project:default project_id=114215 project_image_fid=204874]

The proximity allows residents to enjoy the convenience of having essential amenities and services within walking distance. Whether it's grabbing a cup of coffee, going grocery shopping, or accessing healthcare services, everything is conveniently located, saving residents time and effort.

<h3>Vibrant lifestyle and community</h3>

One of the major advantages of mixed-use developments is the vibrant lifestyle they offer. With a diverse range of amenities and communal spaces, residents have ample opportunities to interact, socialise, and build a sense of community.

[smartcode_project:default project_id=107714 project_image_fid=214122]

The presence of parks, community centres, and shared spaces fosters a lively atmosphere, encouraging residents to engage in various activities and events. The vibrant lifestyle within these developments creates a unique sense of belonging and camaraderie among the residents.

<h3>Potential for higher rental yields and property value appreciation</h3>

Mixed-use developments tend to attract a broad range of tenants and buyers due to their versatile nature. This high demand can result in higher rental yields for investors and potentially lead to property value appreciation over time.

[smartcode_project:default project_id=139989 project_image_fid=212887]

The integration of commercial and retail spaces attracts businesses, which can provide a stable rental income stream. Additionally, the popularity of mixed-use developments often drives up property values, making them a potentially lucrative investment in the long term.

<h3>Enhanced security and maintenance</h3>

Mixed-use developments typically have comprehensive security measures in place. With controlled access points, CCTV surveillance, and professional security staff, residents can enjoy enhanced safety and peace of mind.

[smartcode_project:default project_id=108019 project_image_fid=212658]

Additionally, these developments often have dedicated maintenance teams responsible for the upkeep of common areas, landscaping, and infrastructure. This ensures that the overall appearance and functionality of the development are well-maintained, creating a pleasant living environment for residents.

<h3>Live-work-play balance</h3>

One of the key attractions of mixed-use developments is the ability to achieve a desirable live-work-play balance. The integration of residential and commercial spaces allows residents to live closer to their workplaces, reducing commuting time and improving work-life balance.

The proximity to various amenities and recreational facilities encourages an active and healthy lifestyle. Residents can easily access fitness centres, parks, restaurants, and entertainment options, all within the same development, leading to a more fulfilling and convenient way of life.

alisonwarters@gmail.com

The top five reasons to buy in a mixed-use development

When buying a property, everyone needs to be aware of the additional costs that come as part of the buying process.

Often the largest outlay, after the deposit which goes to the bank, is stamp duty.

<h2 style="line-height: 1.38;">What is Stamp Duty?</h2>

Stamp duty is an extra tax to pay the government when you buy land, a property, and other certain assets.

It happens when the legal ownership is transferred. It can also be known as property transfer duty or transfer duty.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/C32BWkB5--c" title="YouTube video player" width="660"></iframe>

<h2>Who pays Stamp Duty?</h2>

In some circumstances, you may get an exemption. For some states, you won’t have to pay for stamp duty if you are a first home buyer or a pensioner for houses under a particular price. There are also stamp duty concessions, where you may be entitled to a discount.

<h2>How much does Stamp Duty cost?</h2>

Each state has different rules which affect how much you need to pay. These rules can affect the rate you pay, and the timeframe you will need to pay in. Before you buy land or a property, make sure you check the up-to-date information for your state’s stamp duty.

You can use a free stamp duty calculator online to see approximately how much you’ll need to pay. Find out if you’re eligible for an exemption by enquiring on a project via Urban!

Overall, the stamp duty you need to pay will depend on:

<ul>
	<li aria-level="1">How much your land/property is worth</li>
	<li aria-level="1">Where your land/property is located</li>
	<li aria-level="1">What type of land/property it is</li>
</ul>

Want to find out more? <a href="https://www.youtube.com/@UrbanAustralia?utm_source=YouTube&amp;utm_medium=Video&amp;utm_campaign=Subscribe&amp;utm_id=Subscribe">Subscribe to our YouTube channel</a> for more property videos.

Ellen Walker

Off-the-plan property explained: What is stamp duty?

Boutique Perth developer ADC has unveiled its latest project.

The developer, which focuses on bringing apartments to some of Perth's most premium inner-city and riverside suburbs, has launched <a href="https://www.apartments.com.au/new-apartments/mos-lane-mosman-park-46-manning-street-mosman-park-wa-6012">Mos Lane</a>, 68 luxury apartments and townhouses in the heart of <a href="https://www.apartments.com.au/developments/mosman-park-wa-6012">Mosman Park</a>.

<section data-scroll-anchor="true" data-testid="conversation-turn-124" data-turn="assistant" data-turn-id="request-69e027bc-1530-839b-a316-e9dad2cbd4d9-34" dir="auto">
Alongside the one-, two-, three- and four-bedroom apartments, the development will also include five two-level townhomes and two luxe penthouses. ADC is also introducing a significant retail offering for residents through Mos Lane Village, which will feature a wellness studio, fish and chips shop, barber, and florist, adding a layer of amenity not typically found in the predominantly residential Mosman Park area.

Construction has already commenced on the project, which sits just a short walk from the Swan River, Mosman Park Bowls Club, and Mosman Park Golf Course.

House Agency Directors Tom House and Lachlan McDonald say they are fielding the majority of buyer interest from local downsizers, as well as buyers with a long-standing affinity for Mosman Park.
</section>

[smartcode_project:default project_id=148957 project_image_fid=364591]

Mos Lane will comprise two buildings; Samson House and Manning House, which have been designed by&nbsp;<a href="https://www.apartments.com.au/architects/nelson-koo">Nelson + Koo</a>, an emerging design consultancy specialising in the masterplanning and design of mixed use places and spaces.

The two buildings adopt distinct architectural responses to their surroundings. Manning House references the strong roof forms of nearby homes, with floorplates oriented to maximise light and long-range views, while Samson House is organised around a central atrium designed to bring daylight deep into the building and create a greater sense of openness.

At ground level, the inclusion of five townhomes introduces a typology more commonly associated with Mosman Park’s established streets, each with private courtyards and direct frontage, offering a transition between traditional housing and apartment living.

[smartcode_project:default project_id=148957 project_image_fid=364103]

Interiors have been led by Melbourne-based Hecker Guthrie, with an emphasis on practical, long-term liveability. Residences incorporate sculpted joinery, generous storage and flexible multi-purpose rooms that can adapt to changing household needs, whether for working from home, guest accommodation or additional living space.

Material selections draw on a restrained palette of textured stone, timber and neutral tones, with options for lighter or darker schemes. Detailing such as fluted glass, full-height joinery and integrated appliances is intended to balance functionality with a more refined residential finish.

Outdoor spaces are a consistent feature across the development, with balconies and terraces designed for dining and entertaining, and larger apartments incorporating outdoor kitchens. Orientation has been considered to allow residents to choose between morning or afternoon sun, while mature street trees and landscaped communal areas contribute to a softer streetscape.

[smartcode_project:default project_id=148957 project_image_fid=364107]

Shared amenities are positioned to support both day-to-day convenience and occasional use. These include a private dining room with a caterer’s kitchen, alfresco entertaining areas, and a bookable guest suite for visiting friends and family. Additional practical features such as a resident workshop, storage facilities, car and pet wash areas, and concierge-style services for cleaning and dry-cleaning collection reflect a focus on usability.

Positioned between the Swan River and Cottesloe Beach, and within reach of schools such as Iona Presentation College and St Hilda’s Anglican School, the development is aimed at a broad buyer group, from downsizers seeking a lower-maintenance alternative to larger homes, through to local residents looking to remain in the area in a different housing format.

Mos Lane represents one of the more significant additions to Mosman Park’s limited pipeline, combining new housing supply with a village-style retail centre in a suburb where opportunities for large-scale redevelopment are relatively constrained.

[smartcode_project_cta:default project_id=148957]

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

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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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jduke-EHk3XBmHkn

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>
</blockquote>
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>
</blockquote>
<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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Defunct developer's director found guilty of stealing $820,000

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Called one of the most beautiful properties in Australia, Maitraya is a 222.5 hectare property that has now been listed. It includes its own 900 metre airstrip and heli pad.
Located in Western Australia's Albany and <a target="_blank" href="https://www.mackhall.com.au/for-sale/albany/na/279864.aspx">on the market with Mack Hall Real Estate (updated)</a>, and now asks for "Price on Application", it is a one hour flight from Perth. Property Observer notes that it's apparently looking for offers over $20 million.
{yoogallery src=[images/stories/2013/11/14/alb]}
With features including 500 acres of "elevated pristine oceanfront land" - fronting three ocean beaches, a theatre room, tennis court, gym, indoor pool, spa and sauna... if you're looking on enviously right now, you're not alone.
The 15-bedroom offering (including an eight-bedroom sandstone manor, a five-bedroom fisherman's lodge and a two-bedroom Aviator's Cottage) is certainly not only a home, as it also has a significant business opportunity - there are weddings, events and retreats already booked in for the future.
<img alt="albany-floorplan-nov-14" src="/images/stories/2013/11/14/albany-floorplan-nov-14.gif" height="603" width="470">
With six open fireplaces, a hallway spanning 3.3 metres wide, lakes for fishing, fruit orchards, chickens, a glass conservatory, kayaks at the lakeside gazebo, a boardroom seating 14 people and a library, it seems there’s very little that can’t be done here – be it work, or play. It’s also said to have “aquaculture potential”.
The Maitraya Luxury Private Retreat website <a href="https://maitraya.com/wp-content/uploads/2012/08/BOUNDARIES.pdf" target="_blank">clearly shows the property’s boundaries on this map</a>, and notes Albany is “widely regarded as the premier destination for whale watching”. The estate is also eco-friendly, with the Aviator’s Cottage being completely self-sufficient.
Rates for those holidaying can span up to $700 per room per night, for last minute bookings.
 
{yoogallery src=[images/stories/2013/11/14/fish]} 
The <a href="https://maitraya.com/accommodation/fishermans-lodge/" target="_blank">Fisherman’s Lodge</a> is on a cliff top with 360 degree views over Taylor Inlet. It has access to a boat ramp, an open plan kitchen, living and dining area, a children’s play area with cubby house and swing set, a fully equipped games room and an undercover barbecue. It’s larger, able to cater to about 10 guests.
 
{yoogallery src=[images/stories/2013/11/14/avi]}
The eco-friendly <a href="https://maitraya.com/accommodation/aviators-cottage/" target="_blank">Aviator’s Cottage</a> is a short walk from the coastline, a private swimming lagoon and a surfing beach. Sleeping up to four people, it has a wood fired stove. It’s alongside the air strip.
{qtube vid:=rn-LTSi_N28&amp;feature=youtu.be}
 
{module Which of these on-site properties would you want to stay in?}
<a target="_blank" href="mailto:jduke@propertyobserver.com.au">jduke@propertyobserver.com.au</a>
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One of the "most beautiful" holiday resorts listed

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Steady population growth and strong investment spending is tipped to underpin demand and buyer interest in Perth's industrial property market in the year ahead.
In its latest industrial research and forecast report for the second half of 2013, Colliers International found that while 2013 had seen a relatively subdued rental and investment market, Perth’s industrial sector remained tight in comparison to other major capitals such as Melbourne and Sydney, "with rents increasing and yields tightening in response to comparatively minor upward shifts in demand.”
Colliers director of industrial, Wayne Chorley, said that despite the downbeat commentary on the state of WA’s economic outlook in recent months, predictions of an adverse impact on the property market had failed to eventuate.
"We have not seen any major impact on vacancy, and rents have held up well with only a small increase in availability – stock at the top end of the market in particular remains very tight, with pent-up demand for larger assets," he said.
The report highlighted that while the resource sector project investment had come off a record peak from the 2012/2013 period, investment spending had remained strong. Deloitte Access Economics is forecasting quarterly expenditure out to 2021 to be about 20% higher than the five- year average to June 2013.
"China’s strong demand for iron ore is expected to continue, and drive a new round of construction activity and infrastructure spending in the less developed interior regions," it said.  "This is expected to flow through to WA commodities demand over the medium term."
Chorley said “Institutional investors are looking at what remain reasonably strong forecasts and a build-up of capital, and it’s pushing up their level of interest in the WA market – and as a result we’re seeing a number of them looking to enter or increase their exposure to the Perth industrial sector". “At the same time, we’re now seeing the first green shoots and stirrings of activity in that smaller end of the market, which had been quiet for much of this year, so the signs are there that the market across the board is beginning to gear up again".
In the medium term, Colliers is projecting rental growth to be minimal. Cost cutting was the current trend among businesses and that was likely to reduce expansion, it said. “Perth’s industrial rents are in general already higher than most Australian capital cities and this is likely to impact landlords’ ability to push rents higher without further impacting industrial occupier sentiment," the report added.  
<a href="mailto:%20news@propertyobserver.com.au" target="_blank">news@propertyobserver.com.au</a>         
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Perth industrial market tipped to remain tight

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A 2.96-hectare Cannington site adjacent to one of Western Australia’s largest shopping centre, Westfield Carousel, is on the market for over $16 million.
Located on the corner of Carousel Road and Grose Avenue, the site is advertised as being ideal for a mixed-use redevelopment.
<img src="/images/stories/2013/11/15/cannington-nov-15-one.jpg" width="470" height="177" alt="cannington-nov-15-one">
Australian-owned furniture manufacturer and wholesaler DIM Furniture currently leases 18,000-square-metre of older style office and warehouse space, returning approximately $1.3 million annual.
DIM hold a lease until June 2015, plus a five-year option.
“The site is zoned commercial but the Town of Cannington has indicated it would ultimately prefer a mixed use development on the site with a combination of commercial and residential components,” says John Corbett Knight Frank managing director.
“There is development potential to five levels based on council design guidelines and it has the potential for significant development density,” says Corbett.
Tom Shaffer of Knight Frank expects interest from a broad range of local and national investors and syndicators and well as overseas buyers.
<a target="_blank" href="mailto:ntrotman@propertyobserver.com.au">ntrotman@propertyobserver.com.au</a>
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