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

Joel Robinson

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

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

Lowe Living unveils Middle Park apartment development

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

DVB Projects to launch second Broadbeach apartment tower as demolition commences

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

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

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

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

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

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

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

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

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

Every First Home Owner Grant for new property by state

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

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

Staff Writer

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

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

alisonwarters@gmail.com

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

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

Ellen Walker

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

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

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

<html><body>
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>
</body></html>

jduke-EHk3XBmHkn

One of the "most beautiful" holiday resorts listed

<html><body>
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>         
</body></html>

kjiminez-eaYKfU7qd2

Perth industrial market tipped to remain tight

<html><body>
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>
</body></html>

ntrotman-Et3xWpamVh

Cannington site with development potential seeks $16m plus

<html><body>
Sydney-based Rick Otton, the investment promoter and author of 'How to buy a house for a dollar' claimed as one of the Top 10 Most Popular Business Titles for 2013 by Money Magazine and Dymocks, is voluntarily foregoing promotion of his rent-to-buy scheme to WA investors.
This is due to WA Consumer Protection's belief that some of his advertising was misleading, requiring clarification based on statements made on a number of his websites.
Commissioner for Consumer Protection Anne Driscoll said that the seminars Otton and his companies run, which provide education and mentoring at a fee, appear to exaggerate the potential gains.
“These types of seminars highlight to potential investors the benefits of securing their financial future by investing in property, while downgrading the risks. They also appear to exaggerate the potential gains from property and other investments by following the promoter’s programs,” Driscoll said.
“We advise those who attend these seminars to resist the pressure to sign any contracts or pay any fees without first getting proper independent advice from financial advisers and property investment professionals. Consumers should be wary about any ‘get rich quick’ claims being made.”
The Department of Commerce notes that "Richard “Rick” Keith Otton, together with his companies Rick Otton.com Pty Ltd and We Buy Houses Pty Ltd, entered into an enforceable undertaking with Consumer Protection in which he undertook to refrain from conducting his seminars in WA."
This also requires him to refrain from sharing promotional material and promoting his real estate business in the state for a two-year period, as well as publishing information clarifying how the promoted arrangements operate.
Otton and his companies have not admitted any wrongdoing under Australian Consumer Law.
Driscoll said that WA consumers are being misled by the marketing of his scheme with statements including ‘buy a house for one dollar’ and ‘profit without initial investment’, the former being part of his book title also.
The way the scheme works is the following. Otton offers a vendor $1 for an option to buy their property at a future agreed price, while paying rent in the meantime with the seller retaining ownership during this time.
The investor then purchases the option on the condition they pay regular instalments at a rate higher than the rent, with an expectation of securing a loan to exercise the option.
Investors may know of this strategy as vendor financing or rent to buy.
As the scheme cannot really be completed with just $1, or without investment, Driscoll said that this constitutes as misleading.
Under their agreement, the Department of Commerce notes that Otton, his companies and his three websites (howtobuyahouseforadollar.com; rickotton.com, massivepassivecash.com.au) must make the following clear to buyers in WA:
- The purchase price for the property must ultimately be paid before they can own the property
- The one dollar payment to buy the option is only the initial step towards owning the property
- They may not necessarily satisfy a bank’s lending requirements to exercise the option to buy. Payment of instalments over time may not be proof of creditworthiness
- Legal advice should be obtained before being involved in a rent-to-buy property scheme
The following is now present on Otton's websites, which Driscoll said overcomes the concerns:
"The Commissioner for Consumer Protection (WA) has requested that the following clarifications be conveyed to our Western Australian customers:
A) In order to become the owner of real estate, the purchase price for the property ultimately must be paid;
B) This system does not enable you to become the owner of a house for $1 - you can only purchase an option for $1. This system may provide you with an initial step towards owning real estate.
C) The making of instalment payments can be seen by banks as a sign of credit worthiness for future lending, but it is not the only factor considered. You may not necessarily satisfy a bank's lending requirements just by pointing to payments of instalments over time as proof of creditworthiness.
D) It may be unlawful in Western Australia to effect transactions of real estate between other people without holding a real estate agent's licence under the Real Estate and Business Agents Act 1978 (WA). You should obtain legal advice relevant to your circumstances before operating a rent-to-buy business in Western Australia."
At present, Otton is allowed to continue with business as usual in other states and territories. 
A recent DVD in the mail in Melbourne from RickOtton.com came with testimonials including "I made $37,000 With Only $1 Invested!" "We Made $180,000 With No Money Invested!" and similar.
Rick Otton, in a press release <a href="https://vendorfinanceinstitute.com.au/consumer-protection-wa-our-industry-moves-forward/" target="_blank">circulated by the Vendor Finance Institute</a>, said: "Anyone who has read my book, 'How To Buy A House for A Dollar' or attended one of my property events, knows that you literally can't buy a house for one dollar. In order to avoid any confusion for WA consumers I've agreed to clarify statements they feel are misleading."
The institute notes that the industry is going through a transition period.
The <a href="https://www.commerce.wa.gov.au/ConsumerProtection/PDF/EnforceableUndertaki/RickOttonWeBuyHouses.pdf" target="_blank">enforceable undertaking is available online here</a> which, signed on 27th August 2013 by Otton and the Commissioner, states the following:
"The Commissioner for Consumer Protection (western Australia) (Commissioner) has raised concerns with the Otton Parties that the Scheme Representations may be capable of misleading Western Australian consumers, in contravention of the Australian Consumer Law (WA) (ACL), because: G.1 The Otton Scheme provides for the Promoter to pay $1 (or other nominal amount) for an option to purchase a house; G.2. But in order to acquire title to the house, the Promote must exercise the option; G.3. And in order to exervise the option, the Promoter must pay the Promoter's Exercise Price; G.4. hence, the Otton Scheme does not actually enable anyone to become the registered proprietor of a house for $1 (or other nominal amount); and G.5. A buyer may not necessarily satisfy banks' lending requirements merely by pointing to the Buyer Payment over time as a proof of creditworthiness."
Property Observer notes that there are also currently other companies using sales pitches surrounding little to no money down required to promote their products in Western Australia.  It remains to be seen whether the Department of Commerce will treat these in a similar manner.
<a href="https://mce_host/jduke@propertyobserver.com.au" target="_blank">jduke@propertyobserver.com.au </a> 
</body></html>

Best-selling property investment author's WA seminars banned: Department of Commerce

<html><body>
Having been convicted of 26 counts of failing to lodge bonds collected for rentals within the required 14 days, Century 21 Wentworth Real Estate in East Perth has been fined more than $10,000 after previous warnings, and it is apparent that landlords, or self-managing investors, can also face this fine.
As well as being fined $10,400 for failing to lodge security bonds with the Bond Administrator, Wentworth Mutual Investment Management Pty Ltd, trading as Century 21 Wentworth Real Estate, was also required to pay $643 in costs on 8 November 2013 by the Perth Magistrates Court.
The agency had taken between 17 and 53 days to lodge 26 bonds, totalling $39,200, according to lawyers for Consumer Protection.
The bonds had been collected during March and April 2012.
Landlords who self-manage and fail to lodge bonds collected for rentals within the time frame would also face penalties.
Century 21's Chairman Charles Tarbey told Property Observer that they had taken steps to fix the issue.
“I purchased the company in December 2011 and as soon as we were made aware of the issue, the company took immediate steps to rectify it," said Tarbey.
In May 2013, Property Observer reported on a <a target="_blank" href="https://www.propertyobserver.com.au/industry-news/perth-century-21-branch-the-latest-to-be-fined-%248000-for-late-bond-lodgements/2013052761677">Century 21 office in Perth taking an average of three months to lodge 14 security bonds</a>. 
Maida Vale-based Dalefin Holdings Pty Ltd, trading as Century 21 Eastbelle Realty, was fined $8,000 for the late bond lodgements.
Three other companies were at that time on the radar for similar breaches:
<ul>
<li>A real estate agency was fined $15,000 in December 2011 over 51 late lodgements that were 17 to 72 days late</li>
<li>A real estate agency was fined $10,000 in April 2013 over 27 late lodgements that were, on average, 38 days late</li>
<li>A property management company was fined $10,000 earlier this month over 37 late lodgements that were 17 to 46 days late</li>
</ul>
In April this year, Consumer Protection warned real estate agents, property managers and landlords about late bond lodgements after Dalgon Pty Ltd trading as Acton West, now Acton Cottesloe, pleaded guilty on 5 April 2013 to 27 charges of failing to lodge security bond money as soon as practicable.
Commissioner for Consumer Protection Anne Driscoll urged landlords to comply with the law.
“Consumer Protection will take action against agents or landlords who retain these funds for an unreasonable amount of time and fail to comply with the law,” Driscoll said.
Century 21 have been contacted for comment.
</body></html>

Real estate agency fined more than $10,000

<html><body>
The City of Perth's Lord Mayor, Lisa Scaffidi, has spoken out against the state's planning changes, calling them inconsistent, poorly managed and a 'backflip.
Referring to the July 30 announcement, where the Premier and Minister for Local Government met with the Deputy Lord Mayor and proposed a revised city plan, Scaffidi said that the revices changes this week have turned them against the plans.
“The City now joins a growing list of strong adversaries on the way this process is being managed while previously they had been very much in sync with the Government on this matter," she said.
“We put our faith in a strategic and logical argument while now it seems the State is playing populist politics.  The State Government has a clear lack of understanding of fundamental local government issues and clear priorities such as the strategic outlook for the capital city which is the City of Perth."
She pointed to the eastern aspect of the city, including areas such as Belmont Park and Burswood Peninsula Estate, as one of many areas of contention. Noting that a proposed stadium and casino are located on the peninsula, she said it made sense for them to come under one LGA.
Concerns for ratepayers were also expressed, with areas other than the City of Perth having higher rates, meaning either a revenue shortfall or an increase across the LGA, should boundaries change in this way.
Ratepayers at Brookfield Place would face a collective estimated $214,000 increase under the changes.
</body></html>

City of Perth joins list of adversaries to state planning changes

<html><body>
The Real Estate Institute of Western Australia released its property results from the September quarter last week and there were three clear trends to be found among the data.
The most noticeable trends are the drop in sales turnover, strong but declining first home buyer activity and the narrowing of most sales into a particular price range.
Sales drop
The REIWA analysis show the number of metropolitan sales dropped away by around 6% in the quarter with 10 of its 13 weeks being below average for turnover this year.
In fact the more affordable north-east and south-east corridors in metropolitan Perth were the only sub-regions to show an increase in activity.
The sales of units and apartments remained steady across the board, but house sales dropped away.
First home buyers
First home buyers were very active at the more affordable end of the market and in combination with softening activity at the upper end, Perth’s median house price came down from $525,000 in June to $505,000, but is expected to lift to $510,000 once all settlements are in.
There was evidence to suggest that the first home buyer activity is seeing some multiple bidding on more affordable homes and resulting in many sale prices that are above the asking price.
The Office of State Revenue reported that the median purchase price for first home buyers across WA for both August and September was $435,000, up from $400,000 on the same time last year.
Units, stock levels and price range
Units, apartments and villas saw a very modest drop in median price across the state, dipping by $4,000 in both the city and the country to $421,000 and $306,000 respectively, but the broader theme from the quarter was the narrowing of the overall buying range.
The distribution of house sales in Perth by price range reveals the compressed nature of the market. Some 75% of turnover occurred within the band of $350,000 to $800,000 and which compares to 71% of turnover in the same bracket this time last year.
The stock of listings for Perth dropped by 1% to 8,700 properties but this was well down by 16% on last year. The tight supply is also reflected in the average number of selling days dipping by just one day to 48.
Bounce in October
Since the September quarter REIWA’s member data is showing a 9% lift in sales activity in October with an increased share in the central part of the Perth market.
The 15% increase in more expensive near-city sales has subsequently pushed the median price up by 1.9% to $520,000 for the three months to October. There has also been a 7% lift in listings during the month.
Rents
In the metropolitan rental system the vacancy rate tightened a little to 3.1%, but this was above average and as a result and the median rent had come off by $5 to around $470 per week across the board in the September quarter.
This change is more strongly reflected in units and apartments which have dropped $10 to a median of $450 per week.
Since the September quarter we have seen a further dip in properties available for lease but more notably a further drop in the median rent to $465 per week.
The regions
In the regions the two main themes emerged from the data; that sales turnover is holding up through the south-west, including Mandurah, Bunbury and Busselton, and that rents in the Pilbara continue to fall.
Broadly, the median house price across the state showed no change over the last three months and is steady at $375,000.
In good news for the Mandurah region the number of sales dropped by around 10% and the median price looks to have cooled by about $5,000 to $390,000, but this is still a good result for the region with turnover sitting comfortably at its 15 year average.
And in positive news for Bunbury, sales turnover reflected stability with the number of listings trending down 15% in the quarter while the median price looks to have lifted 1% to around $380,000. This is its best result since December 2009.
Kalgoorlie-Boulder saw very flat turnover ticking along at 35% below its 15 year average and with the median price dropping by at least 2% to around $338,000.
More notable in the goldfields is the rapidly cooling rental market. The number of available leases jumped 19% in the quarter and 170% over the year while the median rent dropped 5% in the quarter to $390 per week.
In the Midwest, Geraldton-Greenough saw a healthy boost of at least 30% in sales, however its median price is unchanged at $379,000.
Pilbara downturn
In the Pilbara, Karratha remained very subdued in the quarter with little movement in sales or price. Its median is sitting at $679,000 and listings increased by 22%.
Rents there continued to slide, down by 8% on June to $1,100 per week and well down by 19% on the year.
Sales in Port Hedland also dropped significantly in the quarter but late sales data may adjust this. The median looks to have fallen by around 9% on REIWA figures, which would put it at about $818,000.
As with Karratha, the more interesting development in Hedland is with rents. These plummeted by 10% in the quarter to $1,300 per week, down by 35% same time last year.
These are still huge amounts to pay for weekly rent, but there are clear signs the mining sector is winding back with jobs and this impacts directly on the housing market in mining towns.

<hr>
David Airey is president of the <a href="https://reiwa.com.au/home/default.aspx" target="_blank" rel="nofollow">Real Estate Institute of Western Australia.</a> 
This article was originally published on <a href="https://reiwa.com.au/Faq/Pages/Feature.aspx" rel="nofollow" target="_blank">reiwa.com</a>.
 
 
</body></html>

dairey-MVZf5ZguQC

Perth sales drop but first home buyers active at affordable end

<html><body>
The first new residential development in 40 years will allow investors to capitalise on the annual 19% house price growth at WA mining town, Tom Price.  
The Crawford Property Group has released six off-the-plan houses with three bedrooms and two bathrooms which are being marketed to attract the town’s residential workforce.  
The $759,000 houses, at 327 Warara Street, are expected to be completed next month. Demand from investors has been strong, with the six-property first stage of the development already sold out and another six to go in the second stage.  
Crawford suggests the houses could achieve yields of up to 15% with zero vacancy rates. They are expected to lease from $2,100 to $2,200 per week and are among two new developments in the town.  
Nicheliving Constructions – winners of the 2012 MBA award for Excellence in Building Innovation – will build the highly energy and acoustically efficient houses as full turn-key packages. They will have quality fixtures and fittings, open plan kitchens, dining and lounge rooms and hidden laundries. Bedrooms will have built-in wardrobes and the main bedrooms will have en suites.  
"Tom Price is a highly lucrative market but, until now, it has been fairly inaccessible to investors," said director Ryan Crawford. "It plays an integral role in Rio Tinto’s and FMG’s iron ore operations in the area and the increasing workforce has helped the population to double to 5400 in just six years.  
"However, until 2011, there had been no new land releases or residential development for nearly 40 years."  
Pressure on housing has raised prices, and the 10 year average annual house price growth rate is 19%. In this, Tom Price’s performance has been consistent with other Pilbara towns, but a lack of new supply has restricted investor access.  
Crawford says the development takes advantage of the town’s zero vacancy rates, higher than average rental returns and strong predicted capital growth.  
"And, with both Rio and FMG ramping up production and flagging possible expansions, the projected continued workforce increase means pressure on house prices and rental accommodation is expected to remain strong."  
A Regional Development Australia report says Tom Price had a dwelling shortfall of 259 homes in 2012 and will require between 271 and 471 new homes by 2015.  Only 37 residential lots were released in 2011 and no further land releases have been announced.  
At 747 metres, Tom Price is the highest town above sea level in Western Australia. The resources boom has helped it become the most affluent non-metropolitan region in Australia, with the average Rio Tinto employee's wage being significantly higher than the Australian average.  
The median age of 29 reflects Tom Price's relatively young family-oriented community. The town is named after Thomas Moore Price, vice-president of the US based Kaiser steel company. It is the closest town to Karijini National Park and is serviced by the Paraburdoo Airport.        
 
 
</body></html>

staylor-63KgDrKwoY

Tom Price gets set for first residential development in 40 years

<html><body>
Public and private investment for Fremantle is edging towards $1 billion - thanks to what the city believes are sensible amendments to its town plan.
This has pleased the Property Council of Australia, which says the revised scheme allows for greater density in key locations in the CBD and with developments currently in the pipeline. These include the flagship Kings Square project - more than 22,000 square metres of A-grade office space and more than 11,500 square metres of retail space expected to be built within five years.
Other uses are in the mix, including residential, hotel and short-term accommodation, entertainment and civic spaces.
The council said that, in recent years, there have been more development application approvals and building approvals in Fremantle than in any equivalent period since 1987.
Fremantle’s mayor, Dr Brad Pettitt, said the aim of revising the plan was to ‘’bring more people back into the heart of our city to live, work, shop and to be entertained”.
The city set about addressing the low levels of investor interest in Fremantle via an award-winning economic development strategy finalised in 2011. The strategy outlined ‘’ambitious but achievable’’ targets for the development of residential dwellings, as well as commercial office and retail floor space in the CBD.
Pettitt said that, while there was still a lot of work to do, there was now a good level of interest from investors and plenty of projects under construction.
“I’m more confident than ever that Fremantle is on the cusp of a generational change which will produce the sort of high-quality sustainable infrastructure that our community needs and deserves,” he said.
</body></html>

Fremantle investment edging towards $1 billion, city thanks town planning amendments

<html><body>
Perth’s Fremantle Council has shortlisted three architects to design a $45 million development that forms part of its $220 million Kings Square Project.
The shortlisted architects are Fremantle based firms CODA and Kerry Hill Architects and Melbourne-based McBridge Charles Ryan.
The final winner will be announced in mid December.
“Quality sustainable development is what Fremantle needs and this competition, judged by an independent expert panel, will go a long way to ensuring the development we build today becomes the heritage that future generations can be extremely proud of,” Mayor Brad Pettitt says.
The three were picked from an initial list of 53 and will be given a $20,000 honorarium.
</body></html>

Latest Western Australia Property News

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

Editor's Picks

Developments

New apartments

New townhouses

News

Latest Western Australia Property News

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

Editor's Picks

Receive the latest news stories to your inbox

Developments

New apartments

New townhouses

News