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;

Joel Robinson

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

<a href="https://www.apartments.com.au/developers/sunland-group">Sunland Group</a> has officially lodged plans for its first Gold Coast apartment project since the departure of the Abedian family from the company three years ago, unveiling a new high-rise proposal for a prominent Broadbeach corner site on Old Burleigh Road.

The application was submitted by an entity directed by Tom Jamieson, stepson of longtime Sunland leader Soheil Abedian, and Riaz Rezvanipour, brother-in-law of Sahba Abedian, Soheil’s son.

Sunland acquired the 1,283 sqm site on the corner of Old Burleigh Road and Armrick Avenue for $9.5 million late last year and is now seeking approval for a <a href="https://www.apartments.com.au/new-apartments/99-101-old-burleigh-road-broadbeach-qld-4218">42-storey tower with 81 apartments</a>.

<img alt="First look: Sunland Group returns to Broadbeach with new Old Burleigh Road tower plans" data-entity-type="file" data-entity-uuid="fea2946d-90ee-4cfc-babe-2a8ad5db2cb6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pers.png?VersionId=BV0fihJw31nDIQ8ozY_h3GbS8mxDyhnm" />

Designed by <a href="https://www.apartments.com.au/architects/contreras-earl-architecture">Contreras Earl Architecture</a>, the proposed tower at 99-101 Old Burleigh Road would deliver a predominantly larger-format apartment mix aimed at the owner-occupier market. Plans include 17 two-bedroom apartments, 55 three-bedroom apartments, and nine four-bedroom residences across 35 residential levels.

The development also incorporates three basement levels, four podium parking levels, two levels of communal recreation facilities, and rooftop plant and equipment. A total of 189 car spaces are proposed, significantly exceeding the 90 spaces required under the planning scheme.

The architecture adopts a sculpted, curvilinear form, with deep wraparound balconies and integrated landscaping intended to soften the tower’s vertical expression. The planning report states the building’s “slender footprint/form provides a complimentary yet varied built form within the local streetscape” and contributes to “a varied, yet ordered skyline.”

Contreras Earl noted in its Architectural Statement that from the early stages, the project addressed a fundamental challenge: how to accommodate the required residential yield while avoiding the conventional model of a tower sitting on a rigid, fully resolved parking podium.

“The most direct response would have been to consolidate parking into a singular, flat podium and extrude a repetitive tower above,” the statement said. “While efficient, this approach would result in a consolidated built form with limited engagement with the surrounding landscape and public realm.”

Instead, the conventional podium model was “deliberately rejected”. The architects described the base of the building as “a landscaped architectural condition where structure, planting and circulation are integrated”.

“Rather than presenting a continuous built mass, the base of the building is articulated through a series of concrete planter elements that organise the podium into a fragmented system,” the statement said. “This approach reduces the perceived bulk of the lower levels while establishing a more permeable interface with the streetscape and adjacent open space.”

<img alt="Sunland" data-entity-type="file" data-entity-uuid="923fad8d-c960-4527-8fbe-975cf1ddf88d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-25%20at%2010.32.03%E2%80%AFAM.png?VersionId=pngwb0hYOIUpq9vDw6F2EsOiVuHF3DiX" />

&nbsp;

The site sits within the High Density Residential Zone and inside the City of Gold Coast’s unrestricted “HX” building height area, where the planning framework anticipates intensified residential development tied to the expanding light rail corridor. The planning report notes the area is undergoing “transition toward more intense development forms” given its proximity to Broadbeach, Surfers Paradise, and high-frequency public transport infrastructure.

Positioned directly opposite Broadbeach Park and within walking distance of Florida Gardens light rail station, the development would sit among a rapidly evolving stretch of Old Burleigh Road that has become one of the Gold Coast’s most active apartment development corridors.

The application joins a growing pipeline of luxury residential projects reshaping Broadbeach, including nearby developments by 5Point Projects, Polycell, and Graya.

The planning report argues the project contributes toward the Gold Coast’s long-term housing targets under the South East Queensland Regional Plan, which forecasts the need for more than 100,000 additional high-rise dwellings across the city by 2046.

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The Abedian family departed Sunland Group in late 2023, ending a four-decade association with the company, and subsequently established the private development firm Abedian &amp; Co. The group is currently delivering <a href="https://www.apartments.com.au/new-apartments/greenmount-residences-cnr-hill-street-and-marine-parade-coolangatta-qld-4225">Greenmount Residences</a> at Rainbow Bay and recently launched <a href="https://www.apartments.com.au/new-apartments/18-mary-avenue-14-18-mary-avenue-broadbeach-qld-4218">18 Mary Avenue</a> in Broadbeach.
</section>

First look: Sunland Group returns to Broadbeach new apartment market with new Old Burleigh Road tower plans

The Minns Labor Government has established the new Bays West Delivery Authority to lead the development&nbsp;of the Bays West Precinct and Blackwattle Bay Precinct.&nbsp;

The Authority is charged with creating Sydney’s newest precinct, a thriving, connected, sustainable hub with White Bay Power Station as its cultural heart. Its vision is to build on the area’s natural, cultural and industrial history to shape a vibrant new neighbourhood.

The precinct will deliver up to 8,500 well-located homes, including a minimum of 10 per cent affordable and essential worker homes. Combine new housing with public open space, opening public access to the waterfront for the first time in more than 100 years, while retaining important deep-water facilities to support Sydney’s working harbour.

Located just minutes from the Sydney CBD and connected to a world-class metro, ferry, walking and cycling links, the Bays West precinct will rebalance housing growth towards well-serviced inner-city locations and help tackle the state’s housing crisis.

The Bays West Delivery Authority,&nbsp;an agency of the Department of Planning, Housing and Infrastructure, will report to the NSW Minister for Lands and Property who already has oversight of major precinct renewal projects including at Blackwattle Bay and Barangaroo.

As part of the broader Bays West transformation, the Minns Government recently announced that a proposal from Lendlease to redevelop part of the Bays West Precinct has progressed to Stage 2 of the NSW Government’s unsolicited proposals process.

<img alt="Sydney" data-entity-type="file" data-entity-uuid="2ed71eb9-d8e8-4fa7-b9d1-de4531dcf2f3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-25%20at%209.42.31%E2%80%AFAM.png?VersionId=IDryFIbped9SNDg72LEN_EecvhUsOPvp" />

The Minns Labor Government has also confirmed the Bays West precinct will have a new suburb name. This will be the first major suburb built in close proximity to Sydney’s CBD in decades and will encompass the area currently being referred to as Bays West, including Glebe Island and the White Bay Power Station. Served by a new Metro station just five minutes from the CBD, it will become one of the most populous suburbs in the Inner West and one of Sydney’s premier cultural destinations.

An early works program is taking shape, which&nbsp;includes the first stages of an international design competition.&nbsp;

The aim of the Bays West&nbsp;International&nbsp;Design Competition is to&nbsp;ensure design excellence is embedded in the project from the start. The competition will deliver an&nbsp;urban framework that defines the character, ambition and long-term identity of&nbsp;this&nbsp;former industrial precinct as it transitions to a vibrant, inclusive and sustainable residential&nbsp;neighbourhood.

The competition will be led by the Bays West Delivery Authority in partnership with Government Architect NSW.&nbsp;

It will launch with an invitation for a global Expressions of Interest, before moving to an invitation-only stage that will be assessed by a panel that&nbsp;will provide advice to Cabinet who will select a winner.

Premier of NSW, Chris Minns said the establishment of the new Authority is the first step in transforming the Bays West precinct into a vibrant, livable suburb minutes from the Sydney CBD and two stops from Hunter St Station on the Metro West line.

“The Authority will deliver well-located homes close to the heart of the city and integrate the new precinct with Blackwattle Bay and the new Sydney Fish Market.

“This is a generational opportunity to build a new suburb on the city’s edge and open the harbour foreshore to the public for the first time in a century.”&nbsp;

Minister for Lands and Property Steve Kamper said the new Bays West Delivery Authority established by the Minns Government will turbocharge the development of Sydney’s newest suburb.

“The Authority is working at a record pace to deliver an international design competition, planning pathways and a financial model so that this development benefits Sydney with well-designed homes in a central location, close to public transport, jobs, entertainment and essential services.

“If we want Sydney to stay liveable and affordable, we need to be bold about using underutilised government-owned land to deliver homes for the future while making sure essential working harbour functions can be accommodated.”

Bays West Delivery Authority established to "turbocharge" Sydney’s newest suburb

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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A high-rise project in Perth remains in limbo after a planning commission delayed ruling on possible height limits.
Developers Golden Group hope to build a series of skyscrapers up to 53-storeys high on the <a target="_blank" href="/news">Belmont</a> Park Racecourse site, on the Great Eastern Highway, but the West Australian Planning Commission was reportedly set to cap the height at 30 storeys.
But the commission recently asked for further information from the state architect and the City of Perth before making a decision, according to the minutes of a meeting.
A planning officer had recommended that the commission endorse the plan subject to conditions including a reduction of the maximum building height to 30 storeys.
<a target="_blank" href="/news">Perth’s</a> tallest building is Central Park on St George’s Terrace at 51 storeys.
<a target="_blank" href="https://www.goldengroup.com.au/developments/perth-developments/perth-race-course">Golden Group’s plans</a> include 4,500 new dwellings, 31,000 square metres of retail space and 60,000 square metres of office space all on 22 hectares.
The $3.5 billion plans were designed by architect firm Foster + Partners.
The project design consists mainly of residential towers between four and 13 storeys tall with a few taller towers up to 53 storeys high.
A spokesperson from Golden Group was unwilling to talk about the project but confirmed the group was waiting on the commission's ruling.
Golden Group managing director Andrew Sugiaputra had previously said that according to the state government’s 2031 document, more than 320,000 dwellings were needed to cater for Perth’s growth, with 47% provided by infill development in the metropolitan areas.
“Extensive public consultation had been undertaken by our team and relevant stakeholders have provided support for our development in its current form,” Sugiaputra told The West Australian.
Sean Morrison, chairman of Future Perth, a development advocacy group in WA, said any height limits imposed would be an outrage.
“It seems to me that some bureaucrats have plucked this 30-storey limit out of the air to try and maintain the Perth CBD’s phallic bragging rights,” he told The West Australian.
“We don’t have caps on urban sprawl so why should we have caps on inner city residential developments?”
The site is three kilometres east of the Perth CBD, just over the Swan River.
The state government is spending $140 million rebuilding the nearby train station which also service Burswood Casino.
The site, in <a href="/news">Burswood</a>, is currently one of the two major horse racing venues in Perth.
The median unit price in Burswood is $697,500 according to RP Data, dropping 5.4% over the past year.  The median asking rent is $380 per week, giving a gross indicative yield of 2.8%
The median house price is $789,000, increasing 11.3% over the past year. The median asking rent for houses is $1,050 per week, giving a yield of 6.9%.
Premier Collin Barnett had hoped to use the site to build a new 60,000 seat stadium, but has shifted plans to south of the Graham Farmer freeway.
Any height limits would be in stark contrast to the direction Melbourne is taking, with state planning minister <a target="_blank" href="https://www.propertyobserver.com.au/victoria/tallest-building-in-southern-hemisphere-approved-for-melbourne/2013031759915">Matthew Guy recently approving the tallest building in the southern hemisphere</a>.
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Perth skyscraper plans in limbo as height ruling delayed

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The diminishing level of listings in metropolitan Perth in the wake of strong population growth and improving consumer confidence will create upward price pressure and increased demand for homes.
Properties for sale have slipped to just 8,429, down from 14,092 at the same time last year.
The long-term equilibrium for Perth is around 12,000 while the lowest number of listings recorded by REIWA was 4,793 in June of 2006.
Agents are reporting an increasing shortage of properties in popular price ranges especially around the median of $500,000. REIWA data suggests that listing stock is trending downwards on the back of strong sales turnover and these properties are not being replaced with enough new listings to meet demand.
Now that the market appears to have turned in favour of sellers, many may be holding back with the expectation of a better price in the months ahead. Until more sellers list their properties and until we get more new homes onto the market from builders, then competition from buyers will put pressure on prices.
While the upturn in the market with both sales and price was encouraging after three years of sluggish sales it is important to ensure a sustainable market for buyer access and consumer confidence.
Perth’s population is growing at around 1,000 people every week and the market is turning over around 1,000 properties every week. As our population continues to grow on the back of the state’s healthy economy there will be ongoing pressure with the housing system.
We are not heading into a boom by any means. The market is reacting to pent-up demand so it’s probably a good time for hesitant sellers to take advantage of a market full of keen buyers and with sales happening quickly for correctly priced property.
The buoyancy in the market has prompted a lot of renewed interest in <a target="_blank" href="https://reiwaviews.com.au/2013/02/the-auction-option/" title="Have you considered the auction option?">auctions</a>.
When listings get tight and demand is strong an auction is probably the best way for a seller to get a cash sale at auction under the hammer. It also means that buyers will need to get finance pre-approved and set a bid-limit so they can compete to buy a popular property.
David Airey is president of the <a rel="nofollow" target="_blank" href="https://reiwa.com.au/home/default.aspx">Real Estate Institute of Western Australia.</a>This article was originally published on <a target="_blank" rel="nofollow" href="https://reiwa.com.au/Faq/Pages/Feature.aspx">reiwa.com</a>.
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Perth's housing market is reacting to pent-up demand: David Airey

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The demand for accommodation in the resource-rich Pilbara region of Western Australia has helped drive earnings at Perth-based developer Finbar.
Finbar reported net profits of $14.07 million for the half-year to December 31 off revenue of $62.2 million with its multi-stage Pelago project (pictured below) in Karratha the largest generator of earnings over this period.
<img alt="pelagomarch13one" height="353" width="470" src="/images/stories/2013/03/pelagomarch13one.jpg">
This compares with revenue of just $2 million in the previous corresponding period and a loss of $650,000.
The developer completed 85 settlements at Pelago West in August last year with nine additional lots already sold and anticipated to settle in the second half of  the financial year.
Pelago West, rising eight stories, is the first stage of the $225 million project, which will eventually comprise 292 residential apartments and 22 commercial lots with mining projects in close proximity and offering some residents sweeping views of red desert, the nearby Karratha Hills and Nickol Bay.
<img src="/images/stories/2013/03/pelagomarch13two.jpg" width="470" height="353" alt="pelagomarch13two">
One bedroom apartments were priced from above $600,000 when marketing began in 2011.
There are 20 lots still available to purchase, 14 of which are leased to government and large corporate tenants “generating strong rental returns”.
These apartments are now being sold off to individual apartment investors in the open market with prices starting from around $583,000 for a one-bedroom apartment and two-bedroom units priced at $854,000.
<img src="/images/stories/2013/03/pelagomarch13three.jpg" width="470" height="353" alt="pelagomarch13three">
Agents promoting these investments quote a "fair and reasonable rent return" of $1,000 per week for a one-bedroom unit, $1,400 per week for a two-bedroom unit and $1,700 per week for a three-bedder – rental yields of around 9%.
<a href="https://www.propertyobserver.com.au/developments/developer-finbar-making-an-impact-in-wa/2011102051937" target="_blank">Corporate tenants include CHC</a>, one of the world’s largest helicopter transport companies, which agreed a five-year lease on nine one-bedroom apartments at average rent of $1,100 with 4% or CPI increases annually.
Finbar has since begun marketing apartments in Pelago East priced at $604,300 for a one bedroom, one bathroom unit.
Finbar says rental yields are close to 11%.
Pelago East features eight floors of residential and a mixed-use ground floor.
Finbar has also leased 698 square metres of 1,067 square metres of commercial space in Pelago West designated for offices, shops and eateries.
Karratha is within the Shire of Roebourne, which has a gross regional product of $7 billion and representing around 25% of Australia’s exports – iron ore and LNG projects.
Among its Perth apartment projects currently under construction, Finbar reported strong sales in the latter half of the 2012 at ‘Au’ at 208 Adelaide Terrace in East Perth with 176 sales achieved in the 194 lot project.
Ecco at 262 Lord Street has secured 79 sales in the 98 lot project.
Among the other projects the contributed to interim earnings was Lime, featuring residential and office suites in East Victoria Park, Perth, reached practical completion in November with revenues for 20 lots being recognised and contributed to earnings in the six months to December 2012.
A further 68 settlements have occurred in Lime since December 31. All residential lots have now sold out and only 10 commercial lots remain to be sold in the 111 lot project.
Finbar says it is on track to exceed last year’s record profit of $28.3 million after tax.
In July last year, Finbar was selected by the WA state government as the preferred developer of the former Port Hedland Hospital Site, also in Pilbara.
The 3.5 hectare site on Sutherland Street is earmarked to become a major apartment development, overlooking the Spoilbank Marina and directly opposite the Port Hedland Yacht Club. 
The proposed Finbar development will comprise 367 short stay serviced apartments along with a considerable element of ground floor commercial office and retail units, which will reflect the requirements for the State Government funded $152 million marina and tourism precinct.
Managing director Darren Pateman said Finbar was “excited” about its interim results and prospects for the company “in what appears to be an improving market”.
“This company is very well positioned to benefit immediately from increased demand as we have continued our development activity unabated so that we will not be captured by the void that can exist in this industry between increased market demand and the long lag time for bringing on new supply."
Finbar will pay investors an interim dividend of 3.5 cents fully franked on April 19.
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Pilbara apartment project helps drive earnings and profits for WA developer Finbar 

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The property industry will get a true indication as to the state of the market later this month when over 60 companies exhibiting at the Home Buyer &amp; Property Investor Show meet over 3,000 eager buyers face-to-face.
Please note, Property Observer readers are eligible for a free ticket when <a href="https://www.homebuyershow.com.au/special-offers/propertyobserver-ticket-offer/" target="_blank">registering here</a>. The promotional code to obtain the free ticket is: OBSERVER
With property the most affordable it has been in years and the Reserve Bank holding interest rates this month, organisers of the largest property education event in the country expect a record turnout at the Perth Convention &amp; Exhibition Centre Saturday 23 and Sunday 24 March.
With so many different messages being conveyed throughout the media regarding the property market, many buyers often experience information overload and don’t know where to start.
The event aims to cut through all the chatter by providing a unique opportunity to get up close and personal with the most experienced, successful and trusted property experts in the country.
Now organised by Informa Exhibitions, this major event is expecting a record turnout. Managing director Harvey Stockbridge says the show will feature an impressive line-up of speakers.
"Our team has worked hard to put together one of the most impressive speaker line-ups seen in Perth for many years including Effie Zahos, Chris Gray, Damian Collins, Andrew Morello and Margaret Lomas to name a few."
Leading property commentator Chris Gray agrees with this sentiment and is presenting a free seminar titled 'Buying or investing in property? Do it yourself or outsource to the experts?' each day at the show.
"At the moment the market volatility is providing some great opportunities to pick up a bargain and there hasn’t been a better time to buy for many years," Mr Gray says.
"But how can you decide what’s really best for you? Buyers can get emotionally involved when buying property, so to ensure they make the right choice for a smart investment, I always recommend getting professional advice – and for Perth buyers the Home Buyer &amp; Property Investor Show is the best resource for that."
Other seminar topics include:
<ul>
<li>How to find the next property ‘hot spots’</li>
<li>Essential tips to buy your 1st home/investment property</li>
<li>How to invest in property using your superannuation</li>
<li>Easy ways to cut your home loan interest bill</li>
<li>Effective property investing in 2013 and beyond 
</li>
</ul>
The event also presents a major exhibition with over 60 leading companies exhibiting, so visitors will be able to see, compare and buy all the latest homes, apartments, house &amp; land packages, home loans, agents, tax and insurance agents.
Representatives will also be on hand from government and independent association groups such as the Real Estate Institute of West Australia and Property Investment Professionals of Australia and the West Australian Department of Housing.
Event details
Venue: Perth Convention &amp; Exhibition Centre, 21 Mounts Bay Road, Perth
Dates: Saturday 23 and Sunday 24 March: 10am to 5pm 
Tickets: $18 when purchased at the door or book in advance online via the website to avoid the queues and save $5 per ticket ($13 online tickets).
Please note, Property Observer readers are eligible for a free ticket when <a target="_blank" href="https://www.homebuyershow.com.au/special-offers/propertyobserver-ticket-offer/">registering here</a>. The promotional code to obtain the free ticket is: OBSERVER
For full event details visit the website at: <a href="https://www.homebuyershow.com.au/" target="_blank">www.homebuyershow.com.au</a>
<a href="https://www.homebuyershow.com.au/"></a>Enquiries call 1300 889 655.
Tickets include free to the Trading &amp; Investing Seminars &amp; Expo running concurrently on Friday and Saturday – for details visit the website at: <a href="https://www.tradingandinvestingexpo.com.au/" target="_blank">www.tradingandinvestingexpo.com.au</a>
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Home Buyer Show to test barometer for state of the WA property market

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Properties at both ends of the price spectrum can be forced to spend long periods of time on the market, as demonstrated by the latest data on Perth properties by SQM Research.
The 10 properties that have spent the longest time on the market have each been listed for more than 1,000 days.
The list includes both houses and units (such as N1302/70 Canning Beach Road, Applecross, pictured below), and asking prices ranging from as little as $159,000 to $3,000,000.
<img alt="perthmarch7one" height="353" width="470" src="/images/stories/2013/03/perthmarch7one.jpg">
While some vendors have slashed their asking prices by as much as 36%, others have held firm and one has even increased the asking price.
1
<a href="https://sqmresearch.us5.list-manage2.com/track/click?u=9badbd870addb4af72206c2eb&amp;id=f192f0430a&amp;e=0aab96dc54" target="_blank">119 Rookwood Street, Mount Lawley, 6050</a> 
<div></div>
<div></div>
<div></div>
<div>
Days on the market: 1424</div>
<div>
Initial asking price: $1,450,000 Current asking price: $1,290,000 Reduction: 11%</div>
 
2
<a href="https://sqmresearch.us5.list-manage.com/track/click?u=9badbd870addb4af72206c2eb&amp;id=5fcd76e10f&amp;e=0aab96dc54" target="_blank">65 Hutton Street, Stirling, 6021</a>
<div>
Days on the market: 1424</div>
<div>
Initial asking price: $3,000,000 Current asking price: $3,000,000 Reduction: 0%</div>
 
3
<a href="https://sqmresearch.us5.list-manage1.com/track/click?u=9badbd870addb4af72206c2eb&amp;id=39d6956080&amp;e=0aab96dc54" target="_blank">N1302/70 Canning Beach Road, Applecross, 6153</a>
<div>
Days on the market: 1424</div>
<div>
Initial asking price: $2,500,000 Current asking price: $2,500,000 Reduction: 0%</div>
 
4
<a href="https://sqmresearch.us5.list-manage.com/track/click?u=9badbd870addb4af72206c2eb&amp;id=8f843526c0&amp;e=0aab96dc54" target="_blank">39k Harvest Road, North Fremantle, 6159</a>
<div>
Days on the market: 1424</div>
<div>
Initial asking price: $1,300,000 Current asking price: $1,060,000 Reduction: 18%</div>
 
5
<a href="https://sqmresearch.us5.list-manage.com/track/click?u=9badbd870addb4af72206c2eb&amp;id=87c1a936c6&amp;e=0aab96dc54" target="_blank">363 Riverton Drive, Shelley, 6148</a>
<div>
Days on the market: 1294</div>
<div>
Initial asking price: $2,450,000 Current asking price: $1,990,000 Reduction: 19%</div>
 
6
<a href="https://sqmresearch.us5.list-manage.com/track/click?u=9badbd870addb4af72206c2eb&amp;id=180f4449db&amp;e=0aab96dc54" target="_blank">Apartment 4/6 Cray Street, Lancelin, 6044</a>
<div>
Days on the market: 1259</div>
<div>
Initial asking price: $225,000 Current asking price: $159,000 Reduction: 29%</div>
 
7
<a href="https://sqmresearch.us5.list-manage.com/track/click?u=9badbd870addb4af72206c2eb&amp;id=a584bebd50&amp;e=0aab96dc54" target="_blank">24/32 Fielder Street	East Perth	6004</a>
<div>
Days on the market: 1238</div>
<div>
Initial asking price: $995,000 Current asking price: $850,000 Reduction: 15%</div>
 
8
<a href="https://sqmresearch.us5.list-manage.com/track/click?u=9badbd870addb4af72206c2eb&amp;id=ebd4d16551&amp;e=0aab96dc54" target="_blank">29/65 Little John Road	Armadale	6112</a>
<div>
Days on the market: 1224</div>
<div>
Initial asking price: $299,000 Current asking price: $309,000 Reduction: -3%</div>
 
9
<a href="https://sqmresearch.us5.list-manage1.com/track/click?u=9badbd870addb4af72206c2eb&amp;id=54617748f5&amp;e=0aab96dc54" target="_blank">13/20 Enderby Close	North Coogee	6163</a>
<div>
Days on the market: 1196</div>
<div>
Initial asking price: $1,235,000 Current asking price: $987,000 Reduction: 20%</div>
 
10
<a href="https://sqmresearch.us5.list-manage1.com/track/click?u=9badbd870addb4af72206c2eb&amp;id=7d2525d528&amp;e=0aab96dc54" target="_blank">15 Gretel St	Two Rocks	6037</a>
<div>
Days on the market: 1155</div>
<div>
Initial asking price: $1,100,000 Current asking price: $699,000 Reduction: 36%</div>
 
SQM Research also offers a list of the <a title="SQM Research" href="https://www.sqmresearch.com.au/top100bargains.php" target="_blank">Top 100 Biggest Bargains in Australia </a>for sale.
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Perth's longest-listed properties: SQM

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A house in Peppermint Grove looks set to break the selling price record for the Perth suburb if it sells near its $25 million asking price.
Chiritta, an 1896 to 1899-built seven-bedroom house on 4080 square metres is being sold by the founders of Channel 9 Perth, Ann and Denis Cullity.
{yoogallery src=[images/stories/2013/03/march11chiritta]}
The couple bought the heritage-listed home 52 years ago from the Roe family – descendants of Perth’s first surveyor-general John Septimus Roe, a name strongly associated with Perth.
The limestone federation bungalow-stlye home was built for John’s son, Augustus Roe, the police magistrate from 1897 onwards.
It comes with six bathrooms and views over the city and the Swan river.
It features wide verandahs, high ceilings, arched passageways and french doors.
According to <a target="_blank" href="https://www.realestate.com.au/property-house-wa-peppermint+grove-113062699">the listing</a>, the house has been expanded over the past 52 years. It now has grand formal drawing and dining rooms, a study, two offices, a sunroom, a family room, an informal dining room and a five-car garage.
The bungalow-style house compromises a central limestone structure with verandahs and is capped by a large roof.
The house was designed by turn-of-the-century architect and World War I general J Talbot Hobbs, who also designed the Royal Freshwater Bay Yacht Club, Windsor Hotel, St Luke's Rectory and Newspaper House – all in Perth.
The house is being listed by co-agents Mack Hall from Mack Hall Real Estate Claremont and William Porteous from William Porteous Properties International Pty Ltd Dalkeith.
Mack Hall says the sellers are looking to sell because they are downsizing.
The highest sale price achieved in Peppermint Grove was 43 View Street, which sold for $16 million in 2010, according to the REIWA.
If it sells the property will be among some of the most expensive sales in WA.
In 2009, a Saunders Street property in Mosman Park sold for $57.5 million and in 2007 a Bindaring Parade home in Claremont sold for $23 million.
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Peppermint Grove home set to shatter price record

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The WA government’s department of Consumer Protection has lodged a Supreme Court writ against the promoter of a rent-to-buy property scheme, alleging the company and its director misled consumers.
In its legal action against Presto Property Solutions Pty Ltd and director Rowan Amanda Lines, it alleges that a couple from Quinns Rock, who signed up as vendors under Presto’s rent-to-buy scheme returned from overseas almost a year later to discover the tenant/prospective buyer had sold their above-ground swimming pool, valued at more than $16,000.
It is also alleged that Lines purported to be the owner of the home when dealing with the tenant/prospective buyer, but at no stage did she own the property - she had only signed an option to purchase it.
The couple from the outer north suburb of Perth had dealt with Lines after they responded to a sign posted by Presto on a light pole with the slogan "we sell houses fast" near their home in July 2010
It is the <a target="_blank" href="https://www.propertyobserver.com.au/industry-news/wa-consumer-protection-targets-rent-to-buy-property-scheme-that-took-david-beckham-jersey-in-lieu-of-deposit/2012101557170">third rent-to-buy scheme</a> which has been the subject of recent legal action by Consumer Protection.
Rent-to-buy schemes are targeted at people who don’t qualify for home loans. Buyers agree to pay rent to the seller in return for being able to purchase the property at a later date.
The commissioner for Consumer Protection is seeking injunctions against Presto Property Solutions Pty Ltd and director Rowan Amanda Lines restraining them from making false representations to both buyers and sellers involved in their scheme, in breach of the Australian Consumer Law.
“Ms Lines had later purported to be the owner of the home when dealing with the tenant/prospective buyer. At no stage did Ms Lines own the property, she had only signed an option to purchase it.
“The commissioner further alleges that Ms Lines and her company made similar false statements such as “no banks, rent and own” and “I buy houses fast” in a series of advertisements in the Quokka newspaper and Gumtree website,” said Consumer Protection.
Acting commissioner for Consumer Protection Gary Newcombe has urged consumers considering a rent-to-buy scheme to be extremely cautious.
“In this case, the Quinns Rock couple returned from overseas almost a year later to discover the tenant/prospective buyer had sold their above-ground swimming pool which had a replacement value of more than $16,000,” Newcombe said.
“This highlights the confusing nature of these agreements where the line between tenant and owner is blurred and the legal rights of all parties are unclear. There are many other risks that we are concerned about.
“Under these schemes, buyers who default on their tenancy agreement or can’t get finance to buy the property at the end of the option period are at risk of losing the money that was intended to go towards the purchase.
“We are also concerned that money paid by the buyer does not appear to go into a trust account and there is very little accountability of where the funds go or any system in place to keep track of the ongoing option payments.”
In October 2012, the Commissioner for Consumer Protection lodged a Supreme Court Writ seeking an injunction against another rent to buy property scheme, alleging that promoters Patricia Mirawati Susilo and Bryan Artawijaya Susilo of Applecross, engaged in misleading and deceptive conduct in breach of the Australian Consumer Law.
In August 2011, the Commissioner warned consumers about rent to buy property promoters No Loan Home Pty Ltd (trading as Perth’s Easyhomes WA), its sole Director Filip (Fil) Butkovic and employee Nikola (Nik) Butkovic.
In May 2012, the Supreme Court ruled the scheme was illegal because the promoters were not licensed real estate agents. The Court also ruled that the promoters had misled clients regarding the future value of the property, the potential equity that they are able to build up over a four to five year period and their ability to obtain finance at the end of this period.
Consumers who have concerns about a rent-to-buy property scheme should contact Consumer Protection on 1300 30 40 54 or email: <a href="mailto:consumer@commerce.wa.gov.au">consumer@commerce.wa.gov.au</a> for further information and advice.
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WA’s consumer protection takes legal against rent-to-buy property scheme after tenant sells portable swimming pool

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There was a clear lift in both the median house price and turnover in the property market in Perth at the end of last year, according to Real Estate Institute of Western Australia data released on Friday.
The institute’s December quarter results put the Perth median house price at $495,000, up by more than 3%, or $15,000, on the previous quarter.
It is now only $7,500 shy of Perth’s all-time peak from March 2010.
The lift in median prices is due to a welcome surge in turnover of more expensive properties, particularly in the $600,000 to $700,000 range.
Very strong first-home buyer activity means that many people looking to sell an existing home and move on have a ready pool of eager buyers.
Strong first-home buyer activity is a terrific stimulus for the entire housing system.
This scenario is reflected in the fact that the top two suburbs for price growth in the December quarter were outer-suburban, affordable, <a target="_blank" href="/news">Calista </a>and gentrified, upper-market <a target="_blank" href="/news">Mount Lawley</a>.
REIWA reports a modest rise in metropolitan unit and apartment prices of around 2% to a median of $410,000. It is not surprising stronger growth is mostly with inner-city areas such as <a target="_blank" href="/news">Highgate </a>and <a target="_blank" href="/news">Burswood</a>, where demand was higher.
The more interesting news to come from our December analysis is that the average number of days it takes to sell property has dropped from 71 to 62 and the number of sellers dropping their asking price has fallen from almost 60% to around 55%. Together, these factors illustrate that the market is clearly improving as sellers get the pricing right and buyers respond in better time.
Of those sellers who dropped their asking price to seal the deal, the average discount was 5.5 per cent. The percentage of discounting also seems to be trending down as the market improves.
Total dwellings sales statewide for the December quarter are estimated at 11,600, around 15% up on the same time last year.
The regional market was pretty stable, with the median house price unchanged at $365,000 and virtually equal to a year ago. Blocks of land in country WA are also sitting still at a median of $165,000, although regional units and apartments slipped a little, dipping by just over 3 per cent to $315,000.
The Perth rental market is still tight. The equilibrium for the metropolitan vacancy rate is 3%, but currently we’re at 1.9%, and this is likely to shrink further during the March quarter, a traditionally busy period in the rental sector.
The Perth median rent remained stable at $450 per week during the December quarter, marking the first time in year that the median rent has not crept up. However, while the median remains unchanged, rents specifically for houses went up by $10 to $460 per week and for units and apartments dropped by $10 to $420 per week.
Preliminary estimates indicate Perth will record nearly 12,000 land sales for the 2012 year, which is a 37% increase on 2011. The south-west and north-west corridors accounted for half the sales.
The south-west corridor covering the Cockburn and Rockingham-Kwinana regions is the most affordable area in Perth in which to buy land, with an annual median of $210,000.
By contrast, the median land price in the northwest corridor, covering the Joondalup and Wanneroo local authorities, was higher at $240,000 across last year, while a median of $394,000 was determined for blocks that are within roughly ten kilometers of the CBD.
REIWA data on annual medians across 2012, show that in the regions, <a href="/news">Port Hedland</a> finished the year with 12% growth and a median price of $880,000, providing further evidence that sections of the mining sector are still having a profound effect on property in parts of the northwest.
Kalgoorlie-Boulder was the second best regional performer, with 4% growth during the year and a median price of around $343,000.
In the midwest, <a href="/news">Geraldton</a>-<a href="/news">Greenough </a>experienced just under 3% growth and settled with a median house price of $380,000.
<a href="/news">Mandurah</a>-<a href="/news">Murray</a> and <a href="/news">Busselton </a>both grew by 1.6% over the year, with median house prices of $380,000 and $416,500 respectively.
<a href="/news">Bunbury</a> recorded modest growth of 1.4% in 2012, to a median price of $365,000.
The poor performer was <a href="/news">Albany</a>, dropping to a median of $355,000 after experiencing negative growth of 4.4% over the year.
To put these regional figures in context, metropolitan Perth had overall growth in 2012 of 2.3%, although 2013 looks like being a better performer right across the board.
David Airey is president of the <a href="https://reiwa.com.au/home/default.aspx" target="_blank">Real Estate Institute of Western Australia.</a> This article was originally published on <a href="https://reiwa.com.au/Faq/Pages/Feature.aspx">reiwa.com</a>.
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Perth property prices just $7,500 shy of all-time peak

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Construction of Lend Lease’s $1 billion Waterbank urban regeneration project featuring 600 apartments on the shores of the Swan River adjacent to the Perth CBD is set to commence in 2014 following a deal inked with the Perth’s Metropolitan Redevelopment Authority. 
The formal signing of the Project Development Agreement (PDA) follows Lend Lease’s selection in November 2011 as the preferred developer of the project, which dates back to 2008.
<img src="/images/stories/2013/02/riverside1.jpg" width="470" height="336" alt="riverside1">
The Riverside project, designed by architects Hassell, is situated on a six-hectare site on the banks of the Swan River and is one of the city’s key urban regeneration projects. 
Upon completion in 2021 the staged development is proposed to include over 600 residential apartments, commercial office space, a hotel, a variety of retail uses and substantial public spaces. 
<img src="/images/stories/2013/02/riverside2.jpg" width="470" height="335" alt="riverside2"> 
Concept sketches show two high-rise buildings and a host of smaller buildings featuring a row of retail and restaurants on the ground floor in a curve around a beach and gardens, with a dining pier jutting out into the river.
According Hassell, the site will also feature a town square area and a wetlands area. 
“We are delighted to have finalised an agreement with the MRA to deliver this project,” says Lend Lease group chief executive officer and managing director Steve McCann. 
“Lend Lease has significant experience in major waterfront and urban regeneration projects, both within Australia and overseas and we will leverage this expertise to deliver a world-class solution for the people of Perth.”
Lend Lease’s other major waterfront project is the <a href="https://www.propertyobserver.com.au/developments/every-apartments-has-harbour-views-as-lend-lease-unveils-two-barangaroo-apartment-blocks/2012112057997" target="_blank">$2 billion development of Barangaroo</a> in Sydney Harbour. 
Lend Lease will now work closely with the MRA in the design and planning for the project ahead of the expected commencement of construction in 2014.
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Lend Lease signs deal for $1 billion Perth riverside project to feature 600 apartments

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Perth residential property prices kept up with inflation over the December 2012 quarter, rising by 2.3%, with increased first-home buyer activity and a tight rental market key factors, according to the Real Estate Institute of Western Australia (REIWA).
House prices gained 3% or $15,000 over the quarter to a median of $495,000, while units rose a more modest 2% to a median of $410,000.
Perth house prices are now just $7,500 off their March 2010 peak, with REIWA president David Airey saying strong first-home buyer activity meant that many people looking to sell an existing home and move on "had a ready pool of eager buyers". 
“Strong first-home buyer activity is a terrific stimulus for the entire housing system," says Airey.
“This scenario is reflected in the fact that that the top two suburbs for price growth in the December quarter were outer-suburban, affordable Calista and gentrified, upper-market Mount Lawley,” he says.
Other Perth’s key housing statistics are trending in the right direction, indicating that forecasters are correct in predicting the WA capital to be the top-performing capital city in 2013.
The number of selling days decreased from 71 to 62; the number of sellers dropping their asking price has fallen from almost 60% to around 55%, with dwellings sales across the state estimated at 11,600 for the quarter – around 15% up on the same time last year.
The REIWA also anticipates the Perth rental market will tighten from its current already tight vacancy rate of 1.9% in the March quarter. The median rent remained unchanged at $450 per week over the quarter.
Top 10 suburbs over December quarter
<table cellpadding="0" cellspacing="0" border="1" style="width: 470px;"><tbody>
<tr>
<td valign="top" width="243">
Suburb
</td>
<td valign="top" width="173">
Median sale price
</td>
<td valign="top" width="187">
Quarterly change in annual median
</td>
</tr>
<tr>
<td valign="top" width="243">
<a target="_blank" href="/news">Mt Lawley</a>
</td>
<td valign="top" width="173">
$1.02m
</td>
<td valign="top" width="187">
9.5%
</td>
</tr>
<tr>
<td valign="top" width="243">
<a target="_blank" href="/news">Calista</a>
</td>
<td valign="top" width="173">
$265,000
</td>
<td valign="top" width="187">
8.4%
</td>
</tr>
<tr>
<td valign="top" width="243">
<a target="_blank" href="/news">West Leederville</a>
</td>
<td valign="top" width="173">
$975,000
</td>
<td valign="top" width="187">
7.7%
</td>
</tr>
<tr>
<td valign="top" width="243">
<a target="_blank" href="/news">Middle Swan</a>
</td>
<td valign="top" width="173">
$332,000
</td>
<td valign="top" width="187">
7.1%
</td>
</tr>
<tr>
<td valign="top" width="243">
<a target="_blank" href="/news">Shenton Park</a>
</td>
<td valign="top" width="173">
$1.07m
</td>
<td valign="top" width="187">
6.5%
</td>
</tr>
<tr>
<td valign="top" width="243">
<a target="_blank" href="/news">Madeley</a>
</td>
<td valign="top" width="173">
$550,000
</td>
<td valign="top" width="187">
5.8%
</td>
</tr>
<tr>
<td valign="top" width="243">
<a target="_blank" href="/news">Edgewater</a>
</td>
<td valign="top" width="173">
$490,000
</td>
<td valign="top" width="187">
5.7%
</td>
</tr>
<tr>
<td valign="top" width="243">
<a target="_blank" href="/news">Osborne Park</a>
</td>
<td valign="top" width="173">
$532,500
</td>
<td valign="top" width="187">
5.4%
</td>
</tr>
<tr>
<td valign="top" width="243">
<a target="_blank" href="/news">Mt Claremont</a>
</td>
<td valign="top" width="173">
$1.22m
</td>
<td valign="top" width="187">
5.3%
</td>
</tr>
<tr>
<td valign="top" width="243">
<a target="_blank" href="/news">Carine</a>
</td>
<td valign="top" width="173">
$731,250
</td>
<td valign="top" width="187">
5.2%
</td>
</tr>
</tbody></table>
Source: REIWA
The upper-crust inner-northern suburb of Mt Lawley was the top performer over the quarter and the year, with median house prices up 9.5% to $1.02 million from 90 sales.
Mt Lawley is also the top-performing suburb for the calendar year, with house prices up 19.6%.
Last year, residents of Mt Lawley were up in arms when it was revealed that McDonald's planned to open a restaurant in a popular spot – it was later declared a hoax.
Recent sales include a three-bedroom house on First Avenue, Mt Lawley, that sold for $1.07 in November last year having previously sold for $879,000 in January 2011 – annual price appreciation of around 11%.
The highest price recorded over the year in Mt Lawley was $3.025 million paid for a three-bedroom <a href="https://homesenvogue.com.au/2012/01/for-sale-73-farnley-street-mount-lawley-wa-6050/">Art Nouveau home built circa 1913</a> at 73 Farnley Street featuring custom-designed stained-glass windows in nearly every room of the style of the architectural period.
The second best performing suburb over the quarter was the blue-collar outer-southern suburb of Calista, where house prices rose 8.4% over the year to a median of $265,500 from 36 sales. House prices in Calista were down 1.7% for the year.
“The lift in median price was due to a welcome surge in turnover with more expensive properties, particularly in the $600,000 - $700,000 range,” says Airey.
In contrast to the struggling Melbourne land market, preliminary estimates indicate Perth will record nearly 12,000 land sales for the 2012 year, which is a 37% increase on 2011. The southwest and northwest corridors accounted for half the sales.
The Urban Development Institute of Australia (UDIA) said the biggest developers in Perth recorded a 23.4% rise in land sales over the December quarter
The south-west corridor, covering the Cockburn and Rockingham-Kwinana regions, is the most affordable area in Perth in which to buy land, with an annual median of $210,000.
“By contrast, the median land price in the northwest corridor, covering the Joondalup and Wanneroo local authorities was higher at $240,000 across last year, while a median of $394,000 was determined for blocks that are within roughly ten kilometres of the CBD,” says Airey.
Aerial photo of Mt Lawley by Dan Woods, courtesy of <a href="https://www.flickr.com/" target="_blank">Flickr</a>.
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